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Investing in AI: Aiming to identify the most compelling companies

Fidelity equity portfolio manager Sonu Kalra identifies where he finds the most compelling growth opportunities tied to artificial intelligence.

Blue Chip Growth: The Best AI Plays

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Key Takeaways

  • Fidelity Portfolio Manager Sonu Kalra says artificial intelligence is the next major technology innovation, following the internet, the proliferation of smartphones, and the move of data off-premise to the cloud.
  • Kalra, who has managed Fidelity® Blue Chip Growth Fund since 2009, along with Fidelity® Blue Chip Growth Commingled Pool, Fidelity® Blue Chip Growth ETF, FIAM Concentrated Blue Chip Growth Strategy, and other U.S. large cap growth portfolios, says Fidelity’s research team identified AI as a potentially revolutionary technology more than a decade ago.
  • To benefit from the advancement of AI capabilities, Kalra has invested in some of the key enablers of the technology, such as semiconductor companies and AI-infrastructure firms that build out and support data centers.