In an enlightening conversation on “Bloomberg Brief,” Nancy Tengler, CEO and CIO at Laffer Tengler Investments, talked about the transformative role of Artificial Intelligence (AI) in technology and investment. Her insights, particularly on AI, are a testament to the technology’s burgeoning influence in the tech industry and beyond.
Tengler began by addressing the current state of the market, underscoring the potential for investment in technology, especially in AI.
“Customers turning in 25% earnings and revenue growth… if the stocks pull back, you want to step in and buy them,” she said. “The valuations are not frothy.”
Her analysis suggests a strategic approach to investing in AI-driven companies.
Discussing the broader tech landscape and AI’s role, Tengler added: “Across the board, these companies were robust prior to our enthusiasm around AI. It will be the marginal differentiation when they report.”
This perspective underlines AI’s significance as an incremental yet transformative force in technology.
Tengler’s expertise permeates through her strategic investment approach.
“I love that they put a co-pilot key on the keyboard, first change in decades,” she said, reflecting her appreciation for innovation and the practical applications of AI in everyday technology.
One of her most poignant observations was about Adobe, a company she admires for its utilization of AI.
“We call Adobe the unsung hero of AI because they do have a lot of use cases for AI in their models,” Tengler remarked. This statement not only underscores Adobe’s significant but often overlooked role in AI but also her keen eye for identifying potential in less obvious places.
Tengler’s interview revealed her deep understanding of AI’s impact on the tech industry and its potential for future growth. Her insights offer valuable guidance for investors and industry professionals alike, looking to navigate the rapidly evolving landscape of technology and AI. Her strategic approach to investment, coupled with her recognition of AI’s transformative power, positions her as a forward-thinking leader in the field.
Featured image: Credit: Bloomberg Brief
