Last checked at 14 Jun 2023 11:10
Polar Capital Technology - Update from QuotedData
14th June 2023
Me, myself & AI
An inflection point in artificial intelligence (AI) - which combines computer science and datasets to enable problem-solving - is close to being reached. Major improvements in output and rapid adoption make the likelihood that it will become a general purpose technology - technologies that can affect an entire economy, like the computer and internet before it - and impact on all parts of everyday life an inevitability.
Polar Capital Technology's (PCT's) manager, Ben Rogoff, has a steadfast conviction in the all-encompassing potential of AI and has been positioning the portfolio towards AI winners, with the majority of PCT exposure now in companies that he believes will be AI beneficiaries.
It is estimated that between a quarter and two-thirds of jobs are exposed to AI automation, with a meaningful uptick in productivity and economic output expected as a result. A higher-than-usual cash position puts PCT in a good position to take advantage of volatility in the market and any buying opportunities that are thrown up in AI beneficiaries.
PCT's shares are currently trading at an excessively wide discount to net asset value (NAV) of 13.4%, which seems attractive given the substantial upside potential in the portfolio's exposure to AI beneficiaries.
Full Research:
https://quoteddata.com/research/polar-capital-technology-ai-qd/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: Marten & Co was paid to produce this note on Polar Capital Technology Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
QUOTEDDATA50 Gresham Street | London EC2V 7AYTel: +44 (0) 20 3691 9430
www.quoteddata.com | research@quoteddata.com | www.martenandco.com