Most wanted stocks of 2024: Fund managers bullish on these 3 AI companies

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Subscribe to enjoy similar stories. Artificial Intelligence (AI) stocks are capturing significant attention in global markets, underscoring the technology's rising importance across diverse industries. With capabilities ranging from creating professional headshots to generating engaging content, AI's potential appears limitless.

Unlike many trends that may fade, AI is positioned to remain a transformative force in the market. As the appetite for AI technology continues to grow, top Indian AI stocks are beginning to gain traction. Despite a recent pullback in the market, investors have reaped considerable rewards over the past year.

Domestic equity fund managers, leveraging insights from previous market cycles, are adopting a more cautious approach. They are fine-tuning their strategies and implementing various risk management techniques to build robust portfolios anticipating more challenging market conditions. In this article, we will examine three AI stocks that have consistently been favoured by mutual fund managers.

These stocks have witnessed a steady rise in mutual fund holdings over the last four consecutive quarters since September 2023. Mastek provides comprehensive services to modernize data, automate processes, and implement AI-powered solutions. The company focuses on decomplexifying data, simplifying architectures, and maximizing data-driven decision-making capabilities.