Raymond James also highlighted Nvidia among its top plays.

The firm views AI as integral to Microsoft's cloud strategy and a tool that can expand and build share in high-growth and profitable areas. 'As they say 'Nature Abhors a Vacuum' and generative AI stepped right into this void.' These are some of the AI-focused names Raymond James recommends betting on: Perhaps unsuprisingly, Microsoft made the list. 'Almost like magic, OpenAI commercializes ChatGPT, and investors find a magic elixir that will drive capital spending growth in the near term, and productivity growth in the long term,' said analyst Frank Louthan in a June note to clients. The Wall Street firm said AI is potentially the next 'productivity catalyst' for a lackluster macro backdrop and outlined its favorite stocks to play the trend. Personal Loans for 670 Credit Score or LowerĪrtificial intelligence may be the answer to a slowing economy, according to Raymond James. Personal Loans for 580 Credit Score or Lower

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