Tech Expert Gene Munster Says Microsoft, Google Will Continue To Move Higher Amid AI Boom

Gene Munster has a long track record of investing in innovative tech companies like Apple and Tesla. Munster is bullish the artificial intelligence space and says  Microsoft Corp MSFT and Alphabet Inc GOOG GOOGL will continue to grind higher amid the AI boom.

Munster Talks AI On 'Closing Print': Munster joined PreMarket Prep’s "Closing Print" show with Joel Elconin Thursday afternoon and spoke about his views on different tech companies with exposure to AI.

Munster Plays AI With Google: Munster’s firm, Deepwater Asset Management, is not invested in Microsoft, but Munster says that he still has good exposure to AI through the firm’s Google holdings. 

“The pace that [Microsoft] is embracing these [AI] tools is commendable and I think investors will be rewarded,” Munster said. “The reason that we do not own it [Microsoft] is that we think we can have a similar type of exposure by owning Google through a lower valuation.”

Google and Microsoft have been in an AI battle since the launch of ChatGPT a few months ago. Google released Bard in early February, its version of an AI chatbot, and the market was not impressed.

In fact, Google’s market cap lost more than $100 billion following the rocky release of Bard. But, since then, Google’s stock has been on a tear and is up more than 20% from that point in early February. 

Munster also spoke about the strength in Microsoft’s cloud business, Azure.

Azure is one of Amazon’s main competitors when it comes to cloud computing and is growing faster than Amazon’s AWS. 

Deepwater Asset Management's Gene Munster, left, with Joel Elconin of "PreMarket Prep." Benzinga file photo by Dustin Blitchok.