- Cadence Design Systems as a proxy for the semiconductor stack;
- SAP, Intuit and Workday as our risk-off picks, backed by a combination of enterprise-heavy client bases and resilient, non-discretionary revenue streams;
- Datadog, Twilio and ServiceNow as risk-on plays, owing to their consumption/ usage-based pricing models that lead to poorer earnings visibility, especially in conditions of economic volatility; and
- Alibaba Group Holding, Horizon Robotics and RoboSense Technology Co for exposure to China — a market too important to ignore when it comes to AI and robotics innovation.
Following last week’s coverage on agentic artificial intelligence (AI) as an emergent theme across both the tech and enterprise landscapes (see “What’s agentic AI, and how will it affect you and your investments?”, The Edge, May 12), this week we present the final list of stock picks for Tong’s AI Portfolio. While many companies on the longlist had strong merits, not all made the final cut — because, as always, price matters. This, for instance, explains the omission of cybersecurity names, despite being earmarked as a pivotal industry in the AI revolution.
Broadly, the portfolio selection has been structured around four categories:
