From household names like Meta (META) to relative unknowns like Nebius Group (NBIS), the managers of the top-performing, $2.4 billion Alger Focus Equity Fund (ALZFX) are investing in the artificial intelligence industry from every angle.
While AI stocks fell along with the rest of the stock market earlier this year in the wake of President Donald Trump’s trade war, the portfolio managers of the Alger Focus Equity Fund are unperturbed. This year’s volatility hasn’t dimmed their belief in the importance of AI, both now and in the years ahead.
We asked the Alger Focus Equity Fund’s managers to identify five stocks—two stocks that have paid off for the fund, one that has underperformed, and two others of their choice. All five stocks are a play on AI, but each offers a different angle on this major trend.
This post originally appeared at Morningstar.