RCS - Polar Cap Tech Tst - Update from QuotedData
25/06/2024 10:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240625:nRSY7761Ta&default-theme=true RNS Number : 7761T Polar Capital Technology Trust PLC 25 June 2024 Polar Capital Technology - Update from QuotedData 25(th) June 2024 AI caramba! Polar Capital Technology's (PCT's) manager remains all in on the artificial intelligence (AI) investment theme, having fine-tuned the portfolio towards the 'AI enablers' and 'AI beneficiaries' that it considers will outperform the wider sector over the long-term. 2024 is set to be a profound moment for AI and a showcase for the rapid rise in its use and capability - with several new large language model launches expected, including OpenAI's GPT-5. These launches will not only act as progress waypoints, but could also turbo-charge already-impressive adoption rates and help embed AI into everyday life. Technology company capital expenditure (capex) - one of the manager's most important data points for gauging future growth prospects - has ballooned, with the cloud hyperscalers (the collective term for the largest cloud companies such as Amazon Web Services and Microsoft Azure) revising up projections and sending a clear signal about the potential size of the AI market. With one of the largest technology investment teams in Europe and a private fund that has been dedicated to AI for almost seven years, PCT's manager's expertise ought to be reflected in the trust's rating, a discount to NAV of 6.7% seems attractive. Full Research: https://quoteddata.com/research/polar-capital-technology-ai-caramba-qd/ (https://quoteddata.com/research/polar-capital-technology-ai-caramba-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. NB: Marten & Co was paid to produce this note on Polar Capital Technology Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAFAMPTMTBTMFI