It’s the battle of the Canadian tech stocks, with Shopify (TSX:SHOP) and Constellation Software (TSX:CSU) to be compared in this piece. Undoubtedly, the technology sector has endured more than its fair share of waves over these past few months. It’s been a choppy summer, and this newfound level of volatility may very well carry into the fall and winter months. Of course, much of the choppiness can be blamed on the high-flying generative artificial intelligence (AI) stocks.
AI projects are incredibly expensive, and there are still a ton of unknowns about what the endgame will be for the firms participating in this so-called race to AI supremacy. Will many of the racers even see a major jolt to their profitability?
As always, only time will tell, but in the meantime, I think that wise, deliberate bets on various AI initiatives seem like the most sound strategy. So, as AI strategies become commonplace, not just…
