AXA: The AI Winner Valued as a Value Stock with a P/E of 10

The first phase of the AI rally belonged to infrastructure stocks, namely the manufacturers of chips, network components, and data center technology. The interesting question is in which industry AI will pay off next. I see insurers as the next beneficiaries. Data mountains meet an aging workforce Hardly any other industry has as much structured data as insurance, as claims reports, policies, risk profiles, and customer correspondence have been systematically recorded for decades. At the same time, a whole generation will soon be retiring from...