Berenberg backs “picks and shovels” sector exposure incl. AI trades
Berenberg said the sector has been supported by structural investment themes, including AI “picks and shovels” exposure, alongside ongoing operational improvements and steady M&A interest.
Berenberg said sector has been buoyed by exposure to structural investment themes - including AI—linked "picks and shovels" trades - alongside ongoing operational improvements and a steady flow of M&A interest, even as sentiment swings have driven sharp intra—year volatility.The German bank said it…