Artificial
intelligence
has
been
the
subject
of
many
recent
conversations
about
investing
in
tech,
with
Nvidia,
Alphabet
and
Microsoft
grabbing
headlines.
For
investors
looking
to
diversify
their
holdings
,
one
stock
has
been
“[flying]
under
the
radar,”
according
to
Trent
Masters,
portfolio
manager
at
Alphinity
Investment
Management.
Masters
named
telecommunications
company
Motorola
Solutions
,
a
company
he
says
is
“a
very
beautiful,
solid,
public
safety-focused
business.”
“It
is
one
that
flies
under
the
radar,
but
a
business
that
we
like
a
lot
we
have
owned
for
a
while,”
said
Masters,
who
has
been
bullish
on
Nvidia
and
AI
in
general.
MSI
YTD
mountain
YTD
shares
of
Motorola
“When
people
think
about
Motorola,
they
do
think
about
the
phones,
but
it’s
a
fundamentally
different
business,”
Masters
told
CNBC’s
”
Street
Signs
Asia
”
recently.
“The
phone
business
is
pretty
much
long
gone
now
and
what
the
business
essentially
is,
is
a
facilitator
of
public
safety,”
he
added.
According
to
Masters,
“about
70%
of
the
business”
is
dedicated
to
Land
Mobile
Radio
(LMR),
“the
walkie
talkies
that
first
responders
use
to
communicate.”
The
rest
of
the
businesses
includes
its
video
security
and
building
command
center
units.
Masters
is
bullish
on
the
stock
–
with
Motorola’s
LMR
business
is
currently
in
an
upgrade
cycle
in
which
new
devices
are
charged
at
higher
prices,
he
said.
He
added
that
the
company’s
video
security
and
command
center
businesses
are
also
gaining
more
traction
in
the
market.
“You’ve
got
these
three
elements
backed
by
public
safety
[and]
government
spend.
That’s
an
area
of
the
market
[where]
even
if
you
do
think
that
the
environment
might
look
a
bit
sketchy,
the
clamps
don’t
really
come
on
in
terms
of
spend,”
he
added.
Put
that
all
together
and
you
have
a
“very,
very
strong,
high
quality
compounding
business,”
Masters
said.
“Results
continue
to
be
strong.
Just
a
compounding
winner,”
he
added
in
notes
sent
to
CNBC.
Masters
noted
that
AI
is
not
a
“key
driver”
for
the
company
and
is
not
a
pure
play
like
Nvidia
and
Microsoft,
though
he
says
there
are
some
“potential
gaps”
in
which
it
can
use
AI
to
“augment
growth.”
One
such
possible
use
would
be
in
Motorola’s
video
security
solutions,
where
Masters
noted
that
AI
would
help
identify
if
anyone
would
be
entering
a
school
carrying
a
gun,
and
“control
the
access”
into
the
school.
Traded
on
the
New
York
Stock
Exchange,
Motorola’s
shares
are
up
over
18%
year
to
date,
and
up
over
30%
over
the
last
12
months.
According
to
FactSet
data,
of
15
analysts
covering
the
stock,
nine
give
it
a
buy
or
overweight
rating
and
six
have
a
hold
rating.
The
average
price
target
on
the
stock
is
$376.38,
giving
it
slightly
downside
potential.
