Morgan Stanley’s 15 Best European AI Stocks

Page 11 of 15

5. RELX PLC (NYSE:RELX)

Number of Hedge Fund Holders: 15

RELX PLC (NYSE:RELX) provides information-based analytics and decision tools for professional and business customers. It operates in the United Kingdom. The firm has demonstrated robust financial performance in recent years, significantly driven by the strategic integration of AI across services. A substantial portion of this growth is attributed to AI-powered analytics. In the first half of 2024, the company reported a 10% increase in adjusted operating profit, reaching £1.58 billion, with revenues climbing to £4.64 billion. CEO Erik Engstrom highlighted that this success stemmed from a strategic focus on advanced analytics and decision tools. The company’s commitment to AI is further evidenced by its digital transformation, with 84% of revenues now derived from digital sources.

Page 11 of 15