Can “On Premise to Cloud” Create Growth for PTC Stock?

If artificial intelligence (AI) will transform our world, then that means software being used to model the physical world around us will soon be dramatically improved. Generative AI product designers will conceptualize things humans could never dream of. Everything will become better.

Companies that provide software used to build physical objects often enjoy the boring label of “computer-aided design” or CAD that harkens back to pre-dot-bomb days. The peer group of companies dabbling in this space would probably fall under the “digital transformation” label – software that’s used to describe the physical world and perhaps create digital twins for various industries. The below chart, though rather dated, provides us with a list of companies dabbling in this space, most of which are steering clear of AI hype.

And that’s a good thing. Behind all the recent hype around AI is an opportunity to discover companies which might benefit from AI that aren’t so obvious. Today, we’re going to look at one such name (perhaps) that originally came across our radar for entirely different reasons – PTC Inc. (PTC). Here’s what we said about them five years ago.