HOW TO PLAY IT

Many valuable tech companies are hiding in plain sight, masquerading as stodgy industrial firms. The best way to play this trend is Schlumberger, the giant oil-well services conglomerate. Since 2017, it has been working with Google Cloud to build an oil-and-gas tech platform based on AI and software simulation. Executives believe Schlumberger can transition most of its 1,700 software clients to the digital platform over the next few years, creating new revenue streams. For the first nine months of 2021, free cash flow reached $1.7 billion, a gain of 95%. Shares could trade to $50 during the next 18 months, a gain of 56% from current prices.