Why is OpenAI overrated
The 10 Artificial Intelligence Stocks to Watch Out For
What opportunities do AI stocks offer traders?
There are numerous advantages for traders who trade artificial intelligence stocks as the technology continues to expand and more companies rely on artificial intelligence.
The global Artificial Intelligence market size was estimated at $ 27.23 billion in 2019 and is projected to reach $ 266.92 billion by 2027, representing an average annual growth rate (CAGR) of 33.2% over the forecast period (source: Fortune Business Insights ).
The continuous research and innovation directed by the technology giants is driving the adoption of advanced technologies in industrial verticals such as automotive, healthcare, retail, finance and manufacturing. However, technology has always been an essential element for these industries, but AI has put technology at the heart of organizations. From self-driving vehicles to life-saving medical equipment, AI is built into virtually every device and program.
Though AI once occupied the fascinating but far-flung sector of the market, the best artificial intelligence stocks to buy today routinely use techniques like machine learning and neural networks as a core function of their business. Millions of consumers interact directly or indirectly with artificial intelligence every day via virtual assistants, facial recognition technology, gaming platforms, chatbots, card applications and a wide variety of other software. However, this is only the beginning and the profit potential of this area can hardly be overstated. From the big tech players to new age software platforms and advanced chip makers, here are some AI companies that are making massive use of artificial intelligence.
What makes AI attractive to investors is its wide reach. Many investors often associate AI with robotics because some related ETFs mix both themes - but AI is more, much more. AI extends to rapidly growing markets including automation, autonomous vehicles, natural language processing, and even social media.
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