2 Artificial Intelligence (AI) Stocks That Could Go Parabolic
Artificial intelligence (AI) has opened up terrific growth opportunities for companies in several industries. That's not surprising given the rapid adoption of AI in hopes of capturing long-term productivity gains. Ernst & Young's global strategy consulting arm estimates that generative AI could lift the global gross domestic product (GDP) by as much as $2.4 trillion over the next decade thanks to stronger productivity. As a result, it is not surprising to see why companies and governments across the globe have been pouring a lot of money into bolstering their AI infrastructure.That's why now might be a good time to take a look at two companies that already benefit from this growing AI-related demand. ASML Holding (NASDAQ: ASML) and Twilio (NYSE: TWLO) both got a nice boost thanks to their AI prospects, but their stock prices are seeing some short-term pressure. However, don't be surprised to see these AI stocks make a sharp move higher and go parabolic. A parabolic move refers to the rapid jump in the stock price of a company in a short period, identical to the right side of a parabolic curve.Twilio and ASML have enough catalysts in the bag that could send them soaring, both in the short and the long run. Let's take a closer look at why these two stocks are built for impressive upside.Continue reading
Artificial intelligence (AI) has opened up terrific growth opportunities for companies in several industries. That's not surprising given the rapid adoption of AI in hopes of capturing long-term productivity gains. Ernst & Young's global strategy consulting arm estimates that generative AI could lift the global gross domestic product (GDP) by as much as $2.4 trillion over the next decade thanks to stronger productivity. As a result, it is not surprising to see why companies and governments across the globe have been pouring a lot of money into bolstering their AI infrastructure.
That's why now might be a good time to take a look at two companies that already benefit from this growing AI-related demand. ASML Holding (NASDAQ: ASML) and Twilio (NYSE: TWLO) both got a nice boost thanks to their AI prospects, but their stock prices are seeing some short-term pressure. However, don't be surprised to see these AI stocks make a sharp move higher and go parabolic. A parabolic move refers to the rapid jump in the stock price of a company in a short period, identical to the right side of a parabolic curve.
Twilio and ASML have enough catalysts in the bag that could send them soaring, both in the short and the long run. Let's take a closer look at why these two stocks are built for impressive upside.
