As Artificial Intelligence (AI) Stocks Fall, Investors Should Consider Buying More of These 2 Powerhouses
Artificial intelligence (AI) stocks generally delivered outstanding gains to investors in 2023 and 2024, but due to factors outside their control, this year is turning out to be a more challenging one for them.Investors have shifted into risk-off mode of late due to the nascent trade war that was triggered by U.S. tariffs, which has many people concerned that a slowdown in the U.S. economy is imminent. The rising uncertainty and fear about the outlook explains why major AI companies have witnessed stock pullbacks of late even as they've been posting solid quarterly results.However, the long-term economic potential of AI means that the proliferation of this technology is likely to continue. Market research firm IDC predicts that AI could add nearly $20 trillion to the global economy by 2030. This is the reason why it may be a good idea to buy shares of some top AI players benefiting from the technology's growing adoption right now.Continue reading
Artificial intelligence (AI) stocks generally delivered outstanding gains to investors in 2023 and 2024, but due to factors outside their control, this year is turning out to be a more challenging one for them.
Investors have shifted into risk-off mode of late due to the nascent trade war that was triggered by U.S. tariffs, which has many people concerned that a slowdown in the U.S. economy is imminent. The rising uncertainty and fear about the outlook explains why major AI companies have witnessed stock pullbacks of late even as they've been posting solid quarterly results.
However, the long-term economic potential of AI means that the proliferation of this technology is likely to continue. Market research firm IDC predicts that AI could add nearly $20 trillion to the global economy by 2030. This is the reason why it may be a good idea to buy shares of some top AI players benefiting from the technology's growing adoption right now.
