Attention, Bargain Hunters: These Top AI Stocks Are on Sale.
Artificial intelligence (AI) stocks have soared over the past couple of years, helping the S&P 500 roar into bull territory. The reason for all of the excitement? AI could be a game-changer, helping companies reduce costs, become more efficient, and even make major discoveries -- for example, in healthcare, pharma players might create better drugs faster.All of this could result in significant earnings gains for companies that got in on this story in its early chapters. Investors recognize this and realize that they, too, could set themselves up for a win by piling into the strongest players as the technology develops. That's why they've bought shares of companies making critical tools to power AI development or selling these products to others -- and players already applying AI to their businesses.The one negative point, though, is valuations of many surged, pushing them to levels considered expensive. As a result, some investors wondered if the AI buying opportunity was over. But I've got some good news for you today, especially if you're a bargain hunter. While recent market declines haven't been fun for anyone, they have accomplished one thing: They've pushed certain quality AI players into dirt cheap territory, creating a buying opportunity you won't want to miss. It's unlikely that even a period of headwinds such as economic troubles or government policies could derail the long-term prospects of these companies. After all, today's $200 billion AI market is expected to reach more than $1 trillion by the end of the decade.Continue reading
Artificial intelligence (AI) stocks have soared over the past couple of years, helping the S&P 500 roar into bull territory. The reason for all of the excitement? AI could be a game-changer, helping companies reduce costs, become more efficient, and even make major discoveries -- for example, in healthcare, pharma players might create better drugs faster.
All of this could result in significant earnings gains for companies that got in on this story in its early chapters. Investors recognize this and realize that they, too, could set themselves up for a win by piling into the strongest players as the technology develops. That's why they've bought shares of companies making critical tools to power AI development or selling these products to others -- and players already applying AI to their businesses.
The one negative point, though, is valuations of many surged, pushing them to levels considered expensive. As a result, some investors wondered if the AI buying opportunity was over. But I've got some good news for you today, especially if you're a bargain hunter. While recent market declines haven't been fun for anyone, they have accomplished one thing: They've pushed certain quality AI players into dirt cheap territory, creating a buying opportunity you won't want to miss. It's unlikely that even a period of headwinds such as economic troubles or government policies could derail the long-term prospects of these companies. After all, today's $200 billion AI market is expected to reach more than $1 trillion by the end of the decade.
