Here Is My Top Artificial Intelligence (AI) Stock to Buy in May (Hint: It's Not Nvidia)
Artificial intelligence (AI) has given the stock market a big boost in the past couple of years. Companies and governments around the globe have been rapidly adopting this technology thanks to its disruptive nature, especially considering the significant productivity gains that it is projected to deliver in the long run.Market research firm IDC predicts that each dollar spent on AI could generate $4.60 worth of value for the global economy in 2030. As a result, it won't be surprising to see the strong demand for AI hardware and software continue over the next five years. Nvidia has been one of the pioneers in the field of AI, as the company's powerful chips have allowed customers to train and deploy large language models (LLMs) and applications.Image source: Getty Images.Continue reading
Artificial intelligence (AI) has given the stock market a big boost in the past couple of years. Companies and governments around the globe have been rapidly adopting this technology thanks to its disruptive nature, especially considering the significant productivity gains that it is projected to deliver in the long run.
Market research firm IDC predicts that each dollar spent on AI could generate $4.60 worth of value for the global economy in 2030. As a result, it won't be surprising to see the strong demand for AI hardware and software continue over the next five years. Nvidia has been one of the pioneers in the field of AI, as the company's powerful chips have allowed customers to train and deploy large language models (LLMs) and applications.
Image source: Getty Images.
