Published on 31 Mar 2024 on Insider Monkey via Yahoo Finance
10 AI Stocks That Will Skyrocket
In this piece, we will take a look at the ten AI stocks that will skyrocket. If you want to skip our overview of the AI industry and all the recent developments, then you can take a look at the 5 AI Stocks That Will Skyrocket.
If we were to rewind the hands of time to 18 months back, not a lot of people would be hyped up about artificial intelligence. For the general public, the term would belong squarely to the realm of science fiction, and for those in the industry, AI becoming a worldwide phenomenon would appear to be a thing of the distant future.
Yet, with the first quarter of 2024 now over, AI is neither exclusively in the realm of science fiction and it is already a global phenomenon. The ball that started to roll with the debut of ChatGPT to the public in late 2022 and early 2024 has now sent chipmaker NVIDIA Corporation (NASDAQ:NVDA)'s shares soaring by a whopping 518% since the close of 2022. At the same time, dozens of companies claiming to use large language models to help users with their daily lives are now live. They are joined by others that are selling video and image generation software for an industry whose computing needs are thought to sit in billions, if not trillions of dollars.