1 Artificial Intelligence (AI) Growth Stock Down 66% to Buy Now and Hold Forever
Artificial intelligence (AI) has the potential to bring big changes to the global economy. Goldman Sachs says generative AI alone could increase gross domestic product by about $7 trillion over the next decade, and Ark Invest analysts believe the productivity gains from AI software could increase labor output by $56 trillion by 2030.
Many businesses will benefit from that trend. Some of them are obvious. For instance, Nvidia GPUs are synonymous with AI infrastructure, and the company is reinforcing its competitive position with AI cloud services. But some businesses will benefit in less obvious ways. (NYSE: SHOP) is a great example. The stock currently trades down 66%, but the company is well positioned to capitalize on the growing prevalence of e-commerce, and it's applying AI across its business to create value for buyers and sellers.
Here's what investors should know about this growth stock.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 25.33% for Shopify Inc compared to the current price of 59.84 €.
