1 Artificial Intelligence (AI) Growth Stock to Buy Hand Over Fist and 1 That You Should Steer Clear Of
On the heels of the worst economic downturn since 2008, things are finally starting to look up. Each of the major market indexes has recovered at least 20% from their recent lows. The only thing standing between Wall Street and the next bull market is the market indexes reaching new all-time highs.
Helping drive the rebound are recent advances in the field of artificial intelligence (AI) and the promise of vast productivity gains, though estimates vary wildly. Cathie Wood's Ark Investment Management estimates that AI could represent a $14 trillion opportunity by the end of the decade. More conservative predictions from Morgan Stanley and Goldman Sachs estimate the market opportunity at $6 trillion and $7 trillion, respectively, by 2030.
The potential for soaring profits isn't lost on investors, who have been scrambling to buy stocks best positioned to benefit from the accelerating adoption of AI. Unfortunately, not all AI stocks are created equal, and while buying some will be like minting money, others will be like setting your money on fire.
Source Fool.com
