3 Top Deep-Learning Stocks to Buy Now
Deep learning is a technique of machine learning in the field of artificial intelligence (AI) that is seeing explosive growth. Every major tech company globally is jumping on board, and the segment is booming.
While there is agreement that the size of the deep-learning market will be huge, there is no consensus on just how big it could become. According to a report by Persistence Market Research, deep learning will generate an estimated $4.8 billion by the end of 2017, and it will skyrocket to a massive $261 billion by 2027 -- a compound annual growth rate of 49%. Stratistics MRC calculated a market worth of $1.95 billion in 2016, which it expects to grow to $72.10 billion by 2023.
A market opportunity of that magnitude has attracted some of the foremost companies in technology, who are acquiring AI start-ups and ramping up R&D spending in order to increase their competitive position in a technology that is still in its infancy. Here's a list of some of the largest players in deep learning:
Source: Fool.com
Alphabet Inc. A Stock
With 166 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 339 € there is a slightly positive potential of 8.41% for Alphabet Inc. A compared to the current price of 312.7 €.
