Artificial Intelligence (AI) Spend Is Soaring Toward $6 Trillion: 2 Perfect Growth Stocks to Buy Now, According to Some Wall Street Analysts
Artificial intelligence (AI) could accelerate digital transformation and unlock $6 trillion in online spend across several industries, according to a March report from Morgan Stanley. The impact could be particularly profound in areas like digital advertising and e-commerce, and analysts at the investment bank selected The Trade Desk (NASDAQ: TTD) and (NASDAQ: ETSY) as two companies "uniquely positioned to drive and benefit from the AI transformation ahead."
Here's what investors should know about these growth stocks.
The Trade Desk is the largest independent adtech company in the world. Its software leans on what management calls "industry-leading" AI to help ad buyers plan, measure, and optimize data-driven campaigns across digital platforms like connected TV, mobile, and desktop. The Trade Desk has differentiated itself through transparency and technological prowess.
Source Fool.com