Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

The Artificial Intelligence (AI) Market Could Soar 820% by 2030: 2 AI Growth Stocks to Buy Now and Hold Long-Term

TheMotleyFool 
0 0 09.03.24
The Artificial Intelligence (AI) Market Could Soar 820% by 2030: 2 AI Growth Stocks to Buy Now and Hold Long-Term: https://g.foolcdn.com/editorial/images/768193/growth-20.jpg
 

Artificial intelligence (AI) spending across hardware, software, and services totaled about $200 billion last year, according to Grand View Research. But that figure is expected to soar 820% to exceed $1.8 trillion by 2030. In other words, the AI market is forecast to compound at 37% annually through the end of the decade.

Many companies will benefit from that rising tide, but Cloudflare (NYSE: NET) and ServiceNow (NYSE: NOW) stand out because they have strong footholds in relevant markets. Additionally, both stocks trade at reasonable valuations compared to Wall Street's growth expectations.

Here's what investors should know.

Continue reading


Source Fool.com

Now Inc. Stock

€13.70
-2.840%
A loss of -2.840% shows a downward development for Now Inc..

Show more
Like: 0
NET
Share

Comments

Not a member yet? Sign up for free!