Investors faced a rough stock market in the last year, making it one of the toughest in history. But now, the market is coming off a disappointing year, and investors should consider falling forward into the emerging opportunities in artificial intelligence (AI) stocks. An increasing amount of data is being collected, and data-driven companies are more likely to reach their earnings targets than non-data companies. AI is incredibly good at sifting through data, and the emergence of ChatGPT has made it readily accessible, exploding to 100 million users faster than any consumer application technology ever.
Researchers predict that as early as next year, we’ll be using 8.4 billion AI-powered voice assistants, a remarkable feat in the emergence of AI. One significant AI application worth mentioning is AI-as-a-service (AIaaS) where we no longer need to process mass amounts of data locally, and can source data to the cloud instead. Advancements in technology have made it possible for AI to be used in focused ways, such as facial recognition. AI is set to change the world, and those who fall forward may just fall into the biggest investment opportunity of their lifetime.
If investors aim to fall backward, it’s the natural response, but if they aim to fall forward, they may fall into AI stocks that could soar thousands of percent over the next few years. The bullishness on AI is based on team analyses of the entire AI market, including company fundamentals and near-term technicals. With a Federal Reserve pause in the horizon, tech stocks, particularly AI stocks, could be in for a monster rally. Ready to fall forward?
