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Discover top AI companies worth investing in & profit from the sector's anticipated growth from $142.4bn in 2022 to around $1.8tn by 2030. With Alphabet, NVIDIA, Microsoft & more at the forefront of AI, read on to see the best options investors need to consider before buying AI stocks.
Investment analyst Luke Lango recommends investing in Symbotic, a small-cap AI company that specializes in end-to-end warehouse automation and has secured a deal with Walmart. This potential 10-fold return on investment is a promising opportunity for investors, but caution is advised as the company's current stock price may not be sustainable. Keep an eye on Symbotic for future growth potential.
Investors looking to capitalize on the AI trend have more options than just Nvidia. Twilio, trading at a low multiple of just 3 times sales, and TSMC, the world's largest pure-play semiconductor foundry, offer affordable yet promising possibilities for growth in the AI market. Twilio's Studio visual application builder and TSMC's dominance in chip production make them attractive investments for the growing demand for AI applications.
Nvidia's share price doubled in the past year, with 40% gains in the last month due to AI advances. Despite high valuation, it presents affordable investment options.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?