Over the years, AI has made significant progress. AI today is not just a massive scientific discipline that is being used in a variety of other verticals, but also a marketplace that is highly profitable, moving past other sectors rapidly.
At present, companies of all sizes, from large to mid-size are striving for breakthroughs in AI. AI is slowly but steadily making a significant impact on many verticals. Today, AI has not just gained popularity among technology enthusiasts, but it is also catching the sight of a lot of investors.
In this article, we are going to look at the topmost verticals in AI that are ripe for investment.
Self-Driving Cars Are Going To Be Mainstream
AI has found and marked its presence in some of the solid verticals. However, the sector of self-driving cars is something that is gaining a lot of traction with AI playing a major role. Companies like Tesla have started a revolution with its cars, and now more and more companies are coming into the scenario.
According to a source, the global self-driving cars and trucks market size is expected to be approximately 6.7 thousand units in 2020 and is anticipated to expand at a CAGR of 63.1% from 2021 to 2030. It would bring billions to the industry in the next few years. So lately, if you were wondering about investing in AI but was little sceptical about the decision, then don’t worry, self-driving cars industry is a great choice to make your investment.
The Prices Of Stocks Haven’t Yet Skyrocketed
Even though AI is rapidly becoming mainstream, there is still room for advancement and innovation. Meaning, the companies across the world are still working to make AI a go-to technology for people and this has kept the stocks of the AI companies at a place which isn’t very high or very low. Innovations and new products will keep coming, and this is without a doubt one of the prime reasons why it is a good time to buy AI stocks.
According to a report by PwC, the Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional $15.7 trillion. Meaning, this is going to be the biggest commercial opportunity in today’s fast-changing economy.
Small Companies Are Riding The AI Wave
With the skyrocketing popularity of AI in different other verticals, other small and mid-sized companies have also started to leverage the power of AI to solve other problems. Also, it is not only the existing companies that are doing this, but new companies dedicated to AI are also entering the market. The AI industry is all about making AI available to each and every and every person. The industry is booming, opening doors of opportunities for the investors to make some handsome profit.
The Rise Of Semiconductor Industry
According to a source, in 2017 at the NVIDIA investor day, the company stated that the estimated total market value for semiconductor accelerators used for deep-learning training and inference applications could reach $26 billion by 2020. Meaning, the need for AI in the semiconductor industry is going to reach a significantly high level and making the domain more profitable. So, if are someone who is looking to invest an on AI stocks, here is one more reason for you to go with your decision.
AI Is Driving Big Investment
If you look at some of the hottest and under the radar stocks to buy in AI stocks market, marquee names like Alphabet, Amazon, Nvidia, Microsoft over the years have built strong reputations, with their innovations and products to the betterment of the human race. Currently, these firms sit on the list of hottest AI stocks to buy. So, it’s definitely a good time for investors to buy at least one AI stocks.