The Rise of AI Stocks: A Promising Investment Opportunity
Artificial Intelligence (AI) has become a prominent and highly valued technology in recent times, leading to a surge in AI-related stocks. According to analysts at IBM, the AI industry, which was valued at $93 billion in 2022, is expected to grow by 40% to 80% over the next three years. In this article, we will explore the best-performing AI stocks and discover why investing in both AI and cryptocurrency can be a lucrative option.
Best Performing AI Stocks
Contrary to popular belief that massive profits can only be achieved through digital assets, AI stocks have also demonstrated significant growth. One notable example is NVIDIA, an American technology company known for its advanced graphics processing units (GPUs) and graphic cards. The value of NVIDIA’s stock has skyrocketed by an impressive 229% since the beginning of the year.
C3.ai stands out as one of the closest examples of a pure AI stock in the market. This American software company, founded in 2009, specializes in enterprise AI solutions for businesses. If you had invested in C3.ai on January 1st, you would have enjoyed a profit of 184%.
Furthermore, major technology companies like Alphabet, Microsoft, and Amazon are also key players in AI development and application. These giants have strong AI divisions and invest substantial amounts of money in this innovative technology. As of 2023, Alphabet, Microsoft, and Amazon have experienced respective growth rates of 51%, 39%, and 58%.
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AI and Cryptocurrency: Investing in Both
AI and blockchain technology are both emerging innovations with tremendous potential to revolutionize various aspects of our lives. The remarkable performance of AI-related stocks clearly demonstrates the rapid advancement of artificial intelligence.
For comparison, Bitcoin (BTC) has risen by 55% since the beginning of the year. This means that Amazon, C3.ai, and NVIDIA have provided higher returns in 2023 than Bitcoin.
If you want to ride the wave of AI hype and gain direct exposure to companies focused on this technology, you can trade all the mentioned stocks on eToro. This user-friendly trading platform allows you to invest in crypto, stocks, commodities, forex, and indices with low minimum amounts and no charges. Get started for free by creating an account through this link.