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The Upcoming AI Boom
My top 3 AI stocks to watch
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AI is set to infiltrate and disrupt nearly every industry on Earth.
And the world of tomorrow will never be the same.
Recent predictions put the global AI market cap at $1.8 Trillion by 2030, but I think this is bearish, it could be much, much higher. These are my top 3 AI stocks you should keep an eye on.
Let's get into it:
1. $TSLA
Tesla isn't a car company.
It's an AI company masquerading as a car manufacturer.
Self-driving vehicles are absolutely going to be a thing.
AI techniques generally get democratized, but the data is what sets models apart, and no one has better data than Tesla.
First will be the self-driving vehicles, then will be Optimus.
The amount of disruption these two innovations will cause is truly hard to grasp:
Warehouse management
Manufacturing
Shipping
Taxis
These are at the very core of the modern economy and are only the tip of the iceberg.
This alone makes me think $1.8 Trillion is extremely bearish.
2. $PLTR
Palantir's AI technology has been heavily leveraged to aid Ukraine in the fight against Russia.
Palantir's systems are designed to interact with classified documents, making it the perfect company to win big government contracts.
$PLTR recently launched its new Artificial Intelligence Platform back in April and had a monster Q2 with 13% year-over-year revenue growth and its third consecutive profitable quarter.
Loving these AI plays?
Make sure you deep dive into the fundamentals of each business!
Here’s an example with Adobe:
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3. $GOOGL
You know Alphabet Inc. had to make the list.
Google has been in the AI game for decades and has the resources to win.
AI is already embedded in most of the Google products you use, whether it's looking up movie times or suggesting the rest of your sentence in Gmail: AI is at Google's core.
They're rolling out new features to customers and are attracting more companies to their Google Cloud Platform.
Their Google Cloud AI's customer base increased 15X in Q2!
That's insane growth.
There you have it!
Keep an eye on these 3 companies in the coming years to get a piece of the AI boom.
Let’s get investing!
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