Artificial intelligence (AI) has captivated investors in 2023. Technology giants like Nvidia and have already unlocked enormous financial value from AI, and this revolution is still in its early stages.

But some companies have been developing these types of systems for years. Lemonade (NYSE: LMND), an insurance provider with technology at its core, is one of them. It relies on AI to run its entire business, from pricing premiums to interacting with customers, and it's having an incredible amount of success.

Lemonade stock is down by 89% from the all-time high it reached during the tech frenzy of 2021, but the company continues to grow rapidly by almost every financial metric. Here's why it's time to buy the dip.

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Source Fool.com