2 Top AI Stocks Ready for a Bull Run
Many tech stocks are flying high these days on digital wings of artificial intelligence (AI). But the rising tide is not lifting every machine-powered boat that deserves a boost. In particular, I think the market will come to its senses and see how machine learning will benefit The Trade Desk (NASDAQ: TTD) and (NASDAQ: TEAM) in the long run. They just haven't stated their AI case yet, leaving the stocks undervalued in the context of fantastic long-term business prospects.
As a service provider in the digital advertising space, The Trade Desk is wading through an industrywide downturn. That makes a ton of sense, of course. When people are clutching their purse strings tightly during an inflation-driven economic crisis, it stands to reason that ad buyers will slow down their marketing campaigns. Why spend big bucks on video ads online and in video-streaming services if no one is ready to buy stuff?
The turnaround is already underway. The Trade Desk's stock has gained 66% in 2023. There is less pressure from the government's anti-inflation moves now, and The Trade Desk is getting a little bit of help from the ongoing AI frenzy. The company never slammed the brakes on real-world revenue growth, either. The slowest year-over-year revenue growth since the inflation panic started clocked in at 21.4%. Lots of high-octane growth stocks would sell their own running shoes for that kind of growth -- in a healthy market.
Source Fool.com
