Artificial intelligence (AI) could revolutionize the world by automating tedious tasks, reducing errors, and generally increasing efficiency in the workplace and at home. That's why investors have been flocking to invest in companies that may benefit from this developing technology. In most cases, when we think of AI, we think of chipmakers or tech companies that power AI tools.

But one area that may be one of the biggest winners in the AI race is healthcare, which is a market set to reach $194 billion by 2030, according to Allied Market Research. AI could speed up drug development, produce better products, and improve surgical outcomes. So companies selling AI-based products and services could see their earnings and stock prices skyrocket.

As tempting as it may be, though, it's not a good idea to invest in companies just because they're working in this exciting field. Instead, it's important to look at a company's full picture and long-term prospects. Considering this, here's one healthcare AI stock to buy hand over fist right now -- and one to avoid.

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Source Fool.com