A Bull Market Is Coming: 1 Supercharged AI Growth Stock to Buy Hand Over Fist Before It Soars 223%, According to Wall Street
There's a compelling argument that 2023 will go down in history as the year artificial intelligence (AI) came of age. The ability of generative AI to eliminate repetitive tasks, summarize data, and even simplify code writing has businesses scrambling to profit from the promise of increased productivity.
Experts are still probing the potential represented by AI, and estimates vary wildly. "AI should increase the productivity of knowledge workers more than fourfold by 2030," predicted Cathie Wood, CEO of Ark Investment Management. The company's Big Ideas 2023 report estimates that "If [AI] vendors were to capture 10% of [the] value created by their products, AI software could generate up to $14 trillion in revenue ... in 2030."
Because of the potential for significant gains, investors are searching far and wide to uncover candidates positioned to benefit from the AI gold rush. This is especially true for stocks whose prices are still reeling from the downturn. As a result, analysts are remarkably bullish about the prospects of one former high-flyer and investor favorite. In fact, if Wall Street has it right, this stock could soar as much as 223% over the coming 12 to 18 months.
Source Fool.com
