Artificial intelligence (AI) promises to improve productivity in many different industries, potentially doubling the output of the average knowledge worker by the end of the decade. Meanwhile, the falling cost of training AI models is making the technology ever more accessible. The intersection of those trends could trigger a demand boom in the coming years.

Indeed, Cathie Wood's Ark Invest says AI software revenue will hit $14 trillion by 2030, up from $1 trillion in 2021, as enterprises chase efficiency. Many companies will undoubtedly benefit from the boom, but (NASDAQ: MSFT) and Datadog (NASDAQ: DDOG) are particularly well positioned to capitalize on the growing demand for AI software.

Here's what investors should know about these AI growth stocks.

Continue reading

Source Fool.com