If you had to choose a theme for 2023 (besides maybe Taylor Swift), it would definitely be artificial intelligence (AI).

The technology has taken the world by storm, with countless companies restructuring their businesses to prioritize AI development. The AI market was valued at $137 billion last year, and Grand View Research suggests that it will expand at a compound annual rate of 37% through the end of the decade. At that point, the market should exceed $1 trillion in annual revenues.

Given those optimistic outlooks, bullish investors have rallied to the companies with the most potential in the industry, sending the Nasdaq-100 index soaring by 65% year to date. But even with that bull run behind us, it's not too late to add an AI stock to your portfolio and profit from the industry's long-term growth.

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Source Fool.com