Forget Nvidia: Billionaires Are Dumping It and Piling Into These 3 Surprising Value Stocks Instead
For three decades, investors have been patiently waiting for the next great innovation to come along that would rival what the internet did for corporate America. The arrival of artificial intelligence (AI) might be just what the doctor ordered.
Artificial intelligence allows software and systems to oversee tasks that humans would normally undertake. The key to AI's seemingly limitless potential is that software and systems have the capacity to learn without human intervention. This gives the technology utility in pretty much every facet of the U.S. and global economy.
Though growth estimates are all over the map, the most eye-popping forecast comes from the analysts at PwC, who believe AI can add an estimated $15.7 trillion to the global economy by the turn of the decade. With dollar figures this immense, it's not a surprise that Wall Street's smartest and richest money managers have been piling into AI stocks.
Source Fool.com
