Ignore the Hype: 3 No-Brainer Stocks to Buy Now to Benefit From the AI Revolution
There's simply no way to ignore what's happening in artificial intelligence (AI). The recent advancements in generative AI and large language models (LLMs) -- which gave birth to next-generation chatbots -- have set off a firestorm of interest from consumers and investors alike. This has since taken on a life of its own, and the hype cycle is currently shifted into overdrive.
Yet even amid the hype, the opportunity appears vast. Even the most conservative estimates are stunning. TD Cowen analyst John Blackledge has crunched the numbers and concluded that spending on generative AI software will top $81 billion by 2027, representing a compound annual growth rate (CAGR) of 190%.
For those looking to benefit from the AI gold rush without betting the farm, here are three companies with proven track records that provide investors with plenty of upside.
Source Fool.com
Toronto-Dominion Bank Stock
Our community is currently high on Toronto-Dominion Bank with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 86 € shows a very positive potential of 59.79% compared to the current price of 53.82 € for Toronto-Dominion Bank.
