Prediction: 2 Small-Cap Artificial Intelligence (AI) Stocks That Will Be Investor Favorites by 2030
Artificial intelligence (AI) has triggered an arms race among America's largest technology companies, which are spending billions of dollars on development and also investing heavily in start-ups. Why? Because the estimates for this technology's financial potential are mind-boggling, even at the low end.
Research firm McKinsey Company predicts AI will add $13 trillion in output to the global economy by 2030, thanks to its ability to make the workforce more productive. Cathie Wood's Ark Investment Management places that figure at a whopping $200 trillion.
While investors are (wisely) betting on trillion-dollar tech giants like Microsoft and Nvidia to profit from AI, there is also an abundance of opportunity at the smaller end of the stock market. Below, I'll examine two AI stocks worth under $5 billion and have plenty of potential.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 111 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 13.28% for Microsoft Corp. compared to the current price of 374.3 €.
