The AI Revolution Is Just Beginning: 3 Hot AI Stocks to Buy in the Second Half of 2023 and Hold Forever
There's simply no way to ignore what's going on in the world of artificial intelligence (AI). The recent advancements in generative AI and large language models (LLMs) -- which underpin next-generation chatbots -- went viral, sparking interest from consumers and the investing public alike.
Yet, despite the hype, the vast opportunity appears genuine, and even conservative estimates are breathtaking. After crunching the numbers, TD Cowen analyst John Blackledge called it a "monumental shift," concluding that spending on generative AI software will reach $81 billion by 2027, a compound annual growth rate (CAGR) of 190% over five years.
Long-term investors looking to get in on the AI gold rush should focus on industry leaders with proven track records that will benefit from AI in the back half of 2023 and beyond.
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.
