This Adtech Company Is My Favorite Artificial Intelligence (AI) Stock. Here's Why

Ever since OpenAI unveiled what appears to be the next step in the artificial intelligence (AI) revolution with its large language model ChatGPT-4 chatbot nearly a year ago, just about every tech company out there has been laying a claim to an AI connection in the hopes of attracting some of the heightened interest around this technology.

By now, most investors have some level of awareness regarding the AI strategies of big tech companies like the "Magnificent Seven." As a result, those strategies are largely priced into those stocks already. For example, Nvidia's shares have soared this year as it's seen skyrocketing demand for its AI-related products. And has gained in part from its partnership with OpenAI.

Rather than chase stocks that are already valued at more than $1 trillion, investors who are looking to get the biggest returns from AI might be better off focusing on smaller companies. One that looks particularly appealing is Perion Network (NASDAQ: PERI), a fast-growing Israeli adtech company best known for its intelligent hub that connects ad buyers and sellers, optimizing pricing and placement for both parties. But Perion just announced a new AI that could help it penetrate a multibillion-dollar ad market.

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Source Fool.com