The artificial intelligence (AI) sector is on track to become one of the most transformative and lucrative industries of the next decade, with a market size expected to hit $4.8 trillion by 2033. This rapid expansion reflects growing adoption across industries ranging from healthcare and finance to logistics and consumer tech.
Financial analyst Edward Sheldon has identified two growth stocks that could offer investors significant exposure to this booming market.
The first stock he recommends is Nvidia (NASDAQ: NVDA). Known for its powerful graphics processing units (GPUs), Nvidia has become a frontrunner in developing the hardware that powers most AI applications. The company’s GPUs are widely used in machine learning, data centres, and autonomous vehicle technologies. With increasing demand for high-performance computing, Nvidia is positioned to play a central role in the AI infrastructure market.
The second stock on Sheldon’s radar is Palantir Technologies (NYSE: PLTR). Specialising in big data analytics and artificial intelligence software, Palantir provides platforms used by government agencies and corporations alike for data-driven decision-making. As organisations increasingly turn to AI to interpret complex data sets, Palantir’s established software environment and expanding client base could drive significant revenue growth.
AI’s rising ubiquity in modern business practices, from automation to data insight, is fuelling investor interest in companies with direct relevance to the technology. While risks remain in such fast-moving industries, these two stocks represent opportunities for exposure to what could be a multi-trillion-dollar market within the next decade.
Investors should conduct thorough research and consider their risk tolerance before investing in any high-growth sector, but current trends suggest AI will continue to form a cornerstone of technological advancement and economic growth in the years ahead.
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