One forecast has business value derived from artificial intelligence hitting $3.9 trillion by 2022, reflecting an annualized growth rate of 40%. For investors looking to capitalize on the AI trend, however, there may be better picks than the stocks they tend to gravitate to for this purpose (the FAANG stocks). The portfolio manager cited in today’s article advocates looking to software companies that have “tremendous expertise in their specific industry, understand their customers’ businesses, and provide highly tailored solutions.” For three such stocks he is highlighting, CLICK HERE.
These Non-FAANG AI Stocks May Have More Bite
- by Bob Mitchell