For three decades, investors have waited patiently for the next great innovation to rival what the Internet has brought to corporate America. Artificial Intelligence (AI) could be the one right now.
Artificial intelligence allows software and systems to perform tasks that would normally be done by humans. The key to AI's seemingly endless potential is the ability of software and systems to learn without human intervention. This gives the technology applications in nearly every area of the U.S. and global economy.
While growth estimates vary, the most notable prediction comes from analysts at PwC, who believe AI could add an estimated $15.7 trillion to the global economy by the end of the decade. With sums this huge, it's no surprise that Wall Street's smartest and richest money managers are flocking to AI stocks.
But what might be surprising is that leading AI company Nvidia $NVDA, which has gained nearly $3 trillion in market value since the start of 2023, has been one of the top selling…