3 stocks that are driving growth in the AI sector
The artificial intelligence sector has literally exploded in terms of growth in recent years. More and more investors are looking for opportunities to take advantage of this trend and share in the profitability of the companies that are most innovative in this area. Whether you're focusing on revenue growth rate, profit growth or expected future returns, some companies are standing out from the crowd due to their groundbreaking technologies and products.
So in this article, we'll take a look at three companies that are considered leaders in AI with high potential for further growth.
Nvidia $NVDA: Estimated annual revenue growth of 50.4%
It's no secret that Nvidia has become a key player in the AI field in recent years thanks to its advanced graphics chips. These chips are essential for training and running AI systems like ChatGPT, which launched in 2022. Analysts expect Nvidia to grow at more than 50% annually over the next three years, primarily due to increased demand for AI…