From Nasdaq:

Artificial Intelligence (AI) is more than just a buzzword, it’s a game-changing technology that’s already impacting every industry. Companies like Nvidia saw huge gains in stock, benefitting from AI investments. Other companies, like Block and Lemonade, are using AI to shape their businesses in 2024.

Block has re-focused on its core activities, including payments and small business solutions, and is leveraging foundational AI services to improve efficiency. Despite being unprofitable, Block is a steady growth driver and could take off this year.

Lemonade uses AI to disrupt the traditional insurance industry, aiming to achieve net profitability by 2025 by improving loss ratio and efficiency in onboarding new customers.

Before investing in Block, consider that Motley Fool’s Stock Advisor team has other stock picks, but Block has not been included. The Stock Advisor service has had significant returns since 2002, so this should not be ignored. Jennifer Saibil has positions in Lemonade, and The Motley Fool has positions in and recommends Bitcoin, Block, Lemonade, and Nvidia.



Read more: 2 Top Artificial Intelligence (AI) Stocks to Buy in January