From NASDAQ.: 2024-04-12 09:39:00

The global artificial intelligence market is projected to reach $1,811.8 billion by 2030, with companies implementing AI-based solutions like RPA and IoT. The AI in hardware market is expected to reach $25.96 billion in 2024, growing at a CAGR of 24.3%. Generative AI startups have attracted close to $50 billion in investments, with a focus on AI smartphones and PCs.

Tech stocks like NVIDIA, Twilio, Meta Platforms, and Zscaler are thriving in the AI sector. NVIDIA leads in AI hardware and software, launching the Blackwell platform. Twilio enhances its Flex platform with AI-driven features like Unified Profiles and Agent Copilot. Zscaler acquires Avalor to boost AI capabilities in its cloud security platform, while Meta Platforms tests Meta AI chatbot with WhatsApp, Instagram, and Messenger users.

The AI boom presents lucrative opportunities for investors as companies pioneer innovative AI solutions. Highest returns have been seen in Bitcoin, with Zacks predicting another significant surge in the near future. The increasing integration of AI across industries and daily life positions these tech companies for growth in 2024 and beyond.



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