From Nasdaq: 2024-04-15 10:25:00

Zacks.com analysts feature top A.I. stocks for 2024 including Microsoft, NVIDIA, Twilio, Meta Platforms, and Zscaler. AI market projected to reach $1,811.8 billion by 2030 with a CAGR of 37.3%. Companies implementing AI-based solutions like RPA and IoT. AI in hardware market poised to reach $25.96 billion in 2024, with a 24.3% CAGR.

Investments in AI-related startups reach close to $50 billion since 2023. Major players like Microsoft and Google heavily investing in GenAI technology. Gartner estimates that 22% of all PCs and basic and premium smartphones will be GenAI by the end of 2024. AI pioneers experiencing significant growth.

NVIDIA, a leader in AI technology, partners with Indonesia’s PT Indosat Ooredoo Hutchison. Launches Blackwell platform for real-time generative AI models. Twilio enhances its Flex platform with new features like Unified Profiles and Agent Copilot. Zscaler acquires Avalor to strengthen its platform with cutting-edge AI capabilities. Meta Platforms tests Meta AI chatbot with WhatsApp, Instagram, and Messenger users in the US, India, and Africa. Launches Code Llama to generate and discuss code.

Investors eyeing potential growth in the AI sector in 2024 should consider NVIDIA, Twilio, Zscaler, and Meta Platforms. Companies offer innovative AI solutions across multiple industries. With increasing integration of AI into daily life, these companies are well-positioned for growth. Top stock-picking strategies at Zacks have seen average gains of +44.9%, +48.4%, and +55.2% per year since 2000.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Microsoft, NVIDIA, Twilio, Meta Platforms and Zscaler