10 Best AI Stocks under $50
While the Covid-19 pandemic has taken a toll on many sectors worldwide, the Artificial Intelligence (AI) industry continued to thrive despite the downturn amid rising sales, adoption of AI technology across businesses, and growing demand for the use of technology in easing COVID-19’s propagation. In a survey from consulting firm Deloitte in 2020, 68% of the respondents invested more than $20 million in Artificial Intelligence. Roughly 81% of the respondents posted a positive return on AI investments in 2 years.
Artificial Intelligence is one of the world’s fastest-growing markets, with an estimated annual revenue growth of over 17% year over year in 2021. In 2020, annual revenue was forecast to hit $37.9 billion with a five-year CAGR of 18.4%.