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Artificial Intelligence (AI) could add $13 trillion to global GDP by 2030. And that's going to produce big gains for one of our top AI stocks.
While AI is becoming one of the hottest investment trends out there, few realize retail and logistics stand to gain the most from this growth.
Artificial intelligence is already in many of the businesses we interact with every day. Do you own a Roomba robot vacuum cleaner? It learns the layout of your house and keeps track of where it is to get every crumb that Fido left on the floor.
Facebook Inc. (NASDAQ: FB) uses AI technology to customize ads for each of its 360 million users. The users will see tailored ads based on the information they share with FB – age, locations, likes, and a host of other variables.
That's AI, and that's why AI stocks are going through the roof.
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Does your car park itself? It uses artificial intelligence to do so.
Are you looking for a job? Your resume likely goes through AI for prescreening.
Does your refrigerator keep track of its contents and order more of what you need? AI.
You get the point. AI is already here, and it will only see wider use in the coming years. Companies that adopt it will become more efficient. They will know when and how much inventory to have on hand for a streamlined operation. They will keep track of their customers and their changing demographic landscape.
Software will be able to crunch enormous amounts of raw data to find new efficiencies and trends hidden to the naked eye. It will even know when equipment will fail or how often to deliver heating oil to a building based on the weather.
Because AI technology is set to infiltrate almost our entire world as we know it, this is a huge growth industry. And it's giving one of our best AI stocks a 75% boost over the next year.
But that's only the beginning for this AI stock as we approach the $13 trillion growth mark in 2030…