The market for artificial intelligence as a whole was estimated to be worth $328.34 billion in 2021. By 2029, the market is projected to have increased from $387.45 billion to $1.394.30 billion. 2020 saw a roughly 150% increase in demand for AI due to the COVID-19 pandemic. According to a Morgan Stanley analysis, major corporations will likely invest in robotics, clean energy, artificial intelligence, and software innovation. These technologies’ costs are rapidly falling, which suggests that over the next several hundred thousand dollars, products and services incorporating these technologies will be significantly less expensive. The advancement of biotechnology and pharmaceuticals is being advanced through the application of artificial intelligence. Coupa Software Incorporated, Autodesk, and DocuSign are a few of the top AI stocks to purchase right now.
Insider Monkey highlights the list of the 10 best artificial intelligence stocks to buy. The corporate headquarters of CCC Intelligent Solutions Holdings Inc. are located in Chicago, Illinois. The business specializes in digitizing and streamlining crucial AI-enabled procedures. In contrast to its prior projection of $763 to $771 million, CCC expects revenue for FY 2022 to be between $773 and $777 million. A New York-based business called UiPath Inc. provides an end-to-end automation platform with a focus on robotic process automation solutions. The platform combines desktop recording, back-end mining of user and system logs, and logical visualization capabilities. It also incorporates artificial intelligence. The Colorado-based company, Palantir Technologies Inc., develops AI-enabled software solutions for the American intelligence community’s terrorism investigations. It is one of the most well-known AI stocks and comes in at number 10 on our list of the top AI stocks to purchase. The California-based company, Alteryx, Inc., offers solutions for process automation and data analytics. The revenue is anticipated to increase by between 55% and 57% year over year, or between $191 million and $194 million. A corporation with its headquarters in Pennsylvania called EPAM Systems, Inc., offers software development and engineering services for digital platforms. The company’s 3- and 5-year non-GAAP EPS CAGR of 27% and 26% demonstrate its ability to scale and sustain strong profitability. For more details, click the 12 best AI stocks to buy now.