Generative AI Software Sales Could Soar 6,260%: My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia) [Yahoo! Finance]
Docebo Inc. - Common Shares (DCBO)
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Source: Yahoo! Finance
speech, images and video, even computer code and gene sequences. Nvidia (NASDAQ: NVDA) CEO Jensen Huang recently called it "the defining technology of our time." Indeed, automating content creation could improve productivity across numerous industries, so businesses are racing to realize the benefits. Bloomberg Intelligence says generative AI software sales could soar 6,260% to $318 billion by 2032, up from $5 billion in 2023. That puts investors in front of a massive opportunity. For many, Nvidia may be the first stock that comes to mind. But I think little-known software company Docebo (NASDAQ: DCBO) is the better buy right now. Here's why. Nvidia: The early winner from the generative AI gold rush Nvidia pioneered accelerated computing, a discipline that uses specialized hardware and software to speed up demanding applications like artificial intelligence (AI). Its graphics processing units (GPUs) have become the gold standard in AI infrastructure. "Nvidia's chips underpin a
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News
- Learning Management System Market size is set to grow by USD 44978.02 mn from 2023-2027, adoption of ngdle in the academic sector to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Docebo Inc. (NASDAQ: DCBO) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $65.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Docebo Inc. (NASDAQ: DCBO) had its price target lowered by analysts at Scotiabank from $65.00 to $50.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Docebo Inc. (NASDAQ: DCBO) had its price target lowered by analysts at National Bankshares, Inc. from $65.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Docebo Inc. (NASDAQ: DCBO) had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
DCBO
Sec Filings
- 5/10/24 - Form 6-K
- 5/8/24 - Form 6-K
- 4/5/24 - Form 6-K
- DCBO's page on the SEC website