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Top 5 Stocks Leveraging AI (SA Quant) [Seeking Alpha]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Companies worldwide invested $153.85B in AI in 2023. The AI-centric tech solutions industry is expected to reach $300B in 2027, including $55.7B from GenAI. Non-tech stocks stand to gain from AI, with machine learning and artificial intelligence enhancing products and services, boosting productivity, and streamlining operations. SA's Quant Team selected five stocks leveraging AI, including two tech firms and three manufacturing companies, up on average ~45% in the past year and +16% YTD, with solid momentum, profitability, and growth factor grades. The International Data Corporation (IDC) is projecting the AI solutions market to reach $300B by 2027, including $55.7B in generative artificial intelligence. The Artificial Intelligence (AI) frenzy helped the S&P 500 reach record highs in Q124, with over one-third of companies in the market index citing "AI" on earnings calls. According to FactSet , these same companies also saw a better average 1Y stock price performance than compa
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