Two AI growth stocks, up 101% to 339%, according to Wall Street | Technology and Business
|Two AI growth stocks, up 101% to 339%, according to Wall Street|
According to Wall Street, two AI growth stocks are up 101 percent to 339 percent
AI can generate trillions of dollars in value in all industries around the world.
Artificial intelligence (AI) is an innovative technology that can revolutionize the way businesses do business. According to some estimates, the AI industry could be worth $ 1.8 trillion by 2030, but that doesn't include the fact that big companies are using it to unlock- It is almost impossible to measure.
AI is already used in many industries, including financial services, insurance, energy, and technology. AI capabilities will improve over time, and as a result, some inventory may increase. Wall Street bets on these two AI stocks will yield 101% to 339% returns and may be added to the portfolio.
1. Nvidia: 101% implied upside
Data centers hold large amounts of information collected from end users in various industries. Nvidia can turn this into a hype for AI learning, gaining valuable insights from chaotic data that the average person can't interpret without manual analysis for weeks, months, or even years. increase.
One of the company's main goals is to accelerate the development of artificial intelligence through graphics chips, with a V100 data center graphics processing unit (GPU) as much as 100 central processing units (CPUs). Proven to be powerful. Whether you're developing self-driving car technology or trying to cure an illness, you can train your AI up to 32 times faster.
Nvidia's share fell 42% in sales in the large technology sector. Wall Street investment firm Needham believes it will double to $ 400 per share in the next 12-18 months. Nvidia generated $ 26.9 billion in revenue in 2021 and a high revenue of $ 4.44 per share, which is less risky than its peers in the tech industry, especially given analysts' forecasts after 2022. I am.
2. Lemonade: 339% implied upside
Dealing with the insurance industry can be very painful for consumers, especially when making claims. This often involves several calls to the insurance company and waiting weeks or months before the final payment is received. Lemonade (LMND -1.44%) is revolutionizing the customer experience with artificial intelligence. The use of that data can be more profitable in the long run than in other industries.
Maya, an AI-powered online bot for lemonade, most often communicates with customers without human input. You can create a quote in 90 seconds, evaluate it automatically, and pay your bill within 3 minutes. The results speak for themselves. More than 1.4 million people have joined lemonade, most of them leaving major insurance companies.
The company operates five insurance divisions: renters, homeowners, pets, life and automobiles. With more than 198 million policyholders, the US auto insurance market could be worth $ 316 billion by 2022. This is Lemmad's thriving hunting ground, adding 10 years of driver data to Lemnad's arsenal to accelerate market penetration with the acquisition of AI-powered insurance broker Metromil.
JMP Securities, an investment company on Wall Street, believes that lemonade will emerge as a strong business. Lemonade stocks could rise to $ 95 over the next 12-18 months, a premium of 339% higher than today's trading.