Wall Street's hottest trend since the advent of the internet 30 years ago is bringing out some otherworldly price targets from analysts and money managers.
Beginning in the mid-1990s, the internet completely changed the way consumers and businesses interacted. Though it took time for this innovative technology to go mainstream and mature, the internet, ultimately, altered the growth trajectory for Corporate America in a positive way.
For three decades, Wall Street and investors have been eagerly awaiting the next leap forward in technology that would do for businesses what the internet did in the mid-1990s. After a long wait, artificial intelligence (AI) looks to be the answer.
The massive addressable market for AI stems from the ability of software and systems to learn without human intervention. This machine learning capacity can help AI systems become more efficient at their tasks, or potentially learn entirely new skills, over time.
The game-changing potential of AI isn't lost on Wall Street institutions, analysts, or money managers. Most pundits expect this revolutionary technology will make investors richer — but some price targets are more outsized than others.
Based on the prognostications of three Wall Street pundits, the following trio of widely owned AI stocks offer as much as 1,200% upside!
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