Working the stock market is a data game. Getting the best information, in a timely way, and knowing how to use it, are keys to success. So, here are some numbers to think about. According to industry market research, artificial intelligence companies and products are on the verge of explosive growth. The AI market was valued at $9.5 billion in 2018, over $27 billion in 2019, and is projected to exceed $250 billion in 2027.
AI refers to the use of data to simulate human intelligence processes including learning, reasoning and self-correction by machines.AI is making its way into almost every industry. Data collection and collation, automation systems from factories to self-driving cars, even online shopping site they all benefit from AI applications.
And this has not been ignored by Wall Street. Analysts say that plenty of compelling investments can be found within this space. With this in mind, weve opened upTipRanks database to find two AI stocks that have gotten the seal of approval from 5-star analysts, stock pros rated among the top 3% of their peers. Lets find out why they recommend these two AI plays.
Veritone, Inc. (VERI)
The first AI stock we're looking at is Veritone, a software company whose flagship product, an AI-powered operating system called aiWARE, allows the user to coordinate machine learning models and integrate disparate data sources including audio and visual into actionable intelligence results. The system boasts an open architecture, and has been applied in the entertainment, government, legal, and media sectors.