UPST - 2 Artificial Intelligence (AI) Growth Stocks to Buy for the Coming Bull Market
2023-06-15 09:02:37 ET
The S&P 500 fell into a bear market early last year, but the index recently surpassed the threshold that some investors see as the beginning of the next bull market. Specifically, the S&P 500 is up more than 20% from the bear market low it hit last October. However, the index is still down 10% from its all-time high, so some investors and analysts say the bear market has yet to end.
Regardless, history says the next bull market is on its way, and many artificial intelligence (AI) growth stocks could soar when economic conditions improve. According to Ark Invest, AI software revenue could increase by 42% annually through the end of the decade, and Upstart Holdings (NASDAQ: UPST) and Riskified (NYSE: RSKD) will likely benefit from that trend.
Here's what investors should know about these two AI growth stocks.
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2 Artificial Intelligence (AI) Growth Stocks to Buy for the Coming Bull Market