Artificial intelligence (AI) is a fast-growing technology. The researcher IDC expects global spending on AI hardware and software to exceed $300 billion in 2024, doubling from what was spent in 2020. This is a top trend to be invested in through the next decade.
AI is already here and a big part of everyday life. Three companies worth buying in March with a hand in the development of the AI economy are NVIDIA (NASDAQ: NVDA) , Lam Research (NASDAQ: LRCX) , and Stitch Fix (NASDAQ: SFIX) .
NVIDIA is best known for its GPUs (graphics processing units) for high-end video game graphics. But the GPU pioneer has expanded at a rapid pace in recent years and is a crucial part of modern computing. AI in particular is a promising arena for the semiconductor designer .
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3 Top Artificial Intelligence Stocks to Buy in March