Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.
For instance, fintech companies like Upstart Holdings (NASDAQ: UPST) and Riskified (NYSE: RSKD) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology.
Here's what you should know.
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Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold