“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”
June 5, 2024
“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity…
Alphabet shares trade at a reasonable valuation
Going forward, digital ad spending is forecasted to grow at 15% annually through 2030, and the cloud computing market is projected to expand at 21% annually during the same period. Wall Street analysts anticipate slower sales growth of 10.5% annually from Alphabet, but that leaves room for upside depending on how successfully the company monetizes generative AI across its advertising and cloud computing businesses…”
https://finance.yahoo.com/news/generative-ai-sales-could-surge-084800927.html
This is a yahoo reporters pick not mine. Just saying that to stop confusion.