Artificial Intelligence Stocks to Watch in 2024

Summary:
In 2023, artificial intelligence (AI) stocks gained significant attention and investment. Two notable examples are C3.ai (NYSE: AI) and Upstart Holdings (NASDAQ: UPST), which recorded gains of 159% and 217%, respectively. As we look towards 2024, it is not too late to invest in these opportunities.

C3.ai, founded in 2009, was one of the first companies to provide AI products and services to businesses. They have developed over 40 ready-made and customizable applications to bring AI to at least 10 different industries. This has accelerated their customers’ adoption of the technology.

C3.ai’s revenue growth slowed over the last 18 months due to a shift from subscription-based deals to consumption-based deals. However, this change is expected to accelerate in the coming year.

Upstart Holdings, on the other hand, is a cloud-based artificial intelligence lending platform that uses machine learning to price and underwrite loans. The company has experienced significant growth and has partnerships with major financial institutions.

Both C3.ai and Upstart Holdings have strong fundamentals and are well-positioned for continued growth in 2024. Investors should consider adding these stocks to their portfolios for potential long-term gains.