3 Artificial Intelligence (AI) Stocks That Could Go Parabolic

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3 Artificial Intelligence (AI) Stocks That Could Go Parabolic

The rapid growth of the AI market has led to significant stock surges, with Nvidia's shares skyrocketing 2,760% over five years. Despite some investors hesitating to chase these gains, several overlooked AI stocks are poised for substantial growth. Three notable stocks include Innodata, MicroStrategy, and Lumen Technologies, each with unique growth trajectories driven by AI advancements.

Innodata has transformed from a slow-growth IT services company to a powerhouse in generative AI, expecting revenue growth of up to 92% in the coming year. MicroStrategy, while known for its Bitcoin holdings, is also venturing into generative AI, which could stabilize its software business. Lumen Technologies, despite past struggles, is leveraging AI connectivity deals to potentially revitalize its stock performance.

• Innodata's revenue is expected to soar by 88% to 92% in 2024.

• MicroStrategy integrates generative AI into its existing data applications.

• Lumen's AI connectivity deals could revitalize its stock performance.

Key AI Terms Mentioned in this Article

Generative AI

Generative AI refers to algorithms that can create new content, which Innodata is leveraging for growth.

AI Connectivity

AI connectivity involves integrating AI capabilities into existing systems, as seen in Lumen's recent deals.

EBITDA

EBITDA stands for earnings before interest, taxes, depreciation, and amortization, used to measure Innodata's profitability.

Companies Mentioned in this Article

Innodata

Innodata has shifted focus to generative AI, significantly boosting its revenue and profitability.

MicroStrategy

MicroStrategy is integrating generative AI into its software offerings while holding substantial Bitcoin assets.

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