The artificial intelligence sector is experiencing a significant market rally, driven by companies investing heavily in advanced technologies. Grand View Research forecasts a staggering 36.6% annual growth rate for AI through 2030. While giants like Nvidia dominate headlines, smaller, lesser-known stocks like Innodata and others are emerging as potential outperformers. Innodata has consistently exceeded Nvidia's year-to-date and five-year performance metrics, posting remarkable revenue growth and increasing profit margins. As the market evolves, these undervalued stocks could offer significant potential for investors willing to look beyond the major players.
Innodata helps process data for large language models, positioning it as a 'picks and shovels' stock for the generative AI trend, suggesting significant growth potential.
The AI industry is in its early stages with expected continued growth at 36.6% annually until 2030, opening doors for lesser-known stocks with high upside.
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