Reported 10 days ago
A recent report by Bain & Company predicts that the AI-related market for hardware and software could grow between 40% and 55% annually, reaching up to $990 billion by 2027. This optimistic forecast follows a period of skepticism about AI stocks, particularly Nvidia, which struggled to regain its earlier highs. Despite mixed signals in the market and slower revenue growth for software companies, experts believe we are just at the beginning of the AI spending cycle, with small to large enterprises increasing their investments significantly.
Source: YAHOO