The growth estimates for artificial intelligence (AI) and augmented reality (AR) are HUGE, with both projected to grow by tens of billions of dollars in the coming decade.
The AR market would be worth $70 billion by 2023, according to one estimate, and AI could be even bigger, with experts saying that the industry could soar from $21.5 billion in 2018 to $190 billion by 2025. That's an annual growth rate north of 30%!
Both AI and AR have massive opportunities in front of them because they are capable of touching any industry, from manufacturing to software, and everything in between.
In this video from our YouTube channel, analysts Seth Jayson and Jason Moser break down what investors need to know about these megatrends, and which AI and AR stocks are worth watching.
Chris Hill has no position in any of the stocks mentioned. Jason Moser owns shares of Apple. Seth Jayson owns shares of Twilio. The Motley Fool owns shares of and recommends Apple and Twilio. The Motley Fool has the following options: short January 2020 $155 calls on Apple, long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, and long January 2020 $150 calls on Apple. The Motley Fool has a disclosure policy.
This article was originally published on Fool.com