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Discover the best AI stocks to invest in for 2024. Explore top long-term picks that promise growth and innovation in the tech sector
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Best AI Stocks Artificial Intelligence (AI) is set to contribute a staggering $15.7 trillion to the global economy by 2030. With India having the third-largest AI talent pool, the country is poised to play a significant role in the AI revolution. Investments in AI are surging, with India's AI market valued at $881 million in 2023, projected to grow at a CAGR of 30.8%. By 2025, India's AI sector is expected to be worth $7.8 billion, driven by advancements in the semiconductor industry. Top AI Stocks to Invest in 2024 1. Tata Consultancy Services (TCS) TCS is a global IT giant and a leader in AI innovation, o?ering digital and cloud services. With a market cap of ₹14,65,325 Cr and a one-year return of 19.9%, TCS is one of the top AI stocks to invest in. 2. Infosys Ltd. Infosys, a global IT services leader, has strong expertise in AI and digital transformation. With a market cap of ₹7,76,119 Cr and a one-year return of 36.7%, Infosys stands out in the AI sector. 3. HCL Technologies HCL Technologies excels in IT consulting and AI-driven solutions. With a market cap of
₹5,02,137 Cr and one-year returns of 50.2%, HCL is a major player in AI. Why Invest in AI Stocks? AI is transforming industries such as healthcare, banking, and retail, o?ering immense growth potential. Investing in AI stocks o?ers diversification across multiple sectors, as AI is applied across industries, creating opportunities for high returns.