Artificial intelligence (AI) represents a huge opportunity for companies and investors as it grows into a roughly $1.4 trillion market by 2029, a massive increase from its $387 billion size right now. To successfully tap into AI, there are three top companies that are worth buying right now: The Trade Desk (NASDAQ: TTD), Amazon (NASDAQ: AMZN), and Nvidia (NASDAQ: NVDA). If you're not familiar with The Trade Desk, the company has an ad platform that helps companies buy ads on the internet, television platforms, and mobile apps.
After falling for much of the week, the major stock market indexes were gaining ground early Thursday as investors digested the latest unemployment numbers. Last week's initial jobless claims suggest the Federal Reserve's campaign to combat inflation may finally be bearing fruit. Investors used that positive development as an excuse to buy up their favorite beaten-down tech stocks.
Shares of Nvidia have been soaring of late but this metric indicates that all is not well with the company.