The global artificial intelligence (AI) market is poised to grow into a $1.4 trillion opportunity by 2029, up from around $387 billion now. Look no further than how Nvidia (NASDAQ: NVDA), The Trade Desk (NASDAQ: TTD), and Amazon (NASDAQ: AMZN) are using AI to propel their businesses and you'll see why these stocks look like good long-term AI bets. Nvidia has long been a leader in the semiconductor market with its graphics chips, but large tech companies also tap into Nvidia's chip know-how for their AI systems.
These rapidly growing businesses are performing much better than their beaten-down stock prices would suggest.
As bad as things might seem at the moment, the good news is that the bear market will eventually give way to the next bull run. Perhaps one of the best examples of that is The Trade Desk (NASDAQ: TTD). Can The Trade Desk navigate the macroeconomic headwinds that have dragged its stock down this year?