Nvidia supplies the best data center chips for artificial intelligence (AI) development, and with a market capitalization of $3.6 trillion, it’s now one of the largest companies in the world. There is still room for its stock to move higher, but investors who already own it might be looking for other AI names with growth potential.
C3.ai (NYSE: AI) developed a portfolio of over 130 ready-made applications to help businesses accelerate their adoption of AI. Upstart Holdings (NASDAQ: UPST), on the other hand, created an AI-powered lending algorithm that helps banks assess the creditworthiness of potential borrowers far more effectively than traditional methods.
Both companies have rapidly growing businesses and enormous addressable markets, so here’s why it might be a great idea for investors to add C3.ai and Upstart to their portfolios for the long term.