The rise of generative artificial intelligence ( AI ) is paving the way for a smarter future. Not only are workforces getting more efficient from an operational standpoint. But also they stand to bolster their growth rates over the medium- and, more importantly, the extremely long term.
It’s the long-lasting benefits that are most exciting when it comes to the top AI plays. Investors are watching those that are taking off right now, as well as those that have been long forgotten. In this piece, we’ll tune into three AI enablers (call them AI ambassadors) that stand out as longer-term AI winners.
But, they could continue to endure a great deal of volatility and uncertainty regarding their nearer-term AI trajectories. With modest multiples at writing, such names, I believe, will be well worth the wait for those looking for an AI stock to hold for the next five years or so. Snowflake (SNOW) Snowflake (NYSE: SNOW ) may be the most misunderstood AI play out there in recent quarters.
The stock is now down a jarring 46% off its 52-week highs of over $234 per share. A number of notable negatives and uncertainties have contribute to the Snowflake meltdown. The recent Snowflake data breaches , which reportedly affected many of its customers, also fuel the latest drawdown.
However, the good news is most negativity (and misunderstandings) surrounding the name seem mostly factored in at this point. Too many investors are laser-focused on the bad news, leading them to potentially miss .
