Software Is the Next Big AI Opportunity: 1 AI Stock Highly Recommended by Wall Street to Buy Now

Goldman Sachs divides the artificial intelligence (AI) boom into several different phases. The first centers entirely around semiconductor company Nvidia. The second centers around infrastructure companies like Microsoft and Amazon. And the third centers around software companies.In a recent interview, Ben Snider at Goldman Sachs told CNBC that hedge fund managers began transitioning toward AI software stocks in the third quarter. "Funds shifted a little bit away from "Magnificent Seven" stocks and toward software," he said, "and this was really the first quarter where we saw that."The phases will ebb and flow, so there is plenty of time to invest in chipmakers and infrastructure companies. However, now is also a good time to start building positions in AI software stocks. Datadog (NASDAQ: DDOG) checks that box, and Wall Street is overwhelmingly bullish. Of the 45 analysts following the company, 91% rate the stock a buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool