by Ian Cooper

The artificial intelligence market will be worth billions, if not trillions.

According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion. All while the technology massively disrupts everything about everything.

On top of that, generative AI could add between $2.6 trillion and $4.4 trillion a year to the global economy. That’s according to a new McKinsey report, which also said it could have a significant impact across all industry sectors.

That being said, investors may want to consider AI-related stocks, such as:

Nvidia (NVDA)

Weakness has become an opportunity in Nvidia. After running from about $150 to $500 this year, Nvidia pulled back to about $453 thanks to the broad market pullback, but now it’s one of the top tech stocks to buy on the dip. 

Helping, earnings should remain solid with NVDA a leader in everything tech-related, such as artificial intelligence (AI) and machine learning. Most recently, it announced adjusted EPS of $2.70, which came in above expectations for $2.08. Revenue jumped 101% year over year to $13.5 billion, which was also above expectations for $11.2 billion. 

For the current quarter, the company expects to see revenue of about $16 billion, which is also ahead of expectations. NVDA also announced plans to buyback $25 billion in stock. Even better, Goldman Sachs just added Nvidia to its conviction buy list thanks to the AI gold rush.

With a dominant role in AI, NVDA could be a top beneficiary.

Apple (AAPL)

Applecould easily double – even triple. All as it attempts to catch up with generative AI companies, like Alphabet, Microsoft, and Amazon.

According to Bloomberg, Apple will spend about $1 billion a year developing generative AI products just to catch its competitors. Granted, the company uses AI in some of its products, but it hasn’t launched a generative AI product like OpenAI, for example.

Even better, at a recent Apple event, the company introduced the next phase of Mac computers, which hint at a more AI-future, as noted by CNN.

“The focus of the event, which featured the tagline ‘scary fast,’ was Apple’s new custom-made M3 chips, the M3, M3 Pro and M3 Pro Max. These processors promise faster computing and graphics and longer-lasting battery life, but can also better support advancements with artificial intelligence because they’re made with 3 nanometer technology,” they added.

Global X Robotics & Artificial Intelligence (BOTZ)

Or, if you want to diversify among top AI names, at less cost, you can always invest in an ETF like the Global X Robotics & Artificial Intelligence (BOTZ).

With an expense ratio of 0.69%, the ETF invests in companies that could benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles.

Some of its top holdings include Nvidia, Intuitive Surgical, SMC Corp.,, Upstart, Sound Hound AI, and ABB Ltd. to name a few of the top ones.