Interest in artificial intelligence (AI) applications jumped significantly over the past few months thanks to the massive popularity of OpenAI's chatbot ChatGPT. It's triggered an AI arms race between technology giants, which are now scrambling to develop their own AI applications capable of generating content such as images, videos, text, poetry, and code. Not surprisingly, the generative AI market is expected to boom over the next decade.
If you're just getting started on your investing journey, you might find these stocks especially interesting.
Stocks were moderately higher Tuesday, as investors contemplated the ongoing banking crisis and what it means for the broader market in the days and weeks to come. Market watchers temporarily shifted their focus to advances in artificial intelligence (AI) and how those developments might represent long-term opportunities for investors. With that as a backdrop, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) rose 3.1%, Palantir Technologies (NYSE: PLTR) rose 3.5%, and C3.ai (NYSE: AI) jumped 5.7% as of 1:47 p.m. ET on Tuesday.