Artificial Intelligence (AI) Is Set to Drive Sizzling Growth in This Market: Here's 1 Stock That Could Win Big From This Emerging Opportunity

The proliferation of artificial intelligence (AI) is having a positive effect on multiple industries, and cloud computing is one of the markets where the adoption of this technology is helping companies mint a lot of money.From hardware suppliers such as Nvidia, whose chips are being used by cloud service providers (CSPs) to train AI models, to Oracle, whose infrastructure is being rented by companies to train models and deploy AI applications, several tech companies have seen a nice lift in their revenue because of this technology. However, there is another area within the cloud computing niche where the adoption of AI is expected to grow at a healthy rate in the future.According to market research provider Market.us, the adoption of AI in the observability space is set to increase at a compound annual rate of 22.5% through 2033, generating close to $11 billion in revenue at the end of the forecast period. Observability refers to the process of monitoring and analyzing the output, performance, and logs of a system. It is important because this process helps improve the reliability, security, and performance of applications.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool