Is Ai a good investment in 2023?

Artificial intelligence has been with us for a long time, but it came more into focus with the release of ChatGPT and a plethora of similar apps in late 2022. These apps can write reports, sort through data and find better ways of doing many tasks. This created a surge in AI-related stocks in 2023 that is continuing in 2024.

Will AI affect stock prices in 2023?

In early 2023, some small companies have seen rapid increases in their stock prices after being mentioned in any kind of AI-related news. In January 2023, for example, BuzzFeed (BZFD) saw its stock price soar more than 85% the day after the publication of a news report about a partnership with OpenAI to develop an AI-powered article writer.

Is Palo Alto Networks (PANW) a good AI stock for 2024?

Palo Alto Networks Inc (NASDAQ:PANW) is another stock in the list of Wedbush’s top AI and tech picks for 2024, according to the firm’s report published in December 2023. In addition to Salesforce Inc (NYSE:CRM), Alphabet Inc Class A (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT), PANW is a top AI stock pick.