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Barchart
Pathikrit Bose

HISTORICAL FACTS: 5 ai stocks that still look undervalued - The Untold Story

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Artificial intelligence (AI) is developing well beyond mere hype right now, as evidenced by the debut of consumer electronics giant Apple (AAPL) in the space. With widespread applications across key industries like automobile, healthcare, finance, and much more, AI is here to stay. According to this report, the global AI market is set to reach $1.34 trillion by 2030 from $214.6 billion in 2024, suggesting a CAGR of 35.7% through the end of this decade.

Of course, the breathtaking rally in AI stocks over the last two years has resulted in concerns about overvaluation. Considering this, investment research firm Morningstar identified some of the AI stocks that still look undervalued, based on their analysis. Here are five of them.

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