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Barchart

Pathikrit Bose

HISTORICAL FACTS: Veritone up 160 ytd will this ai stock continue to surge - The Untold Story

Veritone VERI Nvidia Microsoft

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI's impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among investors.

However, with popular AI names such as Nvidia (NVDA), Microsoft (MSFT) and even new up-and-comers like Super Micro Computer (SMCI) dominating the headlines with their eye-popping rallies, you might have missed the breakout action in smaller, “undiscovered” AI stocks. Here's a look at one Russell 2000 Index (RUT) AI stock that has more than doubled in value this year.

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