3 Lesser-Known AI Stocks to Add to Your Watchlist

Artificial intelligence (AI) stocks have been on an absolute tear in 2023, fueled by the widespread usage of tools like ChatGPT, paired with ambitious industry forecasts. AI is expected to be a megatrend, according to Statista, as the total addressable market is forecast to increase from less than $100 billion in 2021 to $1.75 trillion in 2030.

Familiar big-cap tech names like Nvidia (NVDA), Microsoft (MSFT), and Meta Platforms (META) are among the more high-profile stocks that have dominated the AI story in 2023. But there are many smaller companies still flying under the radar - and some of them are worth a closer look for investors who are looking to add exposure to this disruptive industry.