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The artificial intelligence narrative has dominated Wall Street over the past two years, and for good reason. According to a report from Statista, the AI market is forecast to expand at a compounded annual growth rate of 27.7% between 2025 and 2030. This total addressable market for AI is forecast to grow from $243.7 billion in 2025 to $826.70 billion in 2030, making technology stocks in this disruptive space enticing bets right now.
Earlier this week, investment bank Wedbush identified Palantir Technologies (PLTR) as a top pick for the AI revolution in 2025. Wedbush expects Palantir’s AI platform to gain traction among commercial customers in the U.S. over the next 18 months. It also projects AI spending to account for 10%-15% of IT budgets this year as AI-powered capital expenditures could surpass $2 trillion in the next three years.
