This fintech company should benefit as artificial intelligence software sees broader adoption in the coming years.
Experts believe artificial intelligence (AI) will have a profound impact on business productivity in the coming years. AI will accelerate software development, automate factory operations, and streamline workflows for employees across virtually every industry. To that end, Ark Invest estimates that AI software revenue will grow at 42% annually to reach $14 trillion by 2030.
Fintech Riskified (RSKD 3.17%) is one of many companies that could benefit from that trend. Its market capitalization is currently $965 million, but that figure could easily grow five-fold over the next decade given the tailwinds behind AI adoption and e-commerce. At that pace, $200,000 invested in the stock today would be worth $1 million by 2033.
Read more here: https://www.fool.com/investing/2023/03/06/1-stock-could-turn-200000-into-1-million-in-decade/
