Despite being present everywhere Artificial Intelligence is a relatively new concept, and at times a subject that can be controversial. Paul Mampilly recently produced a video where he talked about AI, explaining how AI-generated data gives people a path to follow which leads them towards application for the real world, and also explained why AI stock are going to start rising high in the following years.
Paul Mampilly recognizes that Artificial Intelligence is changing things in a very quick fashion, and that businesses needs to adapt if they don’t want to be left behind. He observed that AI is already skyrocketing to the top. Gardner, a consulting company, stated that AI is adding $1.2 trillion of value in 2018, and they think that AI will add $3.9 trillion by the year 2022. McKinsey, a consulting and research company, stated that AI would generate across 19 industries $3.5 to $5.8 trillion.
During 2018’s Total Wealth Symposium, Paul Mampilly recommended 3 AI stocks. The best-performing stock that he recommended is up 145%, taking it 11 months to climb to that height. The second stock he recommended is currently up 86%, with the third one being up 29%. As a comparison, during the same amount of time it took the first stock to climb 145%, S&P rose by 16%. Mampilly considers that AI will continue its trajectory through 2020, and that investors need to look into AI stocks even though they might not be known by the general public. Despite the fact that there are several small stocks on the market does not mean they do not have great potential, according to the investor.
About Paul Mampilly:
Mampilly is an influential figure in the world of finance. He holds a BBA in Finance and Accounting, and an MBA in Finance, earned from Montclair State University and Fordham Graduate School of Business respectively. He worked on Wall Street for Bankers Trust as an assistant portfolio manager, and during his career he managed to master the art of investing. He managed Kinetics Asset management, a $6 billion hedge fund, and won a competition organized by the Templeton Foundation during the financial crisis of 2008 and 2009.
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