Artificial intelligence (AI) swept investors into a frenzy in 2023. It all started with Microsoft‘s $10 billion bet in January on generative AI start-up OpenAI, which develops the famous ChatGPT online chatbot. Then in September Amazon invested $4 billion in OpenAI rival Anthropic.
But those trillion-dollar tech giants weren’t the only ones scooping up AI assets. Everyday investors identified several small-cap AI stocks with explosive potential throughout the year, including C3.ai (NYSE: AI) and Upstart Holdings (NASDAQ: UPST). Those stocks recorded gains of 159% and 217%, respectively in 2023, and 2024 could bring more upside.
Here’s why it isn’t too late to buy into those opportunities in the new year.
1. C3.ai’s revenue growth is set to accelerate
Founded in 2009, C3.ai was one of the first companies ever to provide AI products and services to businesses. Today it has developed over…
