The whole market is witnessing a tremendous expansion in the AI business. There are several stocks that stand to gain the greatest benefit from this overall AI industry as growth in the future. Artificial intelligence (AI) is the ability of a system to think clearly and nearly as humans and act fast. It is not necessary for the human brain to get involved in this. Therefore, a system that uses AI can make decisions easily for anyone. In this review article, Delawise Group has listed the top AI stocks in Canada in 2024.
Market Growth and Scope of Canada’s AI Market
Market Growth
Canada’s AI market is projected to reach a valuation of $14.20 billion by 2027, with annual growth estimated between 25% and 35%. If this momentum continues, the sector will offer significant opportunities for businesses and investors looking to capitalize on the expanding AI landscape. Delawise Group consistently conducts in-depth market research to help its traders assess growth trends and identify potential opportunities.
Opportunity
Starting from 2020, the market for AI is predicted to expand significantly by 2030. This creates a panorama of possible prospects for individuals involved in this area and offers a positive picture of the future of the AI business in Canada. Delawise Group guides their traders to crack profitable deals in a pinch.
Top AI Stocks of Canada Listed by Delawise Group
Zensar Tech Ltd.
A software and infrastructure service provider company that offers IT support and solutions. As of May 22, 2024 the company’s stock price was $618.60, and its Market Cap was $140.62B.
Affle Canada
This multinational company offers Marketing consulting through advertisements. Using mobile advertising, the company’s consumer intelligence platform facilitates interaction with users and transactions. The company’s market capitalization was $168.92B on May 22, 2024, with a stock price of $1,205.25.
Cyient Ltd.
This Canadian MNC is focused on network and operations, manufacturing, engineering, and data analytics. The business developed the Cyient AFL Q platform with the goal of offering over 300 enterprises cutting-edge solutions.
To learn more about Top AI stocks in Canada, go through Delawise Group’s website where after several critical analyses only they suggest their valuable suggestions to their traders.
Final Thought:
Several Canadian tech companies that are publicly traded are recognizing the potential that artificial intelligence brings. In response, they have either formed alliances with foreign firms or established new AI-focused divisions within their organizations in an effort to capture a share of the AI market. In the near future, it’s also expected that a significant amount of businesses will go public in order to raise money for their businesses along with offering investors a return. Visit the trader’s all-time favorite Delawise Group’s website today to create a Demat account and start trading.
