3 Top Artificial Intelligence Stocks to Buy in July

Over a decade ago, a nebulous idea called "the cloud" started to gain momentum. Using the internet to deliver a service to a remotely located user was a novel concept, but today, it's an essential piece of the economy. Artificial intelligence (AI) is likewise an important but oft-misunderstood technology. It's still developing, but it promises to create a new segment of the economy based on the automation of simple tasks and raw data crunching. Researcher IDC estimates that some $37.5 billion was spent globally on AI systems in 2019. That's not a particularly large sum, but IDC thinks that figure could roughly triple by 2023.