Throughout history, technology has never advanced as quickly as it is right now. It's becoming harder than ever for investors to track the sheer number of innovative tech companies in the public markets, each offering its own unique vision for the future. But perhaps no technology is more transformative than artificial intelligence (AI), which is already being deployed to complete highly complex tasks in a fraction of the time that humans can. According to one estimate, up to 70% of companies worldwide will have integrated some form of AI into their businesses by 2030, adding $13 trillion in additional output to the global economy. There will be no shortage of opportunities in the sector over the next decade, but these two stocks might be a great place to start given they're trading at hefty discounts to their all-time highs amid the broader tech sell-off.

The stock market is currently on the roughest losing streak since the start of the pandemic in 2020. The broad S&P 500 index is down 19% from its all-time high, putting it within a whisker of bear market territory. But the tech-centric Nasdaq-100 index is already there, with a loss of 28.3% since November 2021. While the investment picture might be nerve-wracking for many investors, history suggests down markets always eventually recover, so this might actually be a great time to put some money to work. Here's one fast-growing stock leveraging advanced technology, and it's worth considering because it's trading at an 88.9% discount to its all-time high, despite the company being highly profitable.

Artificial intelligence (AI) and its subsectors like machine learning are set to transform the way we do business. Some companies are already leveraging these advanced technologies to carry out complex tasks instantaneously, removing the need for countless hours of human input. AI offers predictive capabilities unlike any tools we've seen in the past, helping organizations anticipate critical failures in their equipment, software, and overall processes. The AI industry had an estimated addressable market of $93 billion in 2021, but that's expected to soar tenfold to $997 billion annually by 2028. These five stocks can help you ride that explosive AI industry growth and turn it into stock price growth. C3.ai ( AI -9.82%) is a first-of-its-kind enterprise AI company.

Artificial intelligence (AI) promises to be one of the most transformative technologies of our time. It has already proven it can reliably complete complex tasks almost instantaneously, eliminating the need for days or even weeks of human input in many cases. The challenge for companies developing this advanced technology is building a business model that can deliver it efficiently since AI is a brand-new industry with little existing precedent. That's what makes C3.ai ( AI 1.65%) a trailblazer, as it's the first platform AI provider helping companies in almost any industry access the technology's benefits. C3.ai just reported its fiscal 2022 third-quarter earnings result, and it revealed continued growth across key metrics, further cementing the case for owning its stock for the long run.