This Tiny Canadian A.I Stock Could be the Next Nvidia
By: Iain Butler
Motley Fool Canada recommended Nvidia in 2019 and locked in a 490% return… find out why we think this tiny Canadian A.I. stock could be the next Nvidia!
Industry insiders believe we are in a “critical inflection point” for artificial intelligence…
In fact, “Big Four” consulting firm PwC says A.I. could be setting up a downright wealth explosion to the tune of $15 TRILLION dollars by 2030.
To put that into perspective… this potential new wealth that could be up for grabs over the next few years alone is:
- About 30x the total Canadian government spending in 2024.
- About 5x the market cap of Apple, the world’s largest publicly traded company.
- And about 3x the value of ALL the stocks listed on the Toronto Stock Exchange.
And this potential tidal wave of cash could be unleashed much sooner than you might think.
After all, when ChatGPT was released last November, it reached a million users… in 5 DAYS!
And 100 million users in the first two months — 100x faster than the iPhone.
That’s just to give you a sense of the breakneck speed at which A.I. is advancing.
It’s no wonder that some of the richest and most informed people in the world are racing to win the A.I arms race as we speak…
- “Our single largest investment is in advancing A.I.” says Mark Zuckerberg.
- “A.I. is the most profound technology humanity is working on today,” says Sundar Pichai, CEO of Google parent Alphabet.
- A.I. is “every bit as important as the PC or the internet” says Bill Gates.
Heck, even Warren Buffett himself recently said that “A.I. can change everything in the world.”
All of these facts have many investors rightfully wondering…
“What’s the best way to get MY CUT of this $15 trillion opportunity?”
If that’s you…
Then I think you’ll want to hear about the tiny TSX-traded stock that the Motley Fool Canada team just published a detailed BUY recommendation report on.
Because this AI-powered company is…
- A remarkable growth story with revenue up 5x in the past 6 years
- Profitable and sitting on a war chest of cash with zero debt
- Buying back its own stock
The Motley Fool Canada investing team was early to Nvidia, recommending it in February 2019 and locking in a whopping 490% return in just a few short years.
This under-the-radar Canadian stock is 3,000x smaller than Nvidia, and we think we might be early to a big winner once again.
The Bottom Line
5 years from now, this tiny Canadian company could be the one A.I. stock you wished you had in your portfolio.
Now’s your chance, because today, we’re giving away our full stock report at no additional cost to new Motley Fool Stock Advisor Canada members.
If you’re ready to learn more about this disruptive Canadian stock, enter your email address below to get started.