Our Top 5 Gen AI plays for 2024!

Author

Avi Mash
December 03, 2023

Happy Sunday Pounders!

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As we stand on the cusp of a technological revolution, Artificial Intelligence is poised to be the dynamo propelling countless growth-oriented tech stocks into the stratosphere. In the next ten years, this groundbreaking innovation will not just be a breeze but a gale-force wind driving forward the ambitious and the adept. Join me as we embark on a journey through the top five companies perfectly positioned to harness the formidable power of this AI tailwind. Let’s unveil these market shapers and groundbreakers. Here are our top five picks for the decade ahead.👇

1. $SNOW (Snowflake)
• Generative AI Tailwind: Think about the sheer amount of data generative AI churns through. Snowflake's platform can facilitate this data interchange, and as generative AI models become more widespread, Snowflake can position itself as the primary hub for AI data processing. AI can enable Snowflake to deliver predictive analytics and real-time insights, making it indispensable for businesses. This fusion of AI and data processing can make Snowflake's offerings so unique that competitors will find it challenging to emulate, deepening their competitive moat.
• CY24 Revenue Estimates: $3.6B 

• CY24 Growth Estimates: 30% 


2. $MDB (MongoDB)
• Generative AI Tailwind:  As applications of generative AI grow, so does the need for storage of generated content, whether it's text, images, or other data forms. MongoDB's flexible structure is a dream for storing all the content AI generates, making it a top pick for developers venturing into AI. Infusing AI can allow for automatic data optimization, predictive storage needs, and self-healing databases. Such advancements can make MongoDB not just a database solution, but an intelligent data ecosystem, further distancing it from traditional database competitors and fortifying its moat.

• CY24 Revenue Estimates: $1.9B 

• CY24 Growth Estimates: 22% 


3. $PLTR (Palantir)
• Generative AI Tailwind:  Generative AI can aid Palantir in creating simulated data environments to test various scenarios, enhancing predictive analytics. This can be crucial for sectors like defense or finance, where real-world scenario modeling can lead to better decision-making. Palantir's integration of AI into its big data analytics can set a new standard for data intelligence.

• CY24 Revenue Estimates: $2.6B 

• CY24 Growth Estimates: 20% 


4. $DDOG (Datadog)
• Generative AI Tailwind:  Datadog's monitoring and analytics platform could utilize AI to offer predictive monitoring and auto-remediation. Imagine a system that not only identifies issues but predicts them before they occur and automatically rectifies them. This level of automation can set Datadog apart from traditional monitoring tools, deepening its competitive moat in the IT operations analytics space.

• CY24 Revenue Estimates: $2.6B 

• CY24 Growth Estimates: 22% 


5. $CFLT (Confluent)
• Generative AI Tailwind: Confluent's real-time data streaming platform can greatly benefit from AI-driven data optimization and predictive analytics. By integrating AI, Confluent can provide businesses insights not just on their current data streams, but predictions on future data trends. This forward-looking capability can make Confluent's platform a must-have for businesses, deepening its moat in the data infrastructure sector.

• CY24 Revenue Estimates: $942M 

• CY24 Growth Estimates: 23% 

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