Zonavalue forecasts that the areas of the healthcare sector that apply AI will experience the greatest evolution in the markets over the next few years. The compound annual growth rate of AI is twice that of the technology sector.
Artificial Intelligence will grow at a compound annual growth rate (CAGR) of 40.2% in stock market in the period 2021-2028, according to Grand View Research forecasts published by Zonavalue, the Spanish marketplace specializing in advice, training and selected financial products.
Artificial Intelligence is one of the most disruptive topics in recent years and one of the most interesting for investors.which has led to the continuity of the in stock to the rally that technology companies have experienced in recent years. The prospects for Artificial Intelligence have been boosted by the firm commitment of technology giants and other tech companies to make these processes more accessible within their business models. From the accessibility of databases to progress in deep learning, the implementation of neural networks, etc.
However, Zonavalue anticipates that the areas of the healthcare sector that apply AI will be the ones to experience the most important developments in the markets over the next few years. Robotic-assisted surgery or preliminary diagnostics and imaging already frequently apply this knowledge, which means that it has a great deal of ground to cover and an advantage over other sectors in which AI is at a less mature stage and is taking its first steps. This is why experts see the sector as the one that will experience the greatest growth up to 2028.
Precisely, according to data from the firm, the good prospects for companies that have opted for this technology, not only in the healthcare sector, have translated into a strong stock market boost. Its benchmark index, the Stoxx AI Global Artificial Intelligence, is trading at record highs thanks to an advance of more than 42% in the last twelve months and will continue to rise over the next few years, according to market consensus forecasts.
The advantage of de-correlation
Artificial Intelligence also has another feature that further highlights its attractiveness: its decorrelation with respect to technology companies. Future developments, if forecasts are fulfilled, will exacerbate the disparate trend between the two sectors, since the potential of AI is double that of the main 'tech' companies.
In this context, as an example of its performance, Zonavalue compares the situation experienced in recent months in the technological Nasdaq100 and the Stoxx AI Global Artificial Intelligence. While the former has barely increased in value since February 2021 by 1% following the ups and downs of the Covid-19 health crisis for the markets, the Stoxx AI Global Artificial Intelligence is up 15% after experiencing a similar trajectory since the beginning of the epidemic.