Generative AI Software Spending Could Soar 6,260%: 1 AI Growth Stock to Buy Now and Hold Long-Term

This growth stock already has a strong presence in a niche portion of the CRM software market, but investments in generative artificial intelligence could further solidify its leadership.Bloomberg Intelligence estimates that generative artificial intelligence (AI) software sales will increase from $5 billion in 2023 to $318 billion by 2032, compounding at roughly 59% annually. Put differently, the generative AI software market could soar 6,260% over that time.Investors hoping to benefit from that colossal o ...