Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. It reaches millions of people every month through premium investing solutions, free guidance and market analysis on Fool. com, top-rated podcasts, and the non-profit The Motley Fool Foundation. The Trade Desk is the largest independent ad tech platform. Its differentiated AI and measurement capabilities contribute to its growth potential. This article offers opinions that may differ from The Motley Fool's Premium Investing Services. To access top analyst recommendations, in-depth research, and investing resources, become a member today. Investors showed great enthusiasm for Nvidia last year, driven by excitement about artificial intelligence (AI) in the stock market. Nvidia's share price surged 239%, earning it the title of the best-performing stock in the S&P 500 in 2023. Although Nvidia has continued to rise another 20% in 2024, Wall Street is now identifying more potential in other AI stocks. For instance, The Trade Desk has a median price target of $83 per share, implying a 20% upside. Similarly, Docebo has a median price target of $56 per share, signaling a 24% upside. Let's explore these two AI stocks further. The Trade Desk operates the largest independent ad tech platform for media buyers. Leveraging AI, its software enables advertisers to create, measure, and optimize campaigns across digital channels. The company dominates the connected TV (CTV) advertising market and is growing rapidly in offsite retail media.

Its independent business model, which avoids biasing ad spending or competing with publishers, has been a key factor in its success. Notably, The Trade Desk has formed significant partnerships, sourcing data and inventory from major CTV publishers and leading retailers like Walt Disney and Walmart. With its unique position in the market and strong performance, The Trade Desk is well-positioned to benefit from the projected 14% annual growth in ad tech spending through 2030. Docebo operates a learning management system that helps businesses create, deliver, and measure the impact of training content. It offers innovative applications, including Docebo Shape, which uses generative AI to automate content creation, and Docebo Flow, which embeds learning content into other software products for external use cases. Docebo has gained recognition for its leadership in learning management systems and has secured notable customers, including Amazon and likely Google. The company has also partnered with Google Cloud to enhance its generative AI product roadmap. With the learning management systems market expected to experience 20% annual growth through 2030, and Wall Street projecting 25% annual sales growth for Docebo over the next five years, its current valuation of 9 times sales appears quite attractive. Overall, patient investors with a long-term outlook may find value in these growth stocks. It's important to consider individual investment goals and conduct thorough research before making any investment decisions. Disclosure: John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is also a member of The Motley Fool's board of directors. The author of this article holds positions in Amazon, Nvidia, The Trade Desk, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Amazon, Docebo, Nvidia, The Trade Desk, Walmart, and Walt Disney.