Artificial intelligence (AI) is developing well beyond mere hype right now, as evidenced by the debut of consumer electronics giant Apple (AAPL) in the space. With widespread applications across key industries like automobile, healthcare, finance, and much more, AI is here to stay. According to this report, the global AI market is set to reach $1.34 trillion by 2030 from $214.6 billion in 2024, suggesting a CAGR of 35.7% through the end of this decade. Of course, the breathtaking rally in AI stocks over the last two years has resulted in concerns about overvaluation. Considering this, investme…