Top 5 Artificial Intelligence Stocks: For Smart Investors

As you already know that AI is a rapidly evolving industry with many opportunities for companies to carve out a niche. According to experts, most businesses will use AI by 2030. This means that AI is contributing more than $13 trillion to the global economy. So, today in this blog, we will discuss the top 5 Artificial Intelligence Stocks that smart investors should buy. 

Shocking Fact – Artificial intelligence will add 15.7 trillion dollars to the world’s GDP by 2030, increasing it by 14 percent.

As a result, those who are interested in investing in artificial intelligence stocks will gain a lot from it. Here are five of the best artificial intelligence stocks that you should invest in at this time. But before this, let’s first know what artificial intelligence is. 

An Overview of Artificial Intelligence?

Artificial intelligence (AI) is a type of computer technology that enables machines to mimic human thinking and problem-solving abilities. It can be used to automate tasks like detecting security threats in images or creating personalized music playlists based on a user’s preferences.

Interesting Facts About Artificial Intelligence (AI)

• Traditional journalism will be replaced by robot journalism.
• AI can detect the emotion of a person in the future.
• Artificial Intelligence has the ability to recognize people by their voice. 

Here are the top 5 Artificial Intelligence Stocks that you should buy. 

Top 5 Artificial Intelligence Stocks That You Should Invest In 2023

Here are the top 5 artificial intelligence stocks that may double in 2023.

1. Nvidia (NVDA)
2. Amazon (AMZN)
3. International Business Machine (IBM)
4. Microsoft Corporation (MSFT)
5. Alphabet (GOOGL)

1. Nvidia (NVDA)

The first on our list of best artificial stocks is Nvidia (NVDA). The market capitalization of this company is about 406.54 billion USD.

About:

Nvidia is the leading and world’s best graphics chip company. As a result, Nvidia graphics chips are widely used in everything from self-driving cars to supercomputers. For many years, the company has been a key player in AI research. The company reported total sales of $7.10 billion in the third quarter of 2021, an increase from the previous year’s period.

The main reason why Nvidia stock may be a good investment is due to its extensive intellectual property.

2. Amazon (AMZN)

We considered Amazon (AMZN) on our list of best artificial stocks. The market capitalization of this company is about 1.03 trillion USD.

About:

Amazon is a multinational technology company based in the United States and specializes in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.

On the other hand, Amazon already implements artificial intelligence in everything from Alexa, its industry-leading voice-activated technology, to Amazon Go cashier-less grocery stores. However, Amazon Web Services Sagemaker is a cloud infrastructure tool that deploys high-quality machine learning models for developers and data scientists. This means you can invest in amazon to gain a good profit.

3. International Business Machine (IBM)

At number three, we have the International Business Machine, which is widely known as the name of IBM. The market capitalization of this company is about 129.44 billion USD. 

About:

IBM has been in business since 1911 and is now one of the world’s most respected technology companies. The company is well-known for its high-quality hardware, software, and services, as well as its contributions to artificial intelligence research.

On the other hand, IBM Corporation had a 13.7% market share in 2020, which is up 46% from the previous year. IBM reported a net income of $5.7 billion in the fourth quarter of 2021, a 2.7% increase over the previous year. You should keep IBM on your radar as a potential artificial intelligence stock. 

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4. Microsoft Corporation (MSFT)

Fourth on our list of best artificial intelligence stocks is Microsoft Corporation (MSFT). The market capitalization of this company is nearly about 1.84 trillion USD. 

About:

Microsoft Corporation is an American multinational technology corporation. On the other hand, the headquarter of this company is in Redmond, Washington, which produces computer software, consumer electronics, personal computers, and related services.

Microsoft has also worked on a project called KubeRay with TikTok’s parent company, ByteDance. This means that this program will help businesses in running AI apps more efficiently.

5. Alphabet (GOOGL)

Alphabet, the parent company of Google and YouTube, is currently the world’s largest AI company, focusing on a wide range of global online services. 

Among the many businesses owned by the California-based tech behemoth are Youtube, Google Cloud, Google Play, Android, Google Pay, and Waze. Last on our list of best AI stocks is Alphabet (GOOGL). The market capitalization of this company is 1.25 trillion USD. 

About:

Alphabet Inc. is one of the most promising artificial intelligence companies. It was one of the first companies to focus on machine learning, and it has used AI to price ads, filter Gmail spam, and promote content.

Alphabet Inc.’s stock price has increased 131% in five years. This price increase reflects the company’s dedication to AI research and development. Waymo, an automation vehicle company, and DeepMind are among the major projects included.

Conclusion

This is the end of this post. In this post, we mentioned the top 5 artificial intelligence stocks. The AI industry is still in its earliest stages and has enormous growth potential. On the other hand, if you like one of the above-mentioned AI stocks and want to invest, then it is recommended to do proper research before investing.

Happy Investing!

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