Artificial intelligence (AI) is revolutionizing industries and changing the way we live and work. And for investors, it presents a potentially lucrative opportunity. Here are 10 AI stocks that are making waves on Wall Street and worth keeping an eye on.
1. Alphabet Inc. (GOOGL) – This tech giant is at the forefront of AI research and development, with its subsidiary Google leading the way in machine learning and language processing.
2. NVIDIA Corporation (NVDA) – Known for its powerful graphics processing units (GPUs), NVIDIA has also made a name for itself in the AI space, providing hardware for training and running AI algorithms.
3. IBM (IBM) – With its Watson AI platform, IBM is a major player in the AI market, providing solutions for businesses in various industries.
4. Amazon.com, Inc. (AMZN) – As one of the largest e-commerce companies in the world, Amazon has also made significant strides in AI through its voice assistant Alexa and its AI-powered recommendation engine.
5. Microsoft Corporation (MSFT) – Microsoft’s AI capabilities are embedded in its popular products like Office 365 and Cortana, and the company is also investing in AI startups through its venture capital arm, M12.
6. Intel Corporation (INTC) – Another hardware giant, Intel is heavily involved in AI with its processors and software for deep learning and AI training.
7. Facebook, Inc. (FB) – Facebook utilizes AI for targeted advertising and content moderation, and is also investing in AI research and development for its various platforms.
8. Baidu, Inc. (BIDU) – The leading search engine in China, Baidu is also a major player in AI, particularly in the areas of natural language processing and autonomous driving.
9. Tesla, Inc. (TSLA) – While known for its electric vehicles, Tesla also has a strong focus on AI, incorporating it into its self-driving technology and energy storage solutions.
10. Salesforce.com, Inc. (CRM) – This cloud-based software company uses AI to power its customer relationship management platform, making it a valuable player in the AI market.
As AI continues to advance and impact various industries, these 10 stocks are poised for potential growth and could be profitable investments for retail investors. Keep an eye on these companies and their developments in the AI space. Who knows, one of them could be the next big thing in AI.