Top 5 AI Star Stocks that are leading the Future of Technology
Ever wondered how Artificial Intelligence (AI) is affecting ongoing tech advancements? Nowadays, AI is everywhere, entering almost every corner of technology, with multiple applications, all geared at making our lives easier. With this rapid growth, it’s more than clear that AI will continue to be used even more in the future - and hence, there are plenty of investors globally who are putting money into this industry.
But what are the top AI star stocks that are leading the industry now, which are also expected to be at the forefront of this tech in the future? Join us in this article to answer this question and further explore what those top 5 star stocks AI are all about. Ready for a fascinating ride?
1. NVIDIA Corporation (NVDA)
Market Cap: $1.04 trillion
Ticker: NVDA
Nvidia is a well-known company in the AI industry, mainly recognized for its GPUs (or graphics processing units). GPUs are used in a variety of applications both for personal and business computing. Some of the areas where Nvidia’s GPUs operate include data centers, autonomous vehicles, and supercomputers - quite a glamorous crowd. Additionally, Nvidia contributes to AI research and application through its platforms, such as CUDA, and frameworks like TensorRT.
Why invest in Nvidia?
Nvidia is one of the top picks of AI star stocks with the wide use of applications that it offers. As a result, it is the target for all investors who want to capitalize on the AI industry.
2. Alphabet Inc. (Google)
Market Cap: $1.55 trillion
Ticker: GOOGLE
Alphabet Inc. is Google’s parent company. It was one of the first companies to ever do research and application on AI technology and even nowadays, it’s kept this role. AI is incorporated in different areas of Google, including its search engine, cloud services, and advertising platform - so we’ve all likely benefited from it at some point or another! Google even has its own AI lab called DeepMind, which has come up with stunning new advancements in the field of AI. In addition to that, Google also has a framework called TensorFlow, which is open source, meaning it can be used by developers globally! Sounds attractive to us.
Why invest in Alphabet Inc.?
Alphabet Inc. is one of the pioneering companies to do research on AI and its applications. Thus, it is a perfect match for those who want to invest in continuous innovation in AI… and given the way things have been going lately, who wouldn’t?
3. Microsoft Corporation (MSFT)
Market Cap: $2.52 trillion
Ticker: MSFT
Microsoft Corporation is definitely the leader of this list. The most successful platform that Microsoft offers is the cloud platform called Azure, which has a wide range of AI applications. One of its best features is that Azure allows developers worldwide to build and deploy AI applications at scale. Apart from that, Microsoft also recently purchased GPT-3, or the intelligent assistant, reinforcing the idea that the company wants to further improve AI services.
Why invest in Microsoft Corporation?
Microsoft has a great cloud infrastructure but also invests strategically in AI services like GPT-3. Thus, this company is a strong foundation for further developing AI platforms and making them even more capable than they already are - so why not take a closer look and see if this sounds like a good investment to you?
4. Amazon.com Inc. (AMZN)
Market Cap: $1.29 trillion
Ticker: AMZN
Amazon is one of the companies that has widely embraced using AI in its platforms. We can find AI applications in Amazon’s e-commerce and logistics platforms. In addition to that, Amazon has a cloud service called AWS, which offers a diverse range of AI and machine learning services. Some of the most famous ones? SageMaker, Rekognition, and Polly - you might recognize their names. The integration of AI on the Amazon platforms makes them operate more efficiently by enhancing the customer experience.
Why invest in Amazon.com Inc.?
Amazon’s integration of AI into its platforms makes it an attractive page for customers worldwide. Hence, it is a great choice for investors seeking exposure to AI innovation and especially those interested in e-commerce sites, which attract millions of customers monthly.
5. Tesla Inc. (TSLA)
Market Cap: $837 billion
Ticker: TSLA
Tesla is the top company for autonomous driving, with the highest stock on the market for those cars. What are the most compelling features of Tesla’s autonomous cars? The AI-powered Autopilot and Full Self-Driving (FSD). Tesla has made it possible to have an AI-powered Autopilot based on machine learning algorithms, which is definitely an innovation in the automotive industry. Apart from that, Tesla also has a supercomputer called Dojo. Dojo is designed to train AI models at scale, which further proves the company’s intention to integrate AI in as many applications as possible.
Why invest in Tesla Inc.?
Tesla is among the first companies to ever produce and promote autonomous driving. Their purpose is definitely to make their services better by integrating AI, so for all the investors out there who want to put their money in a company that is the future of mobility, Tesla is the right choice.