Top 5 Artificial Intelligence Stocks to invest

Top 5 Artificial Intelligence Stocks to invest

Top Artificial Intelligence stocks

There are not many Artificial intelligence stocks to invest in. The companies which get a hand on any of it have them. And at last, a very few investable Artificial intelligent stocks are left. So let’s see those top 5 Artificial intelligence stocks that are worth investing in as of September 2021.

Nvidia

Leading graphics chip maker Nvidia has capitalized on the rise of artificial intelligence and made its graphics cards the de facto standard in data centers around the world. The machine learning training phase requires a lot of computing power; the next phase, the inference phase, requires less. Graphics Processing Unit (GPU) chips, which are primarily used for rendering video games, support both phases.

Nvidia’s data center business accounts for a growing proportion of the company’s total revenue. This segment is not all about AI. Nvidia graphics cards are being used to promote and run a wide variety of data center applications. But as we know Artificial intelligence is the real driving force behind the company’s growth.

Self-driving cars are another approach. Nvidia develops platforms, including hardware and software, that can support fully autonomous driving and driver assistance functions.

One day Nvidia’s graphics cards might be replaced by more specialized designed processors for AI, but at this moment the company is in an enviable position.

This traditional technology company is an integrated provider of hardware, software, and services for large corporate clients. The mainframe computing systems present in IBM are still ubiquitous in certain industries, and it regularly makes hundreds of millions of dollars in multi-year technology contracts.

IBM’s strategy with AI is to use technology to enhance human intelligence, increase efficiency, or reduce costs. In the healthcare industry, IBM artificial intelligence technology is used to create personalized care plans, accelerate the launch of new drugs, and improve the quality of care. In the financial services industry, with the company’s 2016 acquisition of Promontory Financial Group, IBM is leveraging artificial intelligence to help clients tackle the daunting task of financial compliance.

While the market for artificial intelligence products and services is fragmented, IBM leads the industry. Market research firm IDC ranked IBM as the market leader in artificial intelligence software platforms with a market share of 8.8% in 2019 or $ 303.8 million in sales, up 26% from last year.

Micron Technology

Micron Technology manufactures memory chips, including dynamic random access memory (DRAM) and NAND flash memory, which are found in solid-state storage drives. Most of what the company makes are raw material products, which means that supply and demand dictate prices.

This leads to sometimes brutal boom-bust cycles in the semiconductor industry, where an oversupply of chips can significantly depress prices. In 2021, demand for memory chips is strong, driven by growth in cellular networks, 5G, cloud computing, and a recovery in the automotive sector, and the shortage of semiconductors has helped drive prices for DRAM chips and also NAND from Micron.

Amazon

Perhaps no company uses AI more than Amazon. Founder and CEO Jeff Bezos was an evangelist for artificial intelligence and machine learning, and although Amazon started out as an online retailer, technology has always been at the heart of the business.

Amazon today uses artificial intelligence for everything from Alexa, its industry-leading voice-activated technology, to its cashless Amazon Go grocery stores, to Amazon Web Services Sagemaker, the cloud infrastructure tool that provides learning models, high-quality automatic for data also provides scientists and developers.

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IBM


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