Artificial Intelligence stock picks require research, this is such a high interest domain many other investors have probably already found and are following the stocks that may interest you. And, if institutional investors are making buy and sell decisions on a stock you have picked, well, all bets are off. That said, AI is clearly favoring some stocks over others due to the smart leadership in many forward thinking firms. Here are a few we watch closely:
Nvidia (NVDA) has been investing heavily in chip design optimized for machine learning. Some say they got lucky in having an architecture researchers preferred. Others credit Nvidia for educating the world on what their chips can do. But either way, they have great solutions for a wide range of machine learning needs, and are becoming a key part of the AI revolution, including in self driving cars and other hot use cases. Their stock has doubled in 2017 due in large part to their AI successes. The art form now is in deciding whether it is too late to jump on the bandwagon.
Apple (APPL) is investing in AI and machine learning approaches that leverage solutions in their devices. Siri is the biggest example, but they are also researching many other solutions for automated learning and discovery. Their approach differs from Google’s in that they focus on the device first, but Apple also invests in cloud based AI and solutions for some key services, like iTunes.
Google’s parent Alphabet (GOOGL) has long been at the forefront of the AI revolution and maintains a great thought leadership position. They continue to hire great visionaries who are widely known in the field and are investing in a future that includes cloud enabled AI. Alphabet CEO Sundar Pichai is positioning Google as an “AI First” company.
Amazon (AMZN) uses AI in many of their domains. The example we all saw years ago was suggestions on what book to buy. This has evolved into powerful machine learning empowered by voice interaction via solutions like their Alexa powered Echo devices. By bringing AI and Machine Learning into the home and making it truly useful they are guaranteeing a leadership role for their approaches.
Facebook (FB) has long used AI and machine learning to glean insights into their users and what they want to see and how to target ads. All indications are that they will continue to invest heavily in research into AI solutions and they will keep benefiting from this. They have publicly declaried that they “want to solve AI” and this drives their many investments.
Microsoft (MSFT) has been investing in AI for years and has now positioned itself as an “intelligent cloud and an intelligent edge infused with AI”. They are infusing AI in just about every offering and product they have.
Yext (YEXT) is being tracked by many analysts and seems to hold potential to punch way above its weight as a fast -growing tech company. There is danger in investing in companies like Yext, including the fact that another firm can out invest them and move faster.
As you research and decide which, if any, of these Artificial Intelligence stock picks to invest in, please continue to leverage the many resources here at Things Cyber to inform your decision making. We will keep you informed of the latest trends in use cases and the latest concepts being considered for the future. Bookmark us and come back for more!
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