What stocks will benefit from AI?
Software and services companies and commercial and professional services firms appear to have the biggest potential for earnings gains from AI, because they have a combination of relatively high labor costs overall and a high share of their labor bill that may be exposed to AI automation.
| Ticker | Company | Performance (Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 221.39% |
| SYM | Symbotic Inc | 53.19% |
| UPST | Upstart Holdings Inc | 46.67% |
| PRCT | Procept BioRobotics Corp | 41.03% |
| Company (TICKER) | 1-Year Return |
|---|---|
| Amazon.com, Inc. (AMZN) | 76% |
| ServiceNow, Inc. (NOW) | 64% |
| Palo Alto Networks, Inc. (PANW) | 36% |
| UiPath, Inc. (PATH) | 23% |
Amazon has deployed AI in several ways to improve the company. With its partnership with Anthropic to ensure AWS has the tools it needs to give clients access to powerful generative AI models, Amazon is a top AI investment candidate.
SoundHound AI (SOUN), formerly known as SoundHound, has been teased by a couple folks this year as a low-priced stock with AI exposure — Ross Givens pitched it as the “$3 AI Wonder Stock that Could Make You 75X Richer” in early May, and Jason Williams pitched that that buying the “tiny $2 stock” SOUN in late June would ...
1. Nvidia. Nvidia (NVDA -3.87%) shares already have soared in the triple digits over the past year, but this top AI stock still may have plenty of room to run.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| MicroStrategy (MSTR) | Technology | $25.11B |
| Nvidia (NVDA) | Technology | $2.20T |
| C3.ai (AI) | Technology | $2.74B |
| Meta Platforms (META) | Communication services | $1.31T |
What are the best AI stocks to buy now? Some of the best AI stocks that you can buy with less than $5 are Nerdy (NRDY), BigBear.ai Holdings (BBAI) and FiscalNote (NOTE). These stocks are poised to see considerable growth in the future.
Recent contract wins validate my conviction that Aware is one of the best AI penny stocks. The company secured a $3.4 million contract that, including annual maintenance options, has a 5-year value of up to $5.1 million. This expands Aware's footprint with the U.S. government.
What are the three best AI stocks to buy now?
(NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT), Palo Alto Networks, Inc. (NYSE:PANW) is one of the best AI stocks to buy now.
This said, you might not have to look much further than broad stock market indexes, such as the S&P 500 and Nasdaq 100. Investing in one of the many ETFs that mirror the performance of these indexes gives you significant exposure to leading AI stocks, including Microsoft, Nvidia, Meta and Alphabet.
This can be done by investing in individual stocks, or by investing in ETFs or mutual funds that focus their investments in AI stocks. There are widely held, well-known AI stocks, as well as much less known AI stocks, that may represent good investments.
| Stock Ticker | Company | Performance (YTD) |
|---|---|---|
| NASDAQ: AISP | Airship AI Holdings Inc | + 384.21% |
| NASDAQ: MRAI | Marpai Inc | + 54.02% |
| NASDAQ: HOLO | MicroCloud Hologram Inc | + 3.35% |
| NASDAQ: PHUN | Phunware Inc | + 104.81% |
- GRAB3.390.18% Grab Holdings Limited.
- DNA0.920.05% Ginkgo Bioworks Holdings, Inc.
- BITF1.890.11% Bitfarms Ltd.
- ME0.510.15% 23andMe Holding Co.
- AGBA1.030.63% AGBA Group Holding Limited.
- JAGX0.180.01% Jaguar Health, Inc.
- HCMC0.000.00% Healthier Choices Management Corp.
- FSRN0.050.00% Fisker Inc.
Can you buy OpenAI's stock? OpenAI is not publicly traded on NYSE or NASDAQ in the U.S. To buy OpenAI's stock you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Is NVDA a Buy, Sell or Hold? Nvidia has a conensus rating of Strong Buy which is based on 40 buy ratings, 2 hold ratings and 0 sell ratings. What is Nvidia's price target? The average price target for Nvidia is $1,001.68.
Investors looking to capitalize on the AI trend might wish to focus on companies meaningfully contributing to the AI boom. The most popular AI-focused stocks on the NYSE or the Nasdaq for February 2024 include Phunware, Tesla, Advanced Micro Devices, Ford, and SoFi.
Nvidia currently has an average brokerage recommendation (ABR) of 1.20, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 40 brokerage firms. An ABR of 1.20 approximates between Strong Buy and Buy.
What is the best investment in 2024?
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Money market funds.
- Mutual funds.
- Index Funds.
- Exchange-traded funds.
- Stocks.
Which companies make AI chips? Nvidia dominates the AI chip manufacturing industry, but it faces competition from other major tech companies like Microsoft, Google, Intel, IBM and AMD.
Data cloud and analytics company Snowflake (NYSE: SNOW) is a unique Buffett AI stock in that it's the only one Berkshire Hathaway has been invested in since day one. The holding company participated in Snowflake's public offering in 2020 and has held the stock since.
Potential investors in Elon Musk's new artificial intelligence startup, xAI, are focusing on two key selling points: access to the billionaire's constellation of companies — referred to as the “Muskonomy” — and the early success of one of its biggest competitors, OpenAI.
- Canaan Inc.( CAN) $ 1.100000 -17.91% ...
- SoundHound AI, Inc.( SOUN) $ 4.06 -54.43% ...
- Lantern Pharma(LTRN) $ 6.00 -31.03% Past 1M. ...
- CXApp Inc.( CXAI) $ 3.91 34.36% ...
- BigBear.ai Holdings, Inc.( BBAI) ...
- Rekor Systems(REKR) $ 1.870000 -9.22% ...
- Gaxos.ai Inc.( GXAI) ...
- Himax Technologies, Inc.( HIMX)
References
- https://www.newsweek.com/global-race-ai-dominance-can-us-maintain-its-edge-1828232
- https://www.nasdaq.com/articles/could-this-artificial-intelligence-ai-fintech-be-1-of-2024s-largest-ipos
- https://www.fool.com/investing/2024/04/18/3-ai-stocks-with-more-potential-than-crypto/
- https://www.nerdwallet.com/article/investing/the-best-investments-right-now
- https://phys.org/news/2024-02-artificial-intelligence-financial-machine-stock.html
- https://www.investopedia.com/how-to-use-artificial-intelligence-in-your-investing-7973810
- https://blueberrymarkets.com/market-analysis/news/benefits-and-risks-of-using-ai-in-trading/
- https://www.nerdwallet.com/article/investing/ai-stocks-invest-in-artificial-intelligence
- https://finance.yahoo.com/news/3-unstoppable-ai-stocks-not-084500779.html
- https://www.scientificamerican.com/article/ai-is-an-existential-threat-just-not-the-way-you-think/
- https://www.linkedin.com/pulse/ai-vs-human-traders-who-holds-edge-modern-stock-markets-strivemindz-gvu3f
- https://www.forbes.com/advisor/investing/best-ai-stocks/
- https://companiesmarketcap.com/artificial-intelligence/largest-ai-companies-by-marketcap/
- https://www.scientificamerican.com/article/ai-anxiety-is-on-the-rise-heres-how-to-manage-it/
- https://forgeglobal.com/openai_stock/
- https://www.nytimes.com/2024/03/22/technology/china-ai-talent.html
- https://www.investors.com/news/technology/ai-stocks-artificial-intelligence-software-chipmakers/
- https://forgeglobal.com/openai_ipo/
- https://www.gobankingrates.com/investing/stocks/best-ai-stocks-under-5-dollars/
- https://finance.yahoo.com/news/nvidia-nvda-considered-good-investment-133010639.html
- https://finance.yahoo.com/news/3-ai-stocks-trading-absurdly-140500610.html
- https://www.nasdaq.com/articles/ai-trading-what-is-ai-trading-how-its-used-in-stock-trading
- https://www.tipranks.com/stocks/ai/forecast
- https://finance.yahoo.com/news/institutions-along-retail-investors-hold-104619743.html
- https://www.unbiased.co.uk/discover/personal-finance/savings-investing/how-to-invest-in-artificial-intelligence-ai
- https://medium.com/@carsten.krause/the-ai-horizon-top-10-transformative-predictions-for-2025-and-beyond-96c996a0e9aa
- https://techwireasia.com/12/2023/who-is-leading-the-us-vs-china-ai-race/
- https://finance.yahoo.com/news/quick-7-ai-penny-stocks-133250906.html
- https://knowledge.wharton.upenn.edu/article/how-ai-powered-collusion-in-stock-trading-could-hurt-price-formation/
- https://www.stash.com/learn/top-ai-companies/
- https://www.timothysykes.com/blog/ai-penny-stocks/
- https://www.forbes.com/advisor/investing/best-stocks-to-buy-now/
- https://stockanalysis.com/article/invest-in-openai-stock/
- https://www.kiplinger.com/investing/stocks/604067/can-ai-beat-the-market-10-stocks-to-watch
- https://www.nasdaq.com/articles/buying-artificial-intelligence-ai-stocks-can-be-risky.-avoid-losing-your-shirt-with-this
- https://builtin.com/articles/ai-chip
- https://www.nasdaq.com/articles/here-are-warren-buffetts-top-artificial-intelligence-ai-stock-picks
- https://www.fool.com/investing/2024/04/18/is-it-too-late-to-buy-nvidia-stock/
- https://tech.co/news/who-owns-chatgpt-and-openai
- https://finance.yahoo.com/news/13-stocks-double-2024-153022696.html
- https://coincodex.com/article/31865/ai-penny-stocks/
- https://finance.yahoo.com/news/buy-palantir-stock-next-p-141700762.html
- https://fortune.com/2024/01/19/elon-musk-ai-startup-funding-1-billion-investors/
- https://finance.yahoo.com/u/yahoo-finance/watchlists/most-active-penny-stocks/
- https://money.usnews.com/investing/articles/best-growth-stocks-to-buy
- https://www.quora.com/What-are-the-top-companies-that-are-into-artificial-intelligence
- https://www.screener.in/screens/797657/stock-doubling-every-3-years/
- https://www.investopedia.com/popular-ai-stocks-february-2024-8575832
- https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/chatgpt/
- https://fortune.com/2024/04/09/elon-musk-ai-smarter-than-humans-by-next-year/
- https://www.investors.com/research/ai-stock-teslas-musk-starts-ai-company-with-100-mil-private-stock-sale-is-ai-stock-a-buy/
- https://www.fool.com/investing/2024/04/12/heres-why-amazon-is-a-wonderful-artificial-intelli/
- https://www.investors.com/research/nvda-stock-is-nvidia-a-buy/
- https://www.crunchbase.com/organization/strongest-ai
- https://www.moomoo.com/community/feed/110418579357701
- https://www.deepbrain.io/tech-and-ai-explained/who-owns-chat-gpt
- https://www.goldmansachs.com/intelligence/pages/ai-infrastructure-stocks-poised-to-be-next-phase.html
- https://www.bloomberg.com/news/articles/2024-02-05/xai-potential-investors-focus-on-muskonomy-openai-success
- https://www.screener.in/screens/801676/6-months-double/
- https://www.bankrate.com/investing/investing-in-artificial-intelligence-ai/
- https://www.techopedia.com/who-owns-openai
- https://www.tipranks.com/stocks/nvda/forecast
- https://finance.yahoo.com/quote/AI/holders/
- https://www.nasdaq.com/articles/a-new-bull-market-has-begun-but-its-not-too-late-to-buy-this-unstoppable-artificial
- https://www.stockgumshoe.com/2024/02/the-a-to-v-of-artificial-intelligence-stocks-54-stocks-teased-as-a-i-plays-by-investment-newsletters/
- https://www.cnn.com/cnn-underscored/money/how-to-invest-in-ai
- https://www.investopedia.com/high-volume-ai-stocks-march-2024-8606014
- https://finance.yahoo.com/news/12-best-artificial-intelligence-ai-125708846.html
- https://www.tipranks.com/stocks/lhx/forecast
- https://www.usatoday.com/money/blueprint/investing/best-ai-stocks/
- https://www.lseg.com/en/insights/data-analytics/how-might-ai-impact-investment-management
- https://www.investopedia.com/how-to-invest-in-ai-7504987
- https://www.temok.com/blog/chat-gpt-stock/
- https://money.usnews.com/investing/articles/best-performing-stocks-of-the-year
- https://openai.com/blog/openai-elon-musk
