AI is by far the biggest tech investing trend of 2023.
But Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon, or Apple.
Nope – his research is pointing to a tiny, under-the-radar stock that's trading for just $3 right now…
And could soon shoot to the moon, handing early investors a windfall.
This company already has 98 registered patents for cutting-edge voice and sound recognition technology…
And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.
So if you missed out on Microsoft when it first went public back in 1986…
This could be your shot at redemption.
The Traders Agency Team
Artificial Intelligence (AI) has brought about significant transformations across multiple sectors, and there is a rapid surge in the adoption of AI technologies.
Numerous companies are making substantial investments in AI to enhance their offerings, reduce expenses, and gain a competitive edge.
In this report, we’ll provide an analysis of three highly recommended AI stocks for prospective investors.
Alphabet Inc. (GOOGL)
Alphabet, the parent company of Google, is a renowned tech giant that places considerable emphasis on AI investments. Google leverages AI across various domains such as search, advertising, and YouTube. Notably, their AI-powered virtual assistant, Google Assistant, stands as one of the most sophisticated in the market and is widely used by consumers.
Alphabet has also made significant strides in the realm of AI-driven healthcare solutions, with initiatives like DeepMind, an AI-focused research lab, and Verily, a life sciences company specializing in AI-powered medical devices. Consequently, Alphabet's revenue from AI technologies is projected to experience substantial growth in the upcoming years.
NVIDIA Corporation (NVDA)
NVIDIA, a leading manufacturer of graphics processing units (GPUs), has made substantial investments in AI. Their GPUs find extensive application in numerous AI sectors, including autonomous vehicles, gaming, and data centers. Furthermore, developers and researchers widely employ NVIDIA's AI-powered platforms such as CUDA and TensorRT.
The company has experienced rapid revenue growth from AI-related products and services, benefiting from the increasing adoption of AI across diverse industries. NVIDIA's recent acquisition of Arm Holdings, a prominent semiconductor technology provider, is expected to further fortify their position in the AI market.
Microsoft Corporation (MSFT)
Microsoft, a prominent software company, has made significant strides in AI research and development. Their AI-powered digital assistant, Cortana, enjoys widespread consumer usage, while the AI-driven chatbot, Xiaoice, has gained substantial popularity in China. Microsoft has also invested in AI-powered healthcare solutions, such as the Microsoft Healthcare Bot and the Microsoft Genomics service.
Anticipated substantial growth in Microsoft's revenue from AI technologies, coupled with their strong market position, positions them favorably to capitalize on the escalating adoption of AI across various industries. Microsoft's cloud computing platform, Azure, offers a diverse range of AI-powered services, including machine learning and cognitive services.
In conclusion, investing in AI stocks presents a promising opportunity for long-term growth. Alphabet, NVIDIA, and Microsoft stand out as three exceptional AI stocks to consider due to their robust growth potential and established market positions. However, it is imperative for investors to conduct thorough research before making any investment decisions.