In this modern world, the rise of artificial intelligence (AI), robotics, and automation are disrupting virtually every significant industry and business. From machine learning and the internet of things or IoT to smart appliances and autonomous vehicles, organizations that are not forming and incorporating AI into their organizations risk becoming outdated. While endless organizations remain to profit from AI, a modest bunch of them have business models focused explicitly on AI and robotics an industry that market intelligence firm IDC projects will grow to US$554 billion by 2024. Here are the top 10 AI stocks to buy this November:
Market Cap: US$757.319 billion
NVIDIA Corporation is a visual computing company positioned to provide the massive amount of processing power AI applications will need. Its primary GPU line labeled "GeForce", is in direct competition with the GPUs of the "Radeon" brand by advanced micro-devices. NVIDIA is also planning to build its own AI supercomputer lab in Cambridge, England. The world's fastest supercomputer, Leonardo, is even powered by NVIDIA graphics processing units. If you are looking for long-term profit, then NVIDIA is one of the best AI stocks to buy.
Market Cap: US$1.943T
Google and YouTube parent company Alphabet Inc. (GOOG) is one of the best AI stocks as it utilizes artificial intelligence and automation in virtually every facet of its business. It is a provider of online advertising services in the US, Europe, Middle East, Africa, Asia Pacific, Canada, and Latin America. Alphabet is also the parent of autonomous vehicle company Waymo that made history by becoming the first company to launch a fully driverless commercial robotaxi service on public roads in 2020.
Market cap: US$1.761T
Like Alphabet, Amazon is a technology and e-commerce giant that integrated AI into every aspect of its business, including targeted advertising. The company makes use of machine learning and artificial intelligence to aggregate and analyze purchasing data on products it offers a wide range of services to its AWS cloud customers, including advanced text analytics, automated code reviews, and chatbots.
Market cap: US$2.496T
Microsoft Corporation (MSFT) is one of the biggest technology companies and it is investing heavily in ensuring its early leadership position in the AI market. With machine learning and AI being a vital part of most of its products, including Bing, Microsoft Office, Windows, and even Xbox games, Microsoft also produces computer software, consumer electronics, personal computers, and related services. Therefore, Microsoft Corporation is one of the best AI Stocks to buy today.
Market Cap: US$612.933 billion
Taiwan Semiconductor Manufacturing Company Limited (TSM) is a foundry that produces cutting-edge AI chips designed by NVIDIA, Apple Inc. (AAPL), Qualcomm Inc. (QCOM), and other semiconductor leaders. The company has also added AI, machine learning, expert systems, and advanced algorithms to its intelligent manufacturing environment.
Market Cap: US$2.426T
Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. Apple is the world's largest technology company by revenue and, since January 2021, the world's most valuable company. Apple Inc. designs and manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. Apple is one of the best AI stocks to buy this November.
Market Cap: US$19.599 billion
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, customer engagement, and financial crime and compliance. NICE's AI and machine learning technology also streamlines fraud detection and regulatory compliance. The company uses artificial intelligence to help businesses categorize and analyze voice communications, leveraging the power of data analytics to improve the way businesses interact with contact center teams.
Market Cap: US$50.079 billion
DocuSign, Inc. is well-known for providing cloud-based software all over the world. The company provides an e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. The company even acquired AI contract analysis company Seal Software for US$188 million in 2020. Contract artificial intelligence can help businesses automatically sort through millions of pages of contracts, court cases, and more.
Market Cap: US$184.15 billion
QUALCOMM Incorporated (QCOM) engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company develops and commercializes foundational technologies and products for mobile devices and wireless products. The company's QSI segment deals with artificial intelligence, among other technology sectors.
Market Cap: US$107.8 billion
For years, International Business Machines Corporation (IBM) is a provider of integrated solutions and has been developing ways to adapt its AI supercomputer Watson to revolutionize health care, finance, law, and academia. Watson recently performed as well as or even better than AI services from Amazon, Microsoft, and Google in tests by the Allen Institute for Artificial Intelligence. The company offers software for vertical and domain-specific solutions, and also researches advanced algorithms and machine learning, alongside providing other related products and services.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.