In this modern world, the rise of artificial intelligence (AI), robotics, and automation are disrupting virtually every significant industry. According to reports, the global artificial intelligence market is on its way to hit more than US$554 billion in total revenue by 2024. AI uses the trained system to make inferences about new data it's never seen. Many big tech companies use Artificial Intelligence, Machine Learning, and Analytics to make their existing operations more powerful and accurate. The top AI stocks to buy range from chip creators, software companies, and tech giants that use AI tools in numerous applications. This article features the top 10 best AI stocks millionaires buy for the long haul in 2022.
Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. The company provides Digital Transformation, Digital Connected Enterprise, SAP, Outsourced Product Development, and Digital Commerce and Marketing. At present, it is one of the best AI stocks to buy in 2022.
Happiest Minds Technologies Limited, a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. Happiest Minds imagine and develop the next generation of intelligent systems capable of thinking, learning, creating, and making decisions in the same way that humans can. It is one of the best AI stocks to buy and hold in 2022.
Alteryz is a provider of data analytics software that empowers data workers to solve problems with a wide range of analytics and data science tools. Alteryx can be used to speed up your processes (accounting, tax filings, regulatory reporting, forecast creation), automate your processes (reconciliations, consolidations, marketing workflows, system integrations, continuous audits), and enable predictive and geospatial solutions.
C3.ai is a SaaS company whose software allows companies to deploy large AI and machine learning applications. The company's tools help its customers accelerate software development and reduce cost and risk, and they have a wide variety of applications. For example, the U.S. Air Force uses C3 AI Readiness to predict aircraft systems failures, identify spare parts, and find new ways to increase mission capability. It is one of the best AI stocks millionaires buy for long-haul in 2022.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. The Applied AI(x) platform enables engineers to see into semiconductor processes in real-time, take millions of measurements across wafers and individual chips, and optimize thousands of process variables to accelerate the discovery, development, and commercial deployment of new chip technologies.
The company allows organizations to manage electronic agreements with artificial intelligence. The company uses a proven combination of AI technologies such as natural language processing, machine learning, and rules-based logic to help filter, find, and analyze agreements across enterprises. It is one of the best AI stocks to buy in 2022.
Nvidia is the leading graphics chip company that has taken advantage of the artificial intelligence rise, with its graphics cards becoming the de facto standard in data centers around the world. The company's data center business represents a steadily increasing share of Nvidia's total revenue. AI is one of the driving forces behind the company's growth. So, this is one of the best AI stocks millionaires buy for the long haul.
IBM is a company with a great legacy and has been a provider of hardware, software, and services to large enterprise customers. Its mainframe computer systems are still ubiquitous in certain industries, and it regularly signs multi-year technology deals worth hundreds of millions of dollars each. While the market of AI products and services is fragmented, IBM is leading the industry. This is one of the best AI stocks to invest in 2022.
Google and its parent company Alphabet uses AI stocks and automation in virtually every facet of its business, from ad pricing to content promotion to email spam filters. Alphabet has AI and machine learning advantages across its product range, and Artificial Intelligence could help the company further fine-tune its industry-leading online advertising business over time.
Amazon uses artificial intelligence for everything from Alexa, its industry-leading voice-activated technology, to its cashier-less grocery stores, to Amazon Web Services Sagemaker, the cloud infrastructure tool that deploys high-quality machine learning models for data scientists and developers. Amazon's e-commerce business is also built on Artificial Intelligence since algorithms run its top-flight recommendation engines for e-commerce and video and music streaming. AI completely rules how Amazon calculates product rankings.
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