Technology has been evolving for decades from the 1950s till 2021, things have changed drastically. The current trend of Artificial Intelligence takes over the present stock market. It has been attracting numerous companies to adapt to the trend, driving investments towards them, due to its increasing demand in the present and future. Investing in digital technologies can create huge revenue in the coming days. Ark Invest, an investment management firm, estimates that Artificial Intelligence is going to add US$30 trillion to the global economy by 2037. Many companies are showing interest in using Artificial Intelligence for smart email categorization, voice-to-text features, smart personal assistants, automated responding, and online customer support to grow better in their businesses. This can be quite advantageous for the investors planning to buy artificial intelligence stocks.
Here are the 10 best AI companies to invest in right now.
Pinterest is a platform that allows its users to search for images and sites to pin, post, and share videos into collections called boards. The uniqueness of this site is that you can discover ideas through images saved by people and brands you follow. Digital technology such as Artificial Intelligence is employed by this site to find appropriate images without human intervention. It also provides personalized learning experiences that attract users and brands.
Pinterest can grow in the long run, so investment on this site can be ever beneficial for the investors. The company has a market value of US$43.7 billion. The global monthly active users of this site grew nearly 30% over the year making a jump from US$478 million to US$485 million.
Notably, Pinterest stocks are down by 25%, so this time looks perfect for you to invest in it.
Nvidia is the high-end chip-maker that designs graphics processing units for the professional gaming, mobile computing, and automotive market. This tech company uses Artificial Intelligence for cloud-native support, cluster management, inference serving, IO acceleration, networking, and virtual GPU. It is interesting to know that the company has spent about 20% of its sales on research and development of digital technology, which is twice more as Apple.
Nvidia is leading the AI market with growth in its sales and earnings per share up to 40% from 31% in the previous quarter of the year. The deal to buy Arm Limited from SoftBank can also position Nvidia at great heights. The market value of the company is $449.0 billion. Grabbing this opportunity you can stock right now.
Taiwan Semiconductor is also leading in the Artificial Intelligence stock market. The company makes integrated circuits for Nvidia along with other big-tech companies. Taiwan Semiconductors make nearly 24% of the world's semiconductors. The HPC has grown at 33% since 2020. This tech company is now looking for ways to tackle the demand. It announced US$100 billion to spend on increasing demand to support its research and development in the digital technology front. The company has been growing more than 22% annually for the last five years. It has a market value of US$565.8 billion.
DocuSign is a company that allows organizations to manage their electronic documents. It provides a way to sign electronically on different devices. Some investors didn't imagine how this tech company can speed up, but it grew to US$50 billion since April 2018. The company is using Artificial Intelligence not only for assisting the companies but also for analyzing the contractual agreements too. It uses seal technology to also compare critical clauses and terms in contracts and to detect the risks and opportunities. The company's revenue has doubled since 2018 using digital technology. It has a market value of US$50.1 billion.
Microsoft is another company that is capitalizing on Artificial Intelligence. The company uses AI for its cloud businesses, which is extremely dependent on Artificial Intelligence to deliver goods to various organizations, governments, businesses, and institutions.
Investors who want to profit from AI stocks can invest in Microsoft for its constant progress over the years. The market value of the tech company is US$1.9 trillion with a year-to-date performance of up to 3.9%.
Amazon is utilizing Artificial Intelligence in a great way. It uses AI for voice-activated technology, Amazon Go, Amazon Web Services. The company dominates the e-commerce market building on Artificial Technology. Drone Delivery would be another initiative taken by this tech company to deliver using drones in the coming days. Amazon uses Artificial Intelligence to develop its infrastructure and to grow its businesses. The company has a market value of US$1.7 trillion with an annual performance of 3.9%. So investing in Amazon stocks can be beneficial.
Axon is the leading supplier of conducted energy devices in the world. The company also is into developing software and sensors using Artificial Intelligence tools. The revenue of the company jumped 28% to US$681 million. Axon is a leader in marketing body cameras, law enforcement software, and CEDs. Due to the growing usage of AI in its business, it can be one of the investment options to benefit shortly.
UI Path is a global software company for robotic processes and automation. The company helps its clients build Artificial Intelligence software robots that can learn from human behavior training them to operate simple to complex business processes. UI Path also assisted companies like Microsoft and Amazon to help with its software. This tech company generated revenue of about US$186 million up to 65% in the first quarter.
IBM is a multinational company that has been a leader in advancing in Artificial Intelligence-driven technology for enterprising and machine learning systems. The company has been using AI for simplifying data collection, accessibility, analyzing, integrating, and optimizing systems across an entire business framework. IBM has a market value of US$18.31 billion.
Apple is a company that has been using Artificial Intelligence technology to improve customer experience in various ways. Its well-known applications include face recognition, sleep tracking, app suggestions, and handwriting recognition. The company also is busy looking for ways to broaden the usage of AI. It is estimated that Apple will be soon doubling down on AI research and development. The market value of this tech company is about US$2.08 trillion.
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