The size and scope of the artificial intelligence (AI) sector is on the up, with Gartner predicting it will reach $62 billion by the end of this year, just in terms of software. This is a jump of over 21% from the year before and demonstrates a CAGR of over 33% for the next five years. Growth is being driven by increased demand, technological literacy, and a need from businesses to solve issues like productivity, fraud, maintenance, and health and safety.

Trading Share Prices

If investors do not or cannot invest in an AI company directly through, for example, providing capital, there are other ways to get involved. For example, through an online stock broker, it is possible to buy shares, hold them, trade them, and even just speculate on their fluctuation in value. Known as equities, these tiny slices of the value of a company can be traded online in the hopes of a profit, via professional and reliable platforms. You can trade with leverage and via a whole range of different methods and instruments, not just limited to AI.

Here are some of the big AI names on the stock market that you need to know!

Nvidia Corp

Also based in California, Nvidia is a software and technology company specializing in high-performance computing, AI, data science, and supercomputing. It is one of the world's leading companies in terms of AI software and hardware, providing it to sectors such as engineering, media, construction, science, and manufacturing.

The company was formed in 1993, but today it has 22,473 employees around the world with revenue of almost $27 billion a year. It is listed and is a component of Nasdaq 100, S&P 100, and S&P 500. Another focus of the company is deep learning, and its products were initially used in Tesla vehicles before the company started developing its own.

Alphabet Inc

Alphabet Inc is better known as the parent company of Google, and it was created through a restructuring of the company back in 2015. Located in California, it is one of the most well-known and interacted-with companies in the world, with a revenue of a staggering $257 billion each year. It is the third-largest tech company in the world in terms of income and employs almost 157,000 people worldwide. Amongst its products, it offers autonomous cars, cloud computing, hardware, Internet, software, and various artificial intelligence products.

One of its subsidiaries, Deep Mind, has developed a unique neural network that has learned to play video games in the same way humans do. The company made international headlines back in 2016 when its computer beat a human world champion in a game of Go. Alphabet is listed as Class A and Class B on Nasdaq and is a member of the Nasdaq 100, S&P 100, and S&P 500.

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C3.ai Inc

C3.ai is a software company founded by Thomas Siebel in 2009 and listed on the New York Stock Exchange. It is headquartered in Redwood City, US, and brings in some $150 million a year in revenue. The company is known for its SaaS applications which provide businesses with scalable and practical AI solutions such as C3 AI Suite and C3 AI applications. Siebel is a billionaire who also founded Siebel Systems and is the chair of Fist Virtual Group which invests in commercial real estate, agriculture, and technology, as well as being involved in philanthropy.

The company provides its software to businesses to help them with predictive maintenance, AML, inventory optimization, detecting fraud, and energy management. Some of the big names that use the software include Shell and the US Air Force. In the latter, the technology is used to predict engine failure before it happens to increase safety.

AI has a place in all of these verticals and more. With such impressive growth predicted, it makes sense that investors are keen to plow funds into AI enterprises.