IoT and AI are two discrete innovations that significantly impact different industry verticals. While the Internet of Things(IoT) is the digital sensory system, AI transforms into the brain that settles on decisions that control the whole system. The powerful blend of AI and IoT – AIIoT provides intelligent and connected systems that are prepared for self-healing and self-correcting themselves. Here are the top 5 AIIoT stocks to buy for 2022.
Current Market Stock: US$286.39
Home Depot is the market share leader in large home appliance sales. Home Depot has free online tools that help customers find smart home products that work with home automation systems. Last year, Home Depot launched a new smart home platform called Hubspace that covers a range of smart home devices and comes in a mobile app to allow an easier selection of smart home products.
Current Market Stock: US$180.11
Lowe's has a comprehensive list of hundreds of home improvement smart products, both in its online and physical stores. Lowe's has prioritized using IoT and virtual reality technology to improve the customer buying experience.
Current Market Stock: US$64.75
Impinj specializes in solutions involving radio-frequency identification, or RFID. Impinj's RFID tags are used by retailers, manufacturers, and logistics companies to track inventory and assets.
Current Market Stock: US$37.20
IoT isn't Intel's core market, but the semiconductor giant's data center chips power the cloud data centers that link IoT devices together. Despite rising competition, Intel still dominates the data center CPU market. Beyond powerful chips crunching data in the cloud, Intel sells chips meant for the edge. Its Xeon D family of processors, for example, has built-in AI for IoT applications and can operate in harsh, rugged conditions.
Current Market Stock: US$146.39
Target, one of the world's top retailers, is known to be a great place to shop for smart devices at affordable prices, capturing a healthy amount of the smart home market. Here consumers can find connected products and services for home, entertainment, and security from the most popular technology brands, including Amazon's Alexa and Google's Nest.
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