Top 10 Cheap AI Stocks to Buy in 2023

Let's find out the top 10 cheap AI stocks to purchase in 2023 and you may go straight to see

The artificial intelligence sector has long been seen as a coveted part of the technology industry that has altered the global economy. The industry has far-reaching applications in a variety of sectors, including interactive media and entertainment, as well as cybersecurity. As we said in a recent piece, the AI industry is therefore extremely broad and enormously huge, estimated at around US$119.78 billion in 2022. This market size is arguably best attributable to the role of AI and machine learning (ML) in many corporate activities.

1.EPAM Systems: EPAM Systems, Inc. (NYSE: EPAM) has an EV/Sales (TTM) ratio of 3.19, indicating that the stock is selling at a discount to its true value. Analysts on Wall Street have set an average price target of US$407 for the shares, which were trading AI stocks at US$293.69 on March 31. This offers the stocks a 38.58% upside potential.

2.SentinelOne: SentinelOne, Inc. (NYSE:S) is a Mountain View, California-based systems software firm. It provides AI-powered autonomous threat prevention, detection, and response abilities through its Singularity Extended Detection and                 Response Platform. Rob Owens, an analyst at Piper Sandler, has a Neutral recommendation on SentinelOne, Inc. (NYSE:S) shares.

3.Baidu, Inc: Baidu, Inc.'s (NASDAQ: BIDU) search engine has an 84% market share in the nation. On March 22, the stock had a P/E ratio of 15, which was 32% lower than its five-year average. Wall Street analysts have set an average price objective of US$186.27 for the shares, with a high projection of US$234.

4.ASML Holding N.V.: ASML Holding N.V. (NASDAQ: ASML) presently leads the lithography business, accounting for more than 80% of the industry's market share. Analysts have assigned a price objective of US$809.73 to the stock, which was trading at US$676.68 on March 31. This gives the stock a 19.66% upside potential.

5.International Business Machines Corporation: International Business Machines Corporation (NYSE: IBM) is a multinational information technology corporation headquartered in Armonk, New York. The firm offers integrated solutions and services, such as a hybrid cloud platform and software solutions. Stifel analyst David Grossman rates International Business Machines Corporation as a Buy.

6. SAP SE: SAP SE (NYSE: SAP) is a German application software business headquartered in Walldorf. The firm sells enterprise application software. Bernstein's Mark Moerdler reaffirmed an Outperform rating on SAP SE shares on March 21. The analyst also set a US$154 price objective on the stock.

7.,Accenture plc: Accenture plc (NYSE: ACN) is a multinational information technology firm that offers application services such as data management, smart automation, and robotic process automation. It is headquartered in Dublin, Ireland. JPMorgan analyst Tien-tsin Huang has an Overweight rating on Accenture, Inc shares, with a price objective of US$314.

8.Micron: Micron (NASDAQ: MU) is a semiconductor firm that manufactures high-performance memory storage devices. Because this hardware powers AI solutions, the firm is an important element of the AI sector. Susquehanna's Mehdi Hosseini has a Neutral rating on Micron equities as of, with a price target of US$90.

9.Oracle Corporation: Oracle Corporation (NASDAQ: ORCL) is an Austin, Texas-based systems software corporation. It provides, among other things, cloud apps and cloud-based industrial solutions. Oracle Corporation shares are rated Overweight by JPMorgan's Mark Murphy, with a price objective of US$93.

10. Palantir Technologies Inc: Palantir Technologies Inc. (NYSE: PLTR) is a Denver, Colorado-based application software corporation. The business develops and implements software solutions to aid the intelligence community in terrorist investigations. DA Davidson's Gil Luria commenced Neutral coverage of Palantir Technologies Inc shares.