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Machine learning is one of the rarest tech stocks to get listed on stock exchanges. Finding a pure-play machine learning company is even more difficult. Given the progress machine learning is making in contributing to technological advancement, investors would like to put their money in these stocks to earn easy returns. After an investment lull during the pandemic, the tech stocks are slowly picking up and are estimated to grow at around 40% of revenue dollars. Machine learning particularly is adaptable to securities investment for its capabilities of picking up the insights and its ability to act quickly. Here we have sorted out a list of top 10 machine learning stocks to buy having the potential for good returns.
A leader in memory chip manufacturing and storage solutions provider, it has recently introduced its Micron Deep Learning Accelerator technology for next-generation automotive applications, making its forays into the machine learning sector. In collaboration with Micron, it is developing application-specific DLAs to support industry-standard programming models. Currently, its stocks are priced at US$75.37, the Micron shares look attractive with revenues and EPS projected to grow by double digits this year and next year as well.
IBM is a popular player in the tech market known for its integrated solutions and services across the world. Along with software products and domain-specific solutions, it has also a pretty good presence in advanced algorithms and machine learning. Its IBM Watson Studio is meant to automate the AI lifecycle for ModelOps, and is one of its defining AI products. Though IBM reported strong results in 2021 and is currently priced at US$140.15, its stocks are in a downward movement. If stability is the main concern this stock is worth your investment.
Qualcomm is a technology company specializing in making mobile devices and wireless products. Its QSI segment deals with artificial intelligence and machine learning applications and on-device AI applications, and edge cloud AI are few among the many advanced services they provide. Currently priced at US$146.20, its earnings are forecast to grow at 3.89% and a reliable dividend of 2.05%.
NVIDIA, a company known for developing gaming applications and hardware such as GeForce GPUs and PCs has also forayed into virtual cloud programming with vGPU software for cloud-based visual and virtual computing. Currently priced at US$195.92, it has posted a blockbuster in the past quarter, with a strong sales and earnings beat.
A global consulting firm and technology service provider, machine learning is one of their proficiencies. Though a slow-growing stock, it has not been a hot cake on the list. It has dedicated research labs to find solutions to real-world problems by applying artificial intelligence and machine learning. It is an M&A growth success story, showing signs of growth in IT/tech consulting services.
Primarily a chip manufacturer, its hardware and software solutions are powered with AI to optimize data and accelerate analytics at every stage of the project. The built-in hardware acceleration and optimization are streamlined for every stage of the data cycle. Its stock is priced at US$44.84 and is expected to grow at and holds a dividend score of 3.4% for the coming 3 years.
The parent company of Google has significantly advanced into artificial intelligence and developing AI-enabled applications. Be it search engine recommendations, self-driving cars, or healthcare diagnostics, its AI-centricity has rendered it more than an internet company. Currently valued at 2,352.45, it is the most investment-worthy stock with a growth rate of Google's earnings at 31.5% per year over the past 5 years.
CrowdStrike, a cybersecurity firm has emerged as a pioneer in the security domain, leveraging machine learning as a major tool for threat detection and prevention. Using their gradient boosted trees, it is possible to classify if a file sample is malware or clean. Its current stock price stands at US$174.02 and has the potential to scale up to US$248 in the coming year.
As an enterprise cloud computing solutions provider, its NOW platform leverages AI and ML technologies for workflow automation, performance analytics, configuring management systems, data benchmarking, etc. It is currently trading at US$504.8 well above its fair value of US$496.4.
It is the leading device manufacturer, whose approach to artificial intelligence can be considered, a smart one. From facial recognition home kits, and smartwatches to voice command systems, AI is well integrated into their functioning. They are currently occupied with making big data an integral part of their production and marketing decisions. According to a 12-month prediction, its high estimate stands at US$219.9 well above its current value of US$151.21.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
