Artificial Intelligence Stocks: Top AI Stocks (2023)

As the world becomes increasingly reliant on technology, artificial intelligence (AI) is becoming a hot investment opportunity. Artificial intelligence stocks are a way for investors to cash in on the growing demand for AI-powered products and services. Countless companies stand to benefit from the AI revolution, and investors must carefully consider which stocks to buy.

According to market research firm IDC, revenues for the global artificial intelligence industry, including software, hardware, and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion.

“AI has emerged as the next major wave of innovation. AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes. Advancements in language, voice and vision technologies, and multi-modal AI solutions are revolutionizing human efficiencies,” said Ritu Jyoti, group vice president, Worldwide Artificial Intelligence (AI) and Automation Research at market research firm IDC. “Overall, AI plus human ingenuity is the differentiator for enterprises to scale and thrive in the era of compressed digital transformation.”

This rapid growth is being driven by advances in computing power and data storage, as well as the increasing availability of AI-powered applications such as facial recognition and natural language processing (NLP).

While there are a number of different AI stocks to buy, some of the most popular companies creating AI technology include Google, Microsoft, Meta, and Amazon. These companies are at the forefront of developing and implementing AI technologies, and their stocks are likely to continue to perform well as the demand for AI grows. If you’re looking to invest in AI stocks, these are a few of the best stocks to consider.

Top AI Semiconductor Stocks

NVIDIA (NASDAQ: NVDA)

NVIDIA Corporation (NASDAQ: NVDA) is one of the leading companies in AI. The company’s graphics chips are used in many AI applications, including self-driving cars. NVIDIA has also developed its own deep learning platform, calledCUDA, which allows developers to train neural networks on NVIDIA GPUs.

Intel Corporation (NASDAQ: INTC)

Intel’s processors are used in many AI applications, including self-driving cars and robots. Intel has also developed its own deep learning platform, called OpenVINO, which allows developers to train neural networks on Intel processors.

Micron Technology (NASDAQ: MU)

Micron’s memory chips are used in many AI applications, including data centers and self-driving cars. Micron has also developed its own deep learning platform, called Valence, which allows developers to train neural networks on Micron GPUs.

Qualcomm (NASDAQ: QCOM)

Qualcomm’s processors are used in many AI applications, including self-driving cars and robots. Qualcomm has also developed its own deep learning platform, called Zeroth, which allows developers to train neural networks on Qualcomm processors.

Top AI Cloud Computing Stocks

Alphabet Inc.’s (NASDAQ: GOOGL)

Google is a major player in AI. Google has been investing heavily in AI, and its research arm, Google Brain, is at the forefront of deep learning research. YouTube parent company Alphabet has used its deep learning expertise to develop products such as the Google Translate app, Google Photos search feature, and YouTube recommendations.

Amazon.com, Inc. (NASDAQ: AMZN)

Amazon’s Amazon Web Services (AWS) cloud computing platform offers a variety of AI services, including machine learning and natural language processing. Amazon is also using AI in its e-commerce business, with features such as product recommendations and customer support chatbots.

Microsoft Corporation (NASDAQ: MSFT)

Microsoft has developed its own deep learning platform, called Cognitive Services, which offers a variety of AI services to developers. Microsoft is also using AI in its products, such as the Cortana digital assistant and the Bing search engine.

Microsoft’s cloud computing network, Azure, has about (21%) market share behind its nearest competitors, AWS (33% market share) and Google Cloud (8%), according to the market research firm, Canalys.

IBM (NYSE: IBM)

IBM has been working on AI projects for many years, and its Watson platform is one of the most well-known AI products. IBM is using Watson to augment human intelligence across a variety of industries, including healthcare, finance, and education.

Meta Platforms Inc. (NASDAQ: META)

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Baidu (NASDAQ: BIDU)

Baidu is one of the leading companies in AI. The company has developed its own deep learning platform, called PaddlePaddle, which allows developers to train neural networks on Baidu GPUs. Baidu is also using AI in its products, such as the DuerOS digital assistant and the Xiaodu smart speaker.

Top AI Platform Stocks

Apple (NASDAQ: AAPL)

Apple is using artificial intelligence in its products, such as the Siri digital assistant and the Apple Maps app. Apple is also using AI in its research, such as its work on self-driving cars.

Netflix (NASDAQ: NFLX)

Netflix has been at the forefront of AI for years. Products like their streaming service and chatbot rival “Chorus” are powered by humanlike intelligence, helping millions enjoy TV shows as if they were really there live! In addition to this impressive tech feat-they’re also working on projects such NLP or computer vision that will sooner than later make life easier both inside your house AND out exploring new places far away from home–so stay tuned because what happens next could be nothing short but incredible…

Salesforce.com (NYSE: CRM)

Salesforce Einstein is artificial intelligence built into the core of the Salesforce Platform. When combined with Sales Cloud, Einstein helps with scoring, actionable insights, and predictive forecasting. Salesforce has been working on artificial intelligence projects for years, and they’re still going strong.

Salesforce Einstein is pre-built for Lead Scoring, Account Insights, Sales Forecasting, Activity Capture, and Sales Analytics. Einstein provides insights only from data inside your Salesforce Platform.

Salesforce acquired MuleSoft Inc. (previously NYSE: MULE) inĀ March 2018. MuleSoft is a leading provider of integration software. MuleSoft’s Anypoint Platform uses AI to provide insights into the performance of integration processes.

C3.AI (NYSE:AI)

C3.AI provides enterprise-scale AI applications using software-as-a-service. C3.AI is also using AI in its products, such as the C3 IoT platform and the C3 AI Suite.

SentinelOne, Inc. (NYSE:S)

SentinelOne’s products use machine learning to protect against malware and other threats. SentinelOne is also working on a number of other AI projects, such as NLP and computer vision.

Palantir Technologies Inc. (NYSE:PLTR)

Palantir’s products are used by organizations to make sense of data. Palantir is also working on a number of other AI projects, such as NLP and computer vision.

Tesla (NASDAQ: TSLA)

Tesla is revolutionizing energy with their self-driving cars and AI technology.

DocuSign Inc. (NASDAQ: DOCU)

DocuSign’s e-signature verification uses artificial intelligence to make sure that signatures are valid. DocuSign is also using AI in its products, such as the DocuSign Ink signature pad.

Other Artificial Intelligence Stocks to Consider

Ansys (NASDAQ: ANSS)

Ansys is a leading provider of engineering simulation software. Ansys’ products use AI to provide insights into complex engineering problems. Ansys is also using AI in its research, such as its work on autonomous vehicles.

Dynatrace Inc. (NYSE: DT)

Dynatrace is a leading provider of software intelligence products. Dynatrace’s products use AI to provide insights into the performance of software applications. Dynatrace is also using AI in its research, such as its work on autonomous vehicles.

PTC Inc. (NASDAQ: PTC)

PTC is a leading provider of product lifecycle management (PLM) software. PTC’s products use AI to provide insights into the performance of product development processes. PTC is also using AI in its research, such as its work on autonomous vehicles.

Adobe Inc. (NASDAQ: ADBE)

Adobe is a leading provider of creative software. Adobe’s products use AI to provide insights into the creative process. Adobe is also using AI in its research, such as its work on Photoshop and Illustrator.

eGain Corp. (NASDAQ: EGAN)

eGain is a leading provider of customer engagement software. eGain’s products use AI to provide insights into the performance of customer service processes. eGain is also using AI in its research, such as its work on chatbots and virtual assistants.

Marvell Technology (NASDAQ: MRVL)

Marvell is a leading provider of semiconductor solutions. Marvell’s products use AI to provide insights into the performance of electronic devices. Marvell is also using AI in its research, such as its work on self-driving cars. Marvell acquired Inphi Corporation in April 2021 to enhance its position in artificial intelligence. Inphi is a leading provider of high-speed data interconnect solutions. Inphi’s products use AI to provide insights into the performance of high-speed data communications networks. Inphi is also using AI in its research, such as its work on optical networking and data center interconnects.

Duos Technologies Group Inc. (NASDAQ: DUOT)

Duos Technologies Group Inc. (NASDAQ: DUOT) is a leading provider of security and surveillance solutions. Duos’ products use AI to provide insights into the performance of security and surveillance systems. Duos is also using AI in its research, such as its work on video analytics and facial recognition.

Cheetah Mobile Inc. (NYSE: CMCM)

Cheetah Mobile Inc. (NYSE: CMCM) is a leading mobile Internet security and productivity solution provider. Cheetah Mobile’s products use AI to provide insights into the performance of mobile devices and apps. Cheetah Mobile is also using AI in its research, such as its work on fraud detection and malware prevention.

iQiyi Inc. (NASDAQ: IQ)

iQiyi is a leading online video platform in China. iQiyi’s products use AI to provide insights into the performance of online video content. iQiyi is also using AI in its research, such as its work on video search and recommendation.

JD.com, Inc. (NASDAQ: JD)

JD.com is a leading e-commerce company in China. JD’s products use AI to provide insights into the performance of online shoppers. JD is also using AI in its research, such as its work on recommendation systems and user behavior prediction.

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Group Holding Limited (NYSE: BABA) is a leading e-commerce company in China. Alibaba’s products use artificial intelligence to provide insights into the performance of online shoppers. Alibaba is also using AI in its research, such as its work on recommendation systems and user behavior prediction.

Artificial Intelligence Technology Solutions Inc. (OTCPK: AITX)

Artificial Intelligence Technology Solutions is a leading provider of a AI technology solutions. AITX’s products use AI to provide insights into the performance of security and surveillance systems, video analytics, facial recognition, fraud detection, malware prevention, and more. AITX is also using AI in its research, such as its work on machine translation and automatic speech recognition.

Innodata Inc. (NASDAQ: INOD)

Innodata is a leading provider of digital data solutions. Innodata’s products use AI to provide insights into the performance of digital content and data. Innodata is also using AI in its research, such as its work on content recommendation and user behavior prediction.

Remark Holdings Inc. (NASDAQ: MARK)

Remark Holdings is a leading provider of artificial intelligence (AI)-powered global digital media industry solutions. Remark’s products use AI to provide insights into online content and advertising performance. Remark is also using AI in its research, such as its work on fraud detection and malware prevention.

AI Stocks Interactive Portfolio

The following table shows the top AI stocks, as measured by market capitalization. Please consider seeking professional advice when deciding which ai stocks to buy.

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Conclusion

Many experts believe that artificial intelligence stocks are a good investment opportunity. However, there are also some risks associated with investing in AI stocks. For example, the global artificial intelligence industry is still in its early stages of development and it is not yet clear how profitable companies creating AI solutions will be in the long term. Additionally, regulatory risks could arise if the government decides to impose stricter regulations on the use of AI technology. Nevertheless, given the potential profits that could be generated from AI-powered businesses, many investors believe that the risks in investing in artificial intelligence stocks are worth taking.