Artificial intelligence stocks have already been on the rise in recent years, and the coronavirus pandemic has only expedited the rise. Virtually every industry can benefit from artificial intelligence, whether it’s retail stores, food supply chains, or even the average consumer who has a smartphone. Artificial intelligence stocks are rising across the board in the stock market, but here are four that stand out and may prove to fare very well in the future.
The problem IBM has had the past several years is having the image of being stuck in previous innovations and not offering as many new or relevant ones. One of the results of these actions includes their stocks being down while other competitors are up. But any investor knows winning in the stock market sometimes means buying companies when they are at lows so the highs will be more enjoyable in the future. The coronavirus pandemic has offered an interesting opportunity for IBM to positively impact the healthcare sector in particular, and investors can take advantage by investing in the company now.
Most investors have invested in Apple because of its consumer electronics and devices that everyday people use. However, anyone looking for artificial intelligence stocks to balance their portfolio management should consider the tech giant as well. Recent rumors and news indicate Apple is getting into the self-driving vehicle industry and is developing software for those vehicles. This sector relies heavily on artificial intelligence, and Apple’s long-standing reputation of innovation should give investors confidence in its ability to shift to it.
Nvidia is a widely-known company in the video game industry, but it is also a leader for artificial intelligence stocks. The graphic processors Nvidia develops are used in large retail stores to help them plan inventory and also used in other industries that rely heavily on data processing. Nvidia is almost always a good stock market investment option, and this doesn’t appear to be changing any time soon.
Alphabet is usually at the top of the list for any investor interested in artificial intelligence stocks. Google is the dominant search engine used by consumers, and the company has a copious amount of data as a result. With seemingly unlimited resources, Alphabet’s Google uses artificial intelligence to provide consumers exactly what they are looking for and at the exact time they are looking for it. Google has a reputation for being innovative in many areas, which has led some experts to believe the company has only scratched the surface when it comes to artificial intelligence applications.
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