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Artificial intelligence (AI) stocks are one of the most profitable investments in 2022. There is still a lot of growth potential in this industry as it is still in its infancy. The selection of the right AI stock, on the other hand, can be a complicated process. If you are looking to make long-term investments in AI stocks, then it is important that you find companies that have an established track record of growth in the industry and are leaders in the field. In addition to having a strong financial foundation and a bright future, the company you choose should also have a good reputation. As a guide to choosing the best long-term AI stock pick, here are ten of the top long-term AI stocks that you should consider investing in;
Alphabet Inc. (GOOG, GOOGL)
https://abc.xyz
Google's parent company, Alphabet Inc., has been on a tear lately. With its Google AI research division leading both basic and applied research in AI, the company is a powerhouse ie space. Despite its long history of working on artificial intelligence, Google is beginning to reap significant rewards. In fields such as natural language processing, computer vision, and machine learning, the company has made significant progress. As one of the world's most ambitious AI projects, Google Brain is already bearing fruit. AI initiatives at Alphabet go beyond research. As reported by MoneyCrashers, Google has also commercialized its technology through Google Assistant, Google Home, and the Google Pixel. It is now starting to challenge Amazon's e-commerce dominance with its AI-powered search engine. AI also helps Alphabet's advertising business. With machine learning, the company is able to target ads more effectively on its DoubleClick platform. Alphabet's stock is a must-own for long-term investors in the AI space.
Meta Platforms Inc. (FB)
https://about.facebook.com
Over 2 billion people use Facebook today, making it one of the most popular social networking platforms. The company is also a leading AI provider. AI is a major investment area for the company, which has acquired many AI startups. A new AI research lab called FAIR is also being built by the company. Revenues have grown almost 50% in the last five years, and are expected to continue growing. This will result in stock prices rising. Long-term, the stock is still a good investment despite its high price.
Microsoft Corp. (MSFT)
https://www.microsoft.com
With its Azure cloud platform and a variety of AI-powered products and services, this tech giant has been a major player in the AI race. A key part of Microsoft's AI strategy is delivering "intelligent cloud services" and "pervasive artificial intelligence." The Azure platform is used by a number of major corporations, including Walmart (WMT), General Electric (GE), and Autodesk (ADSK). AI-powered Azure services include Azure Cognitive Services, Machine Learning, and Bot Service. AI expertise is not required to create intelligent applications using these services. As well as investing heavily in research and development, Microsoft is also investing heavily in AI. An AI and Research Group has been established at the company, which is headed by Harry Shum, an accomplished researcher. It develops Microsoft's core AI technology, which is used in products like Cortana, Skype Translator, and Xbox Kinect.
International Business Machines Corp. (IBM)
https://www.ibm.com
For decades, IBM has been a pioneer in artificial intelligence technology, making it one of the world's oldest and largest tech companies. Among the company's AI products and services is its Watson platform, which is used by businesses in a variety of industries for data analysis and customer service. The stock of IBM has performed well due to IBM's heavy investment in AI. Some of the largest companies in the world use the company's AI products, making it a leader in the enterprise AI market.
Palantir (PLTR)
https://www.palantir.com
Palantir specializes in the analysis of big data and was founded in 2004. A direct listing is expected to take place in September 2020. Gotham and Foundry are Palantir's main products. The government and law enforcement agencies use Gotham to track down criminals and terrorists, according to Sensoriumxr. Data management is handled by Foundry by corporations. While Palantir is still a relatively new public company, it has quickly established itself as a leader in the AI software industry. A few years after its public debut, the company's stock has soared, making it one of the world's most valuable AI companies.
Nvidia Corp. (NVDA)
https://www.nvidia.com
The GPUs developed by Nvidia are used by many of the world's largest companies in artificial intelligence. Shares of the company have surged in recent years, but there is still room for growth. Graphics processors (GPU) are a huge market, and Nvidia is a powerhouse in this space. In the high-end GPU market, Jon Peddie Research estimates that the company has a market share of more than 70%. In addition to gaming, the company's GPUs are used in data centers, automotive, and professional visualization applications. Artificial intelligence (AI) is also increasingly using GPUs from Nvidia. Alphabet (GOOGL), Google, Facebook (FB), and Amazon (AMZN) are among the largest technology companies using their GPUs, which have been a leader in developing new AI technologies. It's no secret that Nvidia shares have soared in recent years, but they may still have some room to expand. Several secular trends are helping the company, including growth in gaming, professional visualization, and data centers. The importance of Nvidia's AI position will only increase in the future.
Amazon.com Inc. (AMZN)
https://ir.aboutamazon.com
There is no way to talk about the future of AI without mentioning Amazon. Amazon Web Services (AWS) and Alexa, the voice assistant and cloud platform from the company, already make it a major player in the market. A major part of Amazon's research and development budget is dedicated to developing new AI applications. To attract top AI talent, the company announced in 2018 that an "AI hub" would be opened in Canada. Aside from looking to the future, Amazon is also making money today through artificial intelligence. The Alexa device helps Amazon's growth, as its sales drive sales of the device. Amazon Web Services is also a major revenue generator for the company. AI services offered by Amazon Web Services include machine learning, deep learning, and natural language processing. Tech giants like Netflix (NFLX) and Facebook (FB) use these services. A stock like Amazon should be on every investor's radar since it is a clear leader in the artificial intelligence space.
DocuSign (DOCU)
https://www.docusign.com
Electronic signature technology provider DocuSign is a leader in the industry. Over 400,000 companies worldwide use the company's technology, including Microsoft (MSFT), Salesforce (CRM), and Apple (AAPL). Using the company's technology, users can sign documents electronically, eliminating the need for paper signatures. The purpose of this is not only to save trees but also to reduce fraud risk and improve business transactions. With the continued shift to digital business transactions, DocuSign's technology is well positioned to benefit. Aside from electronic signatures, the company is expanding its product offerings in order to drive future growth.
Intel (INTC)
https://www.intc.com
As one of the world's leading computer chip manufacturers, Intel plays an important role in the development of artificial intelligence. As a leader in self-driving cars, drones, and other AI applications, the company is well-positioned to continue leading the way in this rapidly growing field. Even though Intel's stock price has been fairly flat over the past year, the company is still an excellent long-term investment. In terms of financial performance, Intel is a well-established company with a good track record. AI is another area where the company leads and is well positioned to continue to grow. AI investors should consider Intel as a great long-term investment.
Netflix (NFLX)
https://www.google.com
There's a good reason Netflix is one of the hottest entertainment stocks on the market. Television and movies are consumed differently thanks to the company, and it's only growing. A growing number of people are canceling their cable subscriptions and switching to Netflix's cheaper and more flexible service. Having grown from just a few million subscribers to more than 190 countries in just a few years, Netflix is now available in more than 130 countries. Netflix isn't just producing shows and movies anymore. With popular shows like Stranger Things and Narcos, the company is also putting out original content. Further, Netflix uses AI to enhance its service in some ways. Based on users' viewing habits, the company uses machine learning algorithms to recommend shows and movies.
SentinelOne, Inc. (S)
https://www.sentinelone.com
Cybersecurity company SentinelOne uses artificial intelligence to protect its customers from cyber threats. The company is a leader in the industry and has a long history of growth, according to Money.Usnews. On the NASDAQ, SentinelOne's stock is publicly traded. The financial foundation and future of this AI stock are strong. Stocks of the company have increased over 150% in the last year and the market cap of the company is $3.85 billion. The company is a leader in the industry and has a strong history of growth, which makes it a good long-term investment.
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