Top Artificial Intelligence Stocks

by Fred Fuld III

So what is artificial intelligence?

It is perceiving, synthesizing, and inferring information demonstrated by machines, as opposed to intelligence displayed by humans.

It usually involves the use of big data, which is basically an enormous amount of information that is too large or complex to be dealt with by traditional database software.

According to Fortune Business Insights, the global AI market size is projected to grow from $387.45 billion in 2022 to $1394.30 billion in 2029 at a compound annual growth rate of 20.1% in the forecast period.

Precedence Research said that the artificial intelligence market size is expected to be over $1.5 trillion by the year 2030.

AI has many uses including deep learning, software development, advertising and the media.

In case you haven’t head by now, AI can be used to create an article from just a simple one sentence request.

You can see an example of this at OpenAI ChatGBT.

Here is a poem example:

In addition, OpenAI can create images and art from a simple suggestion.

So how does an investor participate?

All the major tech companies use AI in some fashion, but there are a few purer plays. Here are a few stocks that utilize big data and artificial intelligence in a big way.

• C3.ai (AI)

• Palantir (PLTR)

• MongoDB (MDB)

• Palo Alto Networks (PANW)

• Verint Systems Inc. (VRNT)

C3.ai (AI), which has a great stock ticker symbol, is probably the purest play in the AI arena. The company produces AI software with multiple commercial uses:

– energy management

– predictive maintenance

– fraud detection

– cyber security

– anti-money laundering

– inventory optimization

– predictive CRM

C3.ai has a $1.86 billion market cap and unfortunately is currently generating negative earnings. Quarterly revenue growth is up 7% year over year. The company is debt free and has $8.98 in cash per share.

Please note that the stock has doubled during the last month.

Hopefully , you can add some intelligence to you portfolio.

Disclosure: Author owns PLTR.