Artificial intelligence (NYSE:AI) stocks have been gaining attention in recent months as more companies integrate AI into their operations. From chatbots to self-driving cars, AI is changing the way businesses operate and investors are taking notice. As a result, retail investors are looking at AI as the next investment opportunity. To help navigate through the vast array of options, we asked our experts which AI stocks are worth investing in.
One company that has been making headlines is C3.ai (AI 1.53%). The stock rallied out of the gate on Friday, climbing as much as 7.6%. At 12:32 p.m. ET today, the stock was still up 4.2%. C3.ai provides a software platform that allows businesses to develop and operate AI applications. The platform is designed to be scalable and can be used across different industries. The company has partnerships with major corporations such as Microsoft and Intel.
Speaking of Microsoft (NASDAQ:MSFT), the company is wasting no time in leveraging its investment in OpenAI. OpenAI is a research organization that is dedicated to developing AI in a safe and beneficial way. Microsoft invested $1 billion in the company in 2019. Since then, OpenAI has made significant breakthroughs in AI research. Microsoft has been quick to incorporate OpenAI's research into its products, such as its chatbot Xiaoice.
Another company to watch is Nvidia (NASDAQ:NVDA). Nvidia is a semiconductor company that produces graphics processing units (GPU) for gaming and professional markets. However, the company has also been investing heavily in AI. Its GPUs are used in data centers around the world for machine learning and deep learning applications. As AI becomes more prevalent, Nvidia is well-positioned to benefit from the trend.
Alphabet (GOOG, GOOGL) is another company that should be on investors' radar. The threat of ChatGPT, OpenAI's chatbot, has put pressure on Alphabet's search business. However, the company is not standing still. Alphabet has been investing in AI for years and has developed its own machine learning platform, TensorFlow. The platform is used by Google to power its search engine, as well as other products such as Google Photos and Google Translate.
Other companies that are worth considering for AI investment include Upstart Holdings (NASDAQ:UPST), a lending platform that uses AI to underwrite loans; UiPath (NYSE:PATH), a platform for automating business processes; and Palantir Technologies (NYSE:PLTR), a data analytics company that provides solutions for complex data analysis.
Investors still have the potential to profit handsomely from these companies that are using artificial intelligence to their advantage. As AI continues to disrupt industries and change the way businesses operate, these companies are well-positioned to benefit from the trend. However, as with any investment, it is important to do your research and understand the risks involved.
