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Artificial intelligence (AI) has been a hot topic in the tech world for years, and it shows no signs of slowing down. As AI continues to advance and become more integrated into our daily lives, it’s no surprise that investors are keeping a close eye on the industry. In this article, we’ll take a look at some of the top AI stocks to watch in 2024.

The Rise of AI

AI Trends and Predictions

AI technology
by Mohamed Nohassi (https://unsplash.com/@coopery)

According to a report by Grand View Research, the global AI market is expected to reach $733.7 billion by 2027, growing at a CAGR of 42.2%. This growth is driven by the increasing adoption of AI in various industries, including healthcare, finance, and retail.

Some of the key trends and predictions for AI in the coming years include:

  • The rise of AI-powered virtual assistants and chatbots in customer service and support
  • Increased use of AI in healthcare for diagnosis, treatment, and drug discovery
  • The integration of AI in self-driving cars and other autonomous vehicles
  • The use of AI in cybersecurity to detect and prevent cyber attacks
  • The growth of AI-powered personalization in marketing and advertising

With these trends in mind, let’s take a look at some of the top AI stocks to watch in 2024.

List of AI Stocks to Watch

Alphabet Inc. (GOOGL)

Alphabet Inc., the parent company of Google, is a leader in the AI industry. Google’s AI technology, including its popular Google Assistant, is used in a variety of products and services, from smartphones to smart home devices. In addition, Google’s AI-powered search engine and advertising platform make it a top player in the industry.

NVIDIA Corporation (NVDA)

NVIDIA Corporation is a leading manufacturer of graphics processing units (GPUs) used in AI applications. Its GPUs are used in data centers, self-driving cars, and other AI-powered devices. In addition, NVIDIA has been investing heavily in AI research and development, making it a top contender in the industry.

Amazon.com, Inc. (AMZN)

Amazon.com, Inc. is another tech giant that has been heavily investing in AI. Its popular virtual assistant, Alexa, is powered by AI and is used in a variety of Amazon’s products, including its Echo devices and Fire TV. In addition, Amazon’s AI technology is used in its e-commerce platform to personalize recommendations for customers.

Microsoft Corporation (MSFT)

Microsoft Corporation is another major player in the AI industry. Its AI technology, including its virtual assistant Cortana, is used in a variety of products and services, from its Windows operating system to its Office 365 suite. In addition, Microsoft has been investing in AI research and development, making it a top contender in the industry.

IBM Corporation (IBM)

IBM Corporation has been a leader in AI research and development for decades. Its AI technology, Watson, is used in a variety of industries, including healthcare, finance, and retail. In addition, IBM has been investing in AI-powered cloud services, making it a top player in the industry.

Salesforce.com, Inc. (CRM)

Salesforce.com, Inc. is a leading provider of customer relationship management (CRM) software. Its AI-powered Einstein platform is used to personalize customer interactions and provide insights for sales and marketing teams. In addition, Salesforce has been investing in AI research and development, making it a top contender in the industry.

Baidu, Inc. (BIDU)

Baidu, Inc. is often referred to as the “Google of China” and is a major player in the AI industry. Its AI technology is used in a variety of products and services, including its search engine, virtual assistant, and self-driving cars. In addition, Baidu has been investing in AI research and development, making it a top contender in the industry.

Alibaba Group Holding Limited (BABA)

Alibaba Group Holding Limited is another major player in the AI industry, particularly in China. Its AI technology is used in a variety of products and services, including its e-commerce platform and cloud services. In addition, Alibaba has been investing in AI research and development, making it a top contender in the industry.

Intel Corporation (INTC)

Intel Corporation is a leading manufacturer of computer processors and has been investing heavily in AI research and development. Its AI technology is used in a variety of products and services, including data centers, self-driving cars, and other AI-powered devices.

Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. is another major player in the AI industry, particularly in the manufacturing of GPUs. Its GPUs are used in data centers, self-driving cars, and other AI-powered devices. In addition, AMD has been investing in AI research and development, making it a top contender in the industry.

Conclusion

As AI continues to advance and become more integrated into our daily lives, it’s no surprise that investors are keeping a close eye on the industry. The companies listed above are just a few of the top AI stocks to watch in 2024, but there are many others that are also worth considering. As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions. With the right investments, you could potentially see significant returns as AI continues to shape the future.

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