Best Artificial Intelligence Stocks for 2024 and Beyond!
Hey everyone, my name is Ali and welcome back to my world of stocks! Every year, I like to give you guys an update on some of my absolute favorite artificial intelligence stocks for the long term. This time, I'll be choosing six stocks in total, which is quite a lot. So, we'll have to do this in a very fast, Rapid Fire style. But it's going to be a ton of fun!
The future of AI is looking extremely bright right now, with estimates of it adding trillions of dollars to the global economy. The stocks I chose this year are some of the best, most amazing plays on that future. Some are already very giant, safer leaders, while others are smaller and riskier but also fast-growing and up-and-coming stars in the field. So, if you're with me and appreciate the hard work that goes into these videos, please consider subscribing right now. YouTube cares the most about subscriptions, so if you want to help keep my channel alive, hit that subscribe button!
Stock Number One: Nvidia (NVDA)
Let's kick things off with the biggest elephant in the room, Nvidia. When it comes to AI, it could be argued that nobody stands to benefit more from its rise than Nvidia. They not only sell the best performing hardware to power AI but also develop software for it. With their market dominance in autonomous driving, data centers, gaming, IoT, smart cities, metaverse, and generative AI, Nvidia is a solid bet for the future of AI.
Stock Number Two: C3.ai (AI)
If you want to invest in AI software technologies, look no further than C3.ai. This company specializes in providing data analytics for various industries, including banking, law enforcement, military, and asset management. Their software has shown incredible results, reducing fraud, improving risk monitoring, and optimizing supply chains. While C3.ai is a riskier stock, their growth potential makes it worth considering for the future of AI.
Stock Number Three: Microsoft (MSFT)
Microsoft has been a catalyst for the recent AI hype, with their launch of chat GPT and integration into their various products. Their cloud platform, Azure, provides the necessary computing power for AI. With services like co-pilot for enterprise, Microsoft is primed for growth in the AI space. Even at all-time high levels, Microsoft is a solid addition to any portfolio for long-term exposure to AI.
Stock Number Four: Palantir Technologies (PLTR)
Palantir is an AI data management and analysis company that provides services to government and commercial entities. They consistently win new government contracts and have shown significant financial improvement. With positive net income, strong balance sheet, and billions in cash, Palantir is a speculative stock worth considering for the future of AI.
Stock Number Five: Google (GOO)
Google collects more user data than any other company in the world. With dominant market share in search, internet browsing, video, smartphone, email, and mapping, Google has a massive amount of data to power AI. Their recent launch of Gemini, a new model incorporating various types of data, further solidifies Google's position in the AI space. Despite already climbing in price, Google is a leader in the market and offers great long-term potential.
Stock Number Six: Baidu (BIDU)
Baidu is often referred to as the "Google of China" and holds dominant market share for search in the country. They also have a significant presence in cloud computing and AI, with more AI patents than any other company. Baidu's focus on the Chinese and Asian markets gives them unique opportunities for growth in AI. While considered a riskier stock, Baidu's potential makes it a compelling AI play.
There you have it, my top six picks for artificial intelligence stocks. Each of these stocks offers different levels of risk and potential, but all are positioned to play big roles in the future of AI. Remember to do your own research and consider your investment goals and risk tolerance. Happy investing!
Frequently Asked Questions
1. Why are these the best AI stocks for 2024 and beyond?
These stocks were chosen based on their market dominance, innovation in AI technologies, and potential for long-term growth in the AI space. They represent a mix of safer, established companies and smaller, fast-growing firms.
2. What makes Nvidia a top pick for AI?
Nvidia stands to benefit greatly from the rise of AI, as they provide both hardware and software solutions for various AI applications. Their market dominance in areas like autonomous driving, data centers, and gaming makes them a solid choice for the future of AI.
3. Why should I consider investing in Microsoft for AI exposure?
Microsoft has been at the forefront of AI development, with their launch of chat GPT and integration into their products. Their cloud platform, Azure, provides the necessary computing power for AI. Microsoft offers a strong foundation for long-term exposure to AI.
4. What makes Palantir a speculative stock worth considering for AI?
Palantir specializes in AI data management and analysis, serving government and commercial entities. Their consistent contract wins, financial improvements, and strong balance sheet make them an intriguing speculative stock for the future of AI.
5. Why is Google a top AI stock despite its already high price?
Google's vast collection of user data positions them uniquely in the AI space. With dominant market share in search, browsing, video, mapping, and more, Google has the resources to power AI applications. Despite its price, Google offers great long-term potential in the AI market.
6. What sets Baidu apart as an AI stock?
Baidu, often referred to as the "Google of China," holds dominant market share in search in the country. They have a significant presence in cloud computing and AI, with the most AI patents of any company. Baidu's focus on the Chinese and Asian markets gives them a unique advantage in the future of AI.
That concludes my list of the best artificial intelligence stocks for 2024 and beyond. Remember to do your own research and consider your investment goals before making any decisions. Happy investing!
