There’s a revolution happening in the rising world of artificial intelligence.
Millions now interact with AI directly or indirectly, whether they know It or not. It’s in our phones, in our cars, and everywhere around us. But, who are the companies that are getting bigger off of this rising technology? Let’s look at 10 AI companies that could make a wise part of any tech stock portfolio.
Alphabet (GOOG, GOOGL)
Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015. With many observers believing AI could be a winner-take-all market, GOOG has the resources, motivation and experience to win, which likely make it one of the best artificial intelligence stocks to buy.
Nvidia Corp. (ticker: NVDA)
NVIDIA’S Invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI — the next era of computing — with the GPU acting as the brain of computers, robots, and self-driving cars that can perceive and understand the world. Sony (SNE) partnered with Nvidia to introduce a car prototype at the Consumer Electronics Show 2020. NVDA is marketing itself to automakers as the go-to solution for unified architecture across software, AV chips, data centers and more. It is one of the best stocks to buy in 2020.
Salesforce (CRM)
Salesforce, is a customer relationship management software company, that often acquires popular tech startups as a means of improving its software-as-a-service (SaaS) offerings. It acquired Bonobo AI in 2019, as an in to deliver automated analysis of customer phone calls, texts and chats. Salesforce Einstein, the AI-powered software the company uses data to identify previously unseen business patterns, deliver the hottest sales leads, predict what marketing copy will perform best and optimize how businesses operate and convert. Salesforce and a handful of the other best AI companies are large-cap growth stocks, growing their sales by more than 20% each year. Some expect profits to advance 18% annually for the next five years.
Alteryx (AYX)
Alteryx is a leader in Analytic Process Automation (APA). The Alteryx APA Platform™ unifies analytics, data science and business process automation in one easy-to-use platform to accelerate digital transformation. Every day, hundreds of businesses realize significant gains from the Alteryx APA platform, including Audi, Experian, McDonald’s, Unilever, and Vodafone. AYX’s software is an increasingly relevant tool for the mainstreaming of AI; its products allow data scientists and analytical professionals to collaborate with each other to discover data-based insights and deploy new machine learning code. Expect a possible revenue growth of around 20% in 2020 and 30% in 2021.
IBM (IBM)
IBM is unmatched in the breadth of its open source involvement. From quantum and blockchain to containers, AI, and operating systems, they are actively leading in today’s most influential projects and creating new projects to push technology forward for tomorrow. IBM makes a conversational AI assistant for businesses, AI-powered tools to prevent financial fraud and manage customer life cycles, and software that can deliver health care insights to help save lives.
Amazon.com (AMZN)
Amazon.com, Inc., is a multinational technology company based in Seattle, Washington. They focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. They are the second company ever to reach a $1 trillion valuation. Amazon has an amazing selection of products.
Microsoft Corp. (MSFT)
Microsoft Corporation develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Microsoft’s cloud computing service, Azure, is home to AI-driven tools for medicine, language, robotics, medical imaging and many other areas. A 2019 $1 billion investment in Elon Musk-founded OpenAI aims to produce the Holy Grail of AI, artificial general intelligence (AGI) – the technology that can do anything human intelligence can.
Twilio (TWLO)
Twilio allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs. The business is worth about $27 billion.
Tencent (TCEHY)
Tencent, is a Chinese multinational technology conglomerate holding company. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. TCEHY has recruited several top AI experts in recent years from rivals including Microsoft and Baidu.
Facebook (FB)
The Facebook company builds technologies that give people the power to connect with friends and family, find communities and grow businesses. Facebook is automating self-teaching algorithms to improve its News Feed algorithm. It’s also using AI to screen for hate speech and fake news.
The best AI stocks to buy:
- Alphabet (GOOG, GOOGL)
- Nvidia Corp. (NVDA)
- Salesforce (CRM)
- Alteryx (AYX)
- IBM (IBM)
- Amazon.com (AMZN)
- Microsoft Corp. (MSFT)
- Twilio (TWLO)
- Tencent (TCEHY)
- Facebook (FB)