It is now two years after the 24-year-old Jack Kellogg made a voluminous kill of USD8 million in 24 months just trading stock. With only five years into his craft, many people now recognize stock trading as an important step towards financial freedom. Jack later revealed the need to remain flexible as a secret sauce that makes all the difference when looking for the best AI stocks to invest in for long-term growth.
This is how May 17, 2023, AI Stocks Looked Like
|Stock||Implied Upside Closing Price on May 17, 2023|
|Microsoft Corp. (ticker: MSFT)||8.3%|
|Nvidia Corp. (NVDA)||12.7%|
|Baidu Inc. (BIDU)||79.3%|
|Alphabet Inc. (GOOGL, GOOGL)||5.49%|
|Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)||32%|
Source: US News
However, the stock market continues to send mixed signals despite AI stocks shouldering the greatest share of highs. For example, on Tuesday 30, 2023, Nvidia (NVDA) came off highs but later closed modestly while most of the market remained flat. Further, the white-hot artificial intelligence play C3.ai (AI) is promising for Wednesday, May 31, 2023. Here we highlight some of the best AI stocks to invest in based on real market trends.
The Best AI Stocks for Long term Growth
Artificial intelligence (AI) has revolutionized various industries and is rapidly shaping the future of technology. Let’s explore some of the best AI stocks to consider adding to your investment portfolio. These companies have demonstrated strong performance, innovative products, and a solid foundation for sustained growth in the AI industry.
Alphabet Inc. (NASDAQ: GOOGL)
Alphabet, the parent company of Google, has been at the forefront of AI research and development. Its subsidiary, Google Brain, is known for groundbreaking work in machine learning. Alphabet’s vast resources and dominant market position make it a reliable choice for AI investments. Additionally, Google’s cloud platform offers AI-related services, attracting enterprise customers and driving revenue growth.
Microsoft Corporation (NASDAQ: MSFT)
Microsoft has made significant strides in AI, particularly with its Azure cloud platform. Azure offers a range of AI services, such as natural language processing and computer vision, which are essential for businesses looking to integrate AI into their operations. Microsoft’s established customer base and commitment to AI innovation make it an attractive investment option.
Advanced Micro Devices, Inc. (NASDAQ: AMD)
AMD is another leading semiconductor company that plays a crucial role in AI technology. Their high-performance CPUs and GPUs have gained popularity among AI researchers and developers. AMD’s partnership with leading tech companies, along with its focus on delivering AI-centric solutions, makes it an attractive investment choice in the AI sector.
Baidu, Inc. (NASDAQ: BIDU)
Known as the “Google of China,” Baidu has made significant advancements in AI research and development. The company’s AI-driven services include autonomous driving, voice recognition, and natural language processing. Baidu’s dominant position in the Chinese market, along with its strategic partnerships and continued investments in AI, makes it an intriguing AI stock for investors.
NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA is a leader in designing graphics processing units (GPUs) that are crucial for AI computations. Their GPUs are widely used in AI applications, including deep learning and autonomous vehicles. With a strong market presence, NVIDIA’s AI-related revenues have been growing steadily. Furthermore, the company’s ongoing investments in AI research and development position it well for future growth.
In summary …
Investing in AI stocks can provide substantial long-term growth opportunities. The companies mentioned in this blog—Alphabet, NVIDIA, Microsoft, AMD, and Baidu—have demonstrated their commitment to AI innovation, showcased strong financial performance, and possess the potential for sustained growth.
However, as with any investment, it’s essential to conduct thorough research, consider risk factors, and consult with a financial advisor before making any investment decisions. By keeping up with the latest AI advancements and monitoring market trends, you can position yourself to benefit from the exciting growth prospects of the AI industry.
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