Artificial Intelligence (AI) is one of the fastest-growing technologies in the world, and many investors are looking for the best stocks to invest in
Artificial Intelligence (AI) is one of the fastest-growing technologies in the world, and many investors are looking for the best stocks to invest in. If you’re looking to invest in the AI industry, then you’ll want to know about the top three AI stocks to watch this week. In this article, we’ll explore the three most promising AI stocks to watch, including their tickers, what they do, and why they are worth considering.
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Introduction to AI Stocks
Artificial intelligence (AI) is a rapidly growing industry that is changing the way we live, work, and interact with technology. AI is being used in a wide range of applications, from self-driving cars to healthcare and finance. As a result, there is an increasing demand for companies that specialize in AI technologies. In this article, we’ll look at three companies that are at the forefront of the AI industry and could potentially provide investors with solid returns.
Verses Technologies Inc, Ticker VERS, Trading on the NEO Exchange
Verses Technologies is a cognitive computing company that specializes in next-generation AI. The company is the developer of KOSM™, the world’s first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows. Verses is one to watch for the future because of its innovative approach to AI technology. The company’s unique platform has the potential to revolutionize the way we use and interact with AI.
Micron Technology, Ticker MU, Trading on the NASDAQ
Micron Technology is a leading manufacturer of high-performance memory and storage hardware that powers AI solutions. The chipmaker’s products are used in data centers and self-driving cars. Micron’s stock has been on the rise recently, thanks in part to the increased demand for AI solutions. With the growing popularity of AI-powered applications, Micron’s products are expected to see an increase in demand in the future, making it a potentially lucrative investment.
Oracle, Ticker ORCL, Trading on The New York Stock Exchange
Oracle is a leading provider of cloud computing infrastructure, software, and hardware. The company offers the AI-capable Oracle Cloud Infrastructure, which is used by many businesses to power their AI solutions. Oracle recently expanded its partnership with chipmaker Nvidia to expand the AI capabilities it offers to enterprise customers. With the increasing demand for AI solutions, Oracle’s stock is expected to see continued growth in the future.
Other Promising AI Stocks to Watch
In addition to the top three AI stocks we’ve highlighted in this article, there are several other promising companies that are worth considering. These include:
- NVIDIA Corporation (NVDA)
- Alphabet Inc. (GOOGL)
- Amazon.com Inc. (AMZN)
Risks and Considerations
While investing in AI stocks can be a smart move, it’s important to keep in mind that all investments come with risks. One of the main risks associated with investing in AI stocks is the fact that the technology is still relatively new and rapidly evolving. This means that there is a high degree of uncertainty surrounding the future of the industry, which can make it difficult to predict which companies will be successful in the long term. Additionally, the AI industry is highly competitive, and there is always the risk that new technologies or companies will emerge and disrupt the industry.
Conclusion
In conclusion, the AI industry is expanding at an unprecedented rate, and investors are keen to identify companies that can provide solid returns. Verses Technologies, Micron Technology, and Oracle are three AI stocks that investors should keep an eye on. Verses are at the forefront of cognitive computing, Micron Technology produces high-performance memory and storage hardware, and Oracle is a leading provider of cloud computing infrastructure, software, and hardware. Furthermore, Nvidia, Alphabet, and Amazon.com are other promising AI stocks to consider.
However, investing in AI stocks comes with risks, as the technology is still in its infancy, and there is a high level of uncertainty around the future of the industry. Additionally, competition is intense, and there is always the risk of new technologies or companies emerging to disrupt the industry. As such, investors should conduct thorough research and consider the risks before investing in any AI stock. Overall, the AI industry has tremendous potential, and investors who choose wisely could reap significant rewards in the long term.
COMMENTS
The graphs you included are very helpful in seeing how a company’s stocks have been doing lately. It helps see things quicker, at a glance.
Haven’t been following Micron Technology but I will from now on. I already invest in Oracle and Verses. Verses should be a great investment and will most likely offer best results in 2024.
While these companies are now a bit more in the spotlight and any savvy investor should add them to their portfolio, I also look for the companies where things seem “quiet”. Companies that are working on something and could explode in a few months to a year. Alphabet will probably do so when their AI project starts bearing fruit.