Top 10 Artificial Intelligence Stocks to Invest in for 2021

Artificial Intelligence (AI) is an ever-growing field that has the potential to revolutionize the way we live and work. As more and more companies are adopting AI technologies, investment opportunities are abound. Here are the top 10 artificial intelligence stocks to invest in for 2021.

1. IBM (NYSE: IBM)

IBM is a leader in the AI space, with its Watson platform being widely used in various industries. The company has also continued to invest heavily in research and development, with a focus on creating AI-based products and services. IBM has demonstrated a consistent growth pattern over the past few years, with an average annual growth rate of 6%.

2. NVIDIA (NASDAQ: NVDA)

NVIDIA is already a well-known name in the gaming industry, but it has also made significant strides in the AI space. Its graphic processing units (GPUs) are widely used for AI training and inference, and the company has also released a number of AI-focused products, including its TensorRT and TensorRT Inference Server. NVIDIA’s stock has performed exceptionally well over the past few years, with an average annual growth rate of 33%.

3. Alphabet (NASDAQ: GOOGL)

Alphabet, the parent company of Google, has made significant investments in AI, with its Google Assistant and machine learning platform TensorFlow being widely used. The company has also acquired a number of AI-focused startups, including DeepMind and Kaggle. Alphabet’s stock has had a consistent growth pattern, with an average annual growth rate of 19%.

4. Amazon (NASDAQ: AMZN)

Amazon has made significant investments in AI, with its Alexa virtual assistant being one of the most widely used in the market. The company has also been using AI to automate its warehouses and delivery systems, and has invested heavily in AI-based products and services. Amazon’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 31%.

5. Microsoft (NASDAQ: MSFT)

Microsoft has been investing heavily in AI, with its Cortana virtual assistant and Azure Machine Learning platform being widely used. The company has also acquired a number of AI-focused startups, including Maluuba and Semantic Machines. Microsoft’s stock has performed well over the past few years, with an average annual growth rate of 18%.

6. Intel (NASDAQ: INTC)

Intel has been using AI in a number of its products, including its Xeon processors and Neural Compute Stick. The company has also been investing heavily in AI-focused startups, including Movidius and Nervana. Intel’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 18%.

7. Alibaba (NYSE: BABA)

Alibaba has been using AI in a number of its products, including its intelligent customer service chatbot and its recommendation algorithm. The company has also been investing heavily in AI-focused startups, including SenseTime. Alibaba’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 25%.

8. Baidu (NASDAQ: BIDU)

Baidu is a Chinese search giant that has been investing heavily in AI, with its Apollo platform being widely used. The company has also acquired a number of AI-focused startups, including KITT.AI and Raven Tech. Baidu’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 15%.

9. Salesforce (NYSE: CRM)

Salesforce has been using AI in a number of its products, including its Einstein AI platform. The company has also been investing heavily in AI-focused startups, including PredictionIO. Salesforce’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 22%.

10. Tesla (NASDAQ: TSLA)

Tesla has been using AI in a number of its products, including its Autopilot system and its manufacturing process. The company has also been investing heavily in AI-based products and services, including its FSD (Full Self-Driving) package. Tesla’s stock has had a consistent growth pattern over the past few years, with an average annual growth rate of 63%.

Conclusion

As AI continues to become more prevalent in various industries, these top 10 artificial intelligence stocks offer excellent investment opportunities. Each of these companies has made significant investments in AI, and has the potential for growth in the coming years. Investors should consider the risks associated with investing in stocks, but these AI-focused companies offer potential rewards for those willing to take the plunge.