Introduction
Artificial Intelligence (AI) has been one of the most exciting technologies to watch in recent times. While its growth has been steady, it has managed to surpass expectations, and it’s only set to grow in the coming years. For investors, the growth of AI presents an excellent opportunity to make significant profits in the stock market. Nonetheless, choosing the right AI stock to invest in can be challenging, given the numerous options available. In this article, we’ll explore the top five AI stocks that you should consider buying in 2021 if maximum profits are what you’re after.
1. Nvidia Corporation (NVDA)
Nvidia Corporation is a technology company that specializes in manufacturing graphics processing units (GPUs). Since GPUs are a vital component of AI development, Nvidia is a leading player in the AI industry. It’s no wonder that its stock has grown exponentially over the years, making it a lucrative investment option. In addition, Nvidia recently announced that it’s acquiring Arm Holdings, a company that designs chips widely used in smartphones. The acquisition will undoubtedly give Nvidia an edge in the mobile chip market and solidify its position in the AI industry.
2. Microsoft Corporation (MSFT)
While Microsoft is popularly known for its Windows operating system, it has also established a presence in the AI industry with its Azure machine learning platform. Azure has proven to be an invaluable resource for AI developers, thanks to its versatility and ease of use. Furthermore, Microsoft’s recent acquisition of Nuance Communications, a company that specializes in conversational AI, has positioned the company as a leading player in the AI industry. By investing in Microsoft, you’re investing in a company that’s committed to pushing the boundaries of AI technology.
3. Alphabet Inc. (GOOGL)
Alphabet Inc., the parent company of Google, has been at the forefront of AI development for years. Google’s search algorithms, speech recognition, and image recognition technologies all rely on AI, making Alphabet a leading player in the industry. In addition, Google’s acquisition of DeepMind Technologies, a company that specializes in deep learning, has further solidified Alphabet’s position in the AI industry. By investing in Alphabet, you’re investing in a company that has a proven track record of leveraging AI to create innovative products and services.
4. Salesforce.com Inc. (CRM)
Salesforce.com is a software company that specializes in customer relationship management (CRM). While it may not be an obvious choice for an AI investment, Salesforce.com has made significant strides in the AI industry. The company’s Einstein AI platform offers personalized recommendations to sales representatives and helps them make informed decisions. Additionally, Salesforce.com’s acquisition of Tableau Software, a data visualization company, has strengthened its data analytics capabilities. By investing in Salesforce.com, you’re investing in a company that’s leveraging AI to revolutionize the sales industry.
5. Amazon.com Inc. (AMZN)
Amazon.com has established itself as a leader in the e-commerce industry, thanks to its vast network of distribution centers and efficient logistics. However, its AI initiatives shouldn’t be ignored. Amazon’s Alexa virtual assistant and its recommendation algorithms both rely heavily on AI. Furthermore, Amazon’s acquisition of Zoox, an autonomous driving company, highlights the company’s commitment to leveraging AI in the transportation industry. By investing in Amazon.com, you’re investing in a company that’s using AI to further disrupt traditional industries.
Conclusion
Investing in the right AI stocks in 2021 can lead to significant profits. While there are numerous options available, Nvidia Corporation, Microsoft Corporation, Alphabet Inc., Salesforce.com Inc., and Amazon.com Inc. are all excellent investment opportunities. These companies have proven track records of leveraging AI to innovate, and their stocks are set to grow in the coming years. As with any investment, it’s important to do your research and consider all factors before making a decision. Nonetheless, these five companies should pique your interest if you’re interested in adding AI stocks to your portfolio.
