Top 5 Best Artificial Intelligence Stocks for Investors in 2021
Artificial Intelligence (AI) has been a buzzword for years now, and the advancements made in this technology field are massive. It has become a must-have for every business wanting to stay competitive. The AI market was valued at USD 27.23 billion in 2019 and is expected to reach USD 266.92 billion by 2027, growing at a compound annual growth rate (CAGR) of 33.2% from 2020 to 2027. With such a promising future, it’s no surprise that investors are flocking to invest in AI companies. In this article, we’ll discuss the top 5 best AI stocks for investors in 2021.
1. Alphabet Inc. (NASDAQ: GOOGL)
Alphabet Inc. (Google) is one of the leading players in the AI industry. It has invested heavily in AI, and its deep learning algorithms are some of the best in the market. Alphabet’s AI-powered products, such as Google Assistant and Google Photos, have gained immense popularity. Moreover, the company’s AI-powered advertising platform, Google AdWords, has been a key revenue driver for the company. With a market capitalization of USD 1.48 trillion and a P/E ratio of 29.43, Alphabet is considered one of the best AI stocks to invest in.
2. NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA Corporation is a leading AI chipmaker that designs graphics processing units (GPUs) for gaming and professional markets. The company’s GPUs are the most powerful in the market and are widely used in AI training. NVIDIA’s AI products and services, such as its DGX platform and TensorRT software, have gained immense popularity among data analysts and businesses. With a market capitalization of USD 350.24 billion and a P/E ratio of 90.04, NVIDIA is one of the most promising AI stocks to invest in.
3. International Business Machines Corporation (NYSE: IBM)
International Business Machines Corporation (IBM) is one of the oldest players in the AI industry. The company’s AI-powered products, such as Watson, have gained immense popularity. Moreover, the company’s AI services, such as IBM Cloud and IBM Watson Studio, have helped businesses with AI integration and deployment. With a market capitalization of USD 117.35 billion and a P/E ratio of 22.38, IBM is a good AI stock to invest in for those looking for long-term growth.
4. Microsoft Corporation (NASDAQ: MSFT)
Microsoft Corporation is one of the leading players in the tech industry, and its AI products and services have gained immense popularity. The company’s AI-powered virtual assistant, Cortana, has gained prominence, and its AI-powered products, such as Microsoft Dynamics 365, have helped businesses with AI integration and deployment. With a market capitalization of USD 1.43 trillion and a P/E ratio of 37.51, Microsoft is a robust AI stock to consider for long-term investment.
5. Amazon.com, Inc. (NASDAQ: AMZN)
Amazon.com, Inc. is one of the largest e-commerce companies in the world, and its AI-powered products and services have gained immense popularity. The company’s AI-powered voice assistant, Alexa, has become a household name, and its AI-powered products, such as Amazon Web Services’ (AWS) machine learning products, have helped businesses with AI integration and deployment. With a market capitalization of USD 1.59 trillion and a P/E ratio of 75.52, Amazon is a good AI stock to consider for long-term growth.
Conclusion
AI is becoming increasingly popular in the business world, and the companies listed above are some of the best in the industry. These AI stocks are likely to offer investors excellent returns over the long run. It’s important to note that investing in AI stocks involves certain risks and challenges, like any other investment. Therefore, it’s always advisable to consult a financial advisor before making any investment decisions.
