7 Hot New AI Stock picks 🤖
Guide
September 2024
The next big revolution is already underway. Artificial intelligence is poised to transform our world in ways we can only begin to imagine, from self-driving cars and personalized medicine to automation and predictive analytics. As with every major technological shift, early investors stand to see tremendous gains. But with so much hype and uncertainty, where do you put your money? To help answer that question, we've identified 7 AI stock picks that are not just riding the wave of innovation, but shaping it.
SentinelOne, Inc. (S)
SentinelOne is at the forefront of the cybersecurity industry, using artificial intelligence to protect against the latest cyber threats. While still a relatively young company, SentinelOne has seen explosive growth by leveraging machine learning to autonomously identify malicious activity across endpoint devices. Up over 150% in the past year alone, SentinelOne's stock performance demonstrates the market's confidence in its ability to dominate the self-learning antivirus space. Backed by strong financials and leading-edge technology, SentinelOne is poised to become a long-time leader in AI-powered cybersecurity.
Netflix (NFLX)
Netflix revolutionized entertainment by making TV and movies available on-demand via streaming. But it's far from resting on its laurels - Netflix continues innovating through machine learning applications like recommendation algorithms that learn each user's preferences. With a massive trove of viewing data from over 200 million subscribers worldwide, Netflix has an unparalleled advantage in refining its AI. As it leverages this knowledge to create original blockbuster content and improve the user experience, Netflix's empire looks set to expand exponentially. Both an industry pioneer and a promising AI play, Netflix remains one of the hottest growth stocks on the market.
Intel (INTC)
As one of the founding companies of Silicon Valley, Intel established itself at the forefront of the microchip industry and continues leading the charge in AI. Through acquisitions and internal R&D, Intel provides the processing power and technology that drives everything from self-driving cars to machine translation. With its history of innovation and massive investments in AI, Intel is well-equipped to capitalize on the growing demand for high-performance computing. As a bellwether semiconductor company, Intel also offers stability - making it an ideal long-term play on artificial intelligence's inevitable proliferation.
Palantir (PLTR)
Specializing in analyzing disparate datasets, Palantir has gained notoriety through contracts with government agencies and Fortune 500 clients. Its two platforms, Gotham and Foundry, unlock insights from complex information using techniques like predictive modeling. Having established footholds in critical sectors, Palantir is positioned for continued rapid growth as more organizations adopt its data-mining solutions. With AI and machine learning integrated into its software, Palantir enables customers across industries to automate decision-making based on patterns revealed through big data analysis. This disruptive technology leader is primed for dominance as data science becomes ubiquitous.
UiPath (PATH)
UiPath has emerged as the leader in robotic process automation (RPA), deploying software "bots" to streamline workflows and boost productivity. By programming bots to handle repetitive tasks otherwise done by humans, RPA frees up employees for more strategic work. UiPath bots even use computer vision to extract data from paper documents and images. With AI and machine learning capabilities, UiPath bots become more autonomous over time - learning optimal workflows. This allows organizations to scale automation without increasing costs. As RPA adoption accelerates globally, UiPath looks positioned for continued expansion as the category flagship.
International Business Machines Corp. (IBM)
Known simply as "IBM," this century-old tech giant has been pioneering AI since before it had a name. Projects like Watson, IBM's question-answering computer, have demonstrated real-world applications for artificial intelligence. Today, IBM services like IBM Cloud and Watson Health utilize machine learning at an enterprise scale. With clients in over 175 countries, no other company has deeper expertise in data center infrastructure or integrating AI across complex IT environments. IBM also invests heavily in quantum computing, which could revolutionize AI capabilities. A leader in transferring research to business solutions, IBM remains an AI bellwether and a staple of any long-term investor's portfolio.
Cloudera (CLDR)
Big data has grown too large for spreadsheet software, and Cloudera answers the call with its data management and analytics platforms. Powered by machine learning, Cloudera helps scientists and enterprises extract insights from massive and diverse datasets. Cloudera Navigator, for example, automates data flows while anomaly detection and forecasting services are run on each customer's unique data architecture. With offerings for public and private clouds, Cloudera provides the tools needed to gain a competitive advantage through AI across every industry. As data only grows in importance, the demand for Cloudera's platforms and services will continue increasing rapidly. No other company is better equipped to make data science accessible through self-learning systems.
AI Trend
The seven companies profiled here - SentinelOne, Netflix, Intel, Palantir, UiPath, IBM, and Cloudera - represent some of the most promising AI stocks on the market. Each company is a leader in its respective niche, whether cybersecurity, entertainment, semiconductors, big data analytics or robotic process automation. More importantly, all are actively developing new artificial intelligence technologies and incorporating machine learning solutions into their business models. With AI projected to contribute over $15 trillion to the global economy by 2030, according to some estimates, investing in these innovative corporations puts your portfolio at the forefront of one of the most consequential technologies of our time.
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