Artificial intelligence stocks (AI stocks) represent one of the most exciting and potentially lucrative industries to invest in going into 2020. In fact, artificial intelligence stocks have the potential to be some of the best performing tech stocks of the next decade along with technologies like the internet of things, 5G technology, and more.
Artificial intelligence is a technology that enables machines to complete tasks that generally require the type of natural intelligence possessed by human beings. As a result, AI tech allows computers to analyze highly complex data, gain insight from such data, and then use it to make predictions and optimize systems for performance.
AI isn’t merely one technology but rather a group of technologies that enable machines to mimic human thinking. Some of these technologies include Machine Learning (MI), Natural Language Processing (NLP), Predictive Analysis, Image Recognition, and Robotics.
The artificial intelligence market was valued at $23.94 billion in 2018. It is expected to grow to $208.49 billion by 2025, a compound annual growth rate (CAGR) of 36.2%.
The technology is already promising to transform everything from automobiles to healthcare to online advertising. This creates many opportunities to invest in companies that are leveraging AI for their own businesses. Here’s a list of some of our favorites.
They’ve also acquired the British DeepMind project. Google uses the technology with Gmail, Maps, its cloud system, Photos, its Home device, and more. They are also poised to become a top player in autonomous vehicles, which rely heavily on AI.Shares of Google have been climbing steadily since June and are currently trading around $1,300. They boast a robust PE ratio of about 28 and an EPS of about $46.
As they tell it, NVIDIA has evolved the GPU into, “a computer brain at the exciting intersection of virtual reality, high performance computing, and artificial intelligence.”
Like Google, NVIDIA stock has been climbing steadily since June but trades around a much more affordable $210 per share right now. However, its PE ratio is about 47 based on its earnings per share of $4.43.
Brian M. Reiser,
Investment U Contributing Writer
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