Top 10 High Growth AI Stocks to Look Out for this February
The top AI stocks to buy range from chip creators, software companies, and tech giants that use AI tools in applications
In this modern world, the rise of artificial intelligence (AI), robotics, and automation are disrupting virtually every significant industry. Artificial intelligence adoption can reshape practically every industry including retail, healthcare services, transportation, and manufacturing. Thanks to its more extensive features and impressive advantages, an ever-increasing number of organizations are investing in artificial intelligence to reinforce and meet their business objectives. Henceforth, numerous organizations are taking a look at the best AI stocks for investment purposes in 2022. The top AI stocks to buy range from chip creators, software companies, and tech giants that use AI tools in numerous applications. Worldwide revenues for AI software, hardware, and services will increase from more than 16% yearly from 2021 to 2025 to reach US$327.5 billion, conjectures International Data Corp.
If you’re looking at investing in top AI stocks, here are the top AI companies to invest in for great revenue.
Stock Price Today: US$243.19
Market Cap: US$606.029B
Nvidia’s data center business represents a steadily increasing share of the company’s total revenue. This segment isn’t all AI-related — Nvidia’s graphics cards are used to accelerate a wide variety of data center applications. But AI is one of the driving forces behind the company’s growth. High-end chipmaker Nvidia is providing the massive processing power advanced AI applications will need. One of the fastest supercomputers, Leonardo, is powered by Nvidia graphics processing units.
International Business Machines Corp.
Stock Price Today: US$137.15
Market Cap: US$122.93B
IBM’s strategy with AI is to apply the technology in ways that augment human intelligence, increase efficiency, or lower costs. In the healthcare industry, IBM’s AI technology is being used to create individualized care plans, accelerate the process of bringing new drugs to market, and improve the quality of care. In the financial services industry, via the company’s 2016 acquisition of Promontory Financial Group, IBM is using AI to help clients with the daunting task of financial regulatory compliance.
Stock Price Today: US$2,860.32
Market Cap: US$1.893T
Google and YouTube parent company Alphabet uses AI and automation in virtually every facet of its business, from ad pricing to content promotion to email spam filters. Alphabet has AI and machine learning advantages across its product range, and AI could help the company further fine-tune its industry-leading online advertising business over time.
Micron Technology, Inc
Stock Price Today: US$81.17
Market Cap: US$90.893B
Micron Technology manufactures memory chips, including dynamic random-access memory (DRAM) and NAND flash memory found in solid-state storage drives. Most of what the company makes are commodity products, meaning that supply and demand dictate pricing. In the future, demand for memory chips will only grow, and that’s especially true in the AI industry. Self-driving cars are a good example. All the sensors and cameras produce a lot of data around 1 GB per second, according to Micron estimates. Data centers running AI processes need plenty of memory and so do smartphones that may be doing AI work.
Stock Price Today: US$305.94
Market Cap: US$2.294T
In 2020, Microsoft announced the construction of a new supercomputer hosted in Azure, Microsoft’s cloud computing network. The supercomputer was built in collaboration with OpenAI LP to train AI models with the ultimate goal of producing large AI models and related infrastructure for other organizations and developers. In late 2021, Microsoft also debuted Context IQ, an AI application that can predict, seek and suggest information for employees.
Stock Price Today: US$305.94
Market Cap: US$2.294T
Amazon uses artificial intelligence for everything from Alexa, its industry-leading voice-activated technology, to its cashier-less grocery stores, to Amazon Web Services Sagemaker, the cloud infrastructure tool that deploys high-quality machine learning models for data scientists and developers. Amazon’s e-commerce business is also built on AI since algorithms run its top-flight recommendation engines for e-commerce and video and music streaming. AI is how Amazon determines product rankings.
Meta Platforms Inc.
Stock Price Today: US$237.09
Market Cap: US$645.345B
Facebook parent company Meta Platforms has already applied AI technology to its news feed and advertising algorithms, drawing heat from critics who say the company prioritizes engagement and conflict over user safety and societal stability. Meta is now shifting focus to applying AI technology to developing the metaverse, a digital world in which users interact in an immersive virtual environment.
Stock Price Today: US$25.18
Market Cap: US$2.645B
C3.ai is a SaaS company whose software allows companies to deploy large AI applications. The company’s tools help its customers accelerate software development and reduce cost and risk, and they have a wide variety of applications. For example, the U.S. Air Force uses C3 AI Readiness to predict aircraft systems failures, identify spare parts, and find new ways to increase mission capability. European utility company Engie (OTC: ENGIY) is using C3 AI to analyze energy consumption and reduce energy expenditures.
Stock Price Today: US$254.50
Market Cap: US$16.123B
NICE is a leading provider of software applications that manage call center operations and customer interactions. NICE’s AI and machine learning technology also streamlines fraud detection and regulatory compliance. The company’s AI helps businesses categorize and analyze voice communications, leveraging the power of data analytics to improve business interactions with contact center teams.
Stock Price Today: US$118.46
Market Cap: US$23.441B
Electronic signature and document automation specialist DocuSign has been investing heavily in AI technology to make contracts and documentation more efficient. Contract AI can help businesses automatically sort through millions of pages of contracts, court cases, and regulatory provisions and easily flag potential sources of legal problems, privacy issues, security vulnerabilities, or even regulatory breaches.