These chips are able to make intelligent predictions based on complex data patterns and can unlock key insights. Mark Zuckerberg’s social media empire – love it or hate it – is deeply committed to developing machine learning technologies. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. NVIDIA’s graphics cards could someday be supplanted by more specialized processors designed for AI, but for now the company is in an enviable position. And, one of the products this AI stock to watch is working on is direct competition for both Google and NVIDIA: a new AI chip for the cloud that competes with NVIDIA’s GPU and Google’s tensor processing unit. This creates AI stocks to watch in companies that are leveraging AI for their own businesses. Hathaway to deliver the technology to even more spaces like healthcare. The overall average return in this Stocks Under 10 Dollars package was 24.06%, providing investors with a 18.44% premium over the S&P 500’s return of 5.62% during the same period. 17 Wealth-Building Strategies to Implement Today, School of Management at Binghamton University, Selling Covered Calls: An Options Trading Strategy, Put Options: An Introduction and How to Trade Them, Call Options: An Introduction and How to Trade Them, Volatility Trading Strategies for the Beginning Trader, Top 6 Monthly Dividend Stocks to Buy in 2020, Lordstown Motors IPO: New EV Company Going Public via SPAC, Opendoor IPO: Stock Listing via Chamath Palihapitiya’s SPAC, Best Long-Term Stocks to Buy and Hold for the Next 10 Years, Fisker IPO: Stock Coming to Market via Merger. NVIDIA develops platforms, including hardware and software, that can power driver-assistance features as well as full self-driving. Self-driving cars are another area of focus. Also, Amazon Web Services (AWS) is a major profit engine for the tech giant making. AI isn’t merely one technology. In addition, Amazon is using partnerships with major players like JP Morgan and Berkshire Hathaway to deliver the technology to even more spaces like healthcare. In addition to its Mobileye division, Intel manufactures visual processing units that allow smart cameras to perform tasks such as facial recognition and counting crowds. The technology is already promising to transform everything from automobiles to healthcare to online advertising. Machine learning involves training a system with huge amounts of data, then using that trained system to make inferences about new data it’s never seen. Like Google, NVIDIA stock has been climbing steadily since June but trades around a much more affordable $210 per share right now. So, if you want an alternative way to play Artificial Intelligence stocks, make a hot date with your stock broker and pick up some shares of Match. For example, IBM is working with marine research organization ProMare on an “AI Captain” capable of allowing a ship to self-navigate across the Atlantic Ocean. In this article we present the top 10 robotics and artificial intelligence stocks to buy. And Intel’s field-programmable gate arrays run deep learning on Microsoft’s cloud. They are also poised to become a top player in, Shares of Google have been climbing steadily since June and are currently trading around $1,300. To get full access to all Money Morning content, click here. Computers excel at number-crunching, but not at the kinds of things people do with ease: language processing, visual perception, manipulating objects, reasoning, planning, and learning. A self-driving car must process massive amounts of data from multiple sensors and cameras in real time, detect objects like pedestrians and other vehicles, and make complex decisions. Danny Vena | His primary interests at Investment U include personal finance, debt, tech stocks and more. About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. We’ll focus on those companies in this article. Plus, other capabilities offered by the company’s stake in AI include smart news aggregators, facial recognition tech, and natural language processing devices. The year's best-performing sector teamed up with one of the most important to lead stocks higher today. However, this AI stock’s PE ratio is about 47 based on its earnings per share of $4.43. But it’s rather a group of technologies that enable machines to mimic human thinking. Nov 5, 2020, Jeremy Bowman | Including a purchase of predictive analytics platform Kaggle. Artificial intelligence stocks (AI stocks) represent one of the most exciting and potentially lucrative industries to invest in for 2020. 16 W. Madison St. Baltimore, MD, 21201. Therefore, this makes this another one of the top AI stocks out there. But, Amazon’s use of the technology is not limited to their storied e-commerce platform. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Self-driving cars are a good example. Bill Gates’s technology empire currently has 8,000 employees working on Artificial Intelligence products. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. In fact, artificial intelligence stocks have the potential to be some of the best performing. Which is why Google is one of the very best AI stocks of all. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. Buying best-in-breed companies with large and growing markets and strong secular tailwinds could generate lucrative returns. IDC expects total spending on AI systems to reach $97.9 billion in 2023, up from $37.5 billion in 2019. But you don’t have to spend $60 on Intel – or $100s on some other tech stock -if you want to take advantage of this industry. The more data it learns from, the more accurate the system will become. High-profile applications include robotics, self-driving cars, and smart voice assistants. Leading graphics chip company NVIDIA (NASDAQ:NVDA) has taken advantage of the AI boom, with its graphics cards becoming the de facto standard in data centers around the world. But this AI stock to watch is now far from just a gaming company. The company’s DRIVE AGX Pegasus system includes two NVIDIA Xavier processors, two graphics processing units, and is capable of 320 trillion operations per second. Nov 5, 2020, Sean Williams | iPhone 12 presales trended well ahead of the previous model, hinting at the existence of the long-rumored 5G "super cycle" for Apple.