Artificial intelligence (AI) is rapidly changing the way we live and work. In the years to come, AI is expected to have a profound impact on many industries, including healthcare, finance, and transportation.
What are AI stocks?
AI stocks are stocks of companies that are involved in the development or use of artificial intelligence (AI). AI is a rapidly growing field with the potential to revolutionize many industries, so AI stocks are seen as a way to invest in the future of technology.
Some of the most common types of AI stocks include:
Software companies that develop AI-powered software, such as Google (GOOG) and Microsoft (MSFT).
Hardware companies that develop AI chips or other hardware, such as NVIDIA (NVDA) and Intel (INTC).
Robotics companies that develop AI-powered robots, such as Boston Dynamics and Intuitive Surgical (ISRG).
AI-enabled healthcare companies that use AI to diagnose diseases, develop new drugs, or provide other healthcare services, such as Alphabet’s Verily (VERI) and Biogen (BIIB).
When investing in AI stocks, it is important to do your research and understand the risks involved. The AI market is still in its early stages, so there is no guarantee that any of these stocks will be successful in the long term. However, AI is a rapidly growing field, and there is potential for significant growth in the AI stock market.
7 best-performing AI stocks
As the AI market grows, there are a number of AI stocks that investors can buy. Here are the top 7 AI stocks in July 2023:
Alphabet (GOOG)
Alphabet is a tech giant that is investing heavily in AI. The company’s AI division, DeepMind, is responsible for some of the most cutting-edge AI research in the world.
Here is some information about Alphabet (GOOG):
Company overview: Alphabet is a multinational technology company that specializes in Internet-related services and products. The company’s flagship product is the Google search engine, but it also owns a variety of other popular brands, including YouTube, Android, and Google Maps.
Stock performance: As of July 20, 2023, Alphabet’s stock price is $96.30. This is up 10.5% from the beginning of the year.
Reasons for the stock’s performance: There are a few reasons why Alphabet’s stock has performed well this year. First, the company’s core businesses, such as Google search and YouTube, are still growing. Second, Alphabet is investing heavily in new growth areas, such as artificial intelligence and cloud computing. Third, the company’s financial performance has been strong.
Risks: There are a few risks to consider before investing in Alphabet’s stock. First, the company is facing increasing competition from other tech giants, such as Amazon and Microsoft. Second, the company’s stock is relatively expensive, so investors need to be prepared to pay a premium for exposure to this sector.
Overall, Alphabet’s stock is a good investment for investors who are looking for exposure to the growth of the technology sector. However, investors should be aware of the risks involved before making any decisions.
C3.ai (AI)
C3.ai is a software company that provides AI solutions to businesses. The company’s AI platform, C3 AI Suite, is used by companies in a variety of industries, including healthcare, finance, and retail.
Here is some information about C3.ai (AI):
Company overview: C3.ai is a software company that provides enterprise artificial intelligence (AI) solutions. The company’s AI platform, C3 AI Suite, is used by businesses in a variety of industries, including healthcare, finance, and retail.
Stock performance: As of July 20, 2023, C3.ai’s stock price is $25.00. This is down 70% from its IPO price of $95.00 in September 2021.
Reasons for the stock’s performance: There are a few reasons why C3.ai’s stock has performed poorly this year. First, the company is still in the early stages of its growth, and it has not yet generated significant revenue. Second, the overall market for AI stocks has been weak this year. Third, the company has faced some challenges in its sales and marketing efforts.
Risks: There are a few risks to consider before investing in C3.ai’s stock. First, the company is still in the early stages of its growth, and it is not yet profitable. Second, the overall market for AI stocks is volatile, and the price of C3.ai’s stock could fluctuate wildly. Third, the company faces competition from other AI software providers, such as IBM and Microsoft.
Overall, C3.ai’s stock is a risky investment. Investors should be aware of the risks involved before making any decisions.
However, there are also some reasons to be optimistic about C3.ai’s future. The company has a strong team of experienced AI experts, and its AI platform is well-regarded by customers. Additionally, the market for AI is expected to grow significantly in the coming years, which could benefit C3.ai.
Investors who are considering investing in C3.ai’s stock should do their research and understand the risks involved before making any decisions.
Intuitive Surgical (ISRG)
Intuitive Surgical is a medical device company that develops and manufactures robotic surgical systems. The company’s da Vinci surgical system is used by surgeons to perform minimally invasive procedures.
Here is some information about Intuitive Surgical (ISRG):
Company overview: Intuitive Surgical is a medical device company that develops and manufactures robotic surgical systems. The company’s flagship product is the da Vinci Surgical System, which is used by surgeons to perform minimally invasive procedures.
Stock performance: As of July 20, 2023, Intuitive Surgical’s stock price is $856.48. This is up 20.5% from the beginning of the year.
Reasons for the stock’s performance: There are a few reasons why Intuitive Surgical’s stock has performed well this year. First, the company’s core business, the da Vinci Surgical System, is still growing. Second, Intuitive Surgical is expanding into new markets, such as China and India. Third, the company’s financial performance has been strong.
Risks: There are a few risks to consider before investing in Intuitive Surgical’s stock. First, the company is facing increasing competition from other robotic surgery companies, such as Medtronic and Johnson & Johnson. Second, the company’s stock is relatively expensive, so investors need to be prepared to pay a premium for exposure to this sector.
Overall, Intuitive Surgical’s stock is a good investment for investors who are looking for exposure to the growth of the medical device sector. However, investors should be aware of the risks involved before making any decisions.
Some of the reasons why Intuitive Surgical is a leader in the robotic surgery market include:
The da Vinci Surgical System is the most advanced robotic surgical system on the market.
Intuitive Surgical has a strong track record of innovation.
The company has a strong customer base.
Intuitive Surgical is well-positioned to benefit from the growth of the robotic surgery market.
Symbotic Inc. (SYM)
Symbotic is a warehouse automation company that uses AI to automate the picking, packing, and shipping of goods. The company’s AI-powered robots can operate 24/7, which can help businesses to improve efficiency and reduce costs.
Here is some information about Symbotic Inc. (SYM):
Company overview: Symbotic Inc. is a warehouse automation company that uses AI to automate the picking, packing, and shipping of goods. The company’s AI-powered robots can operate 24/7, which can help businesses to improve efficiency and reduce costs.
Stock performance: As of July 20, 2023, Symbotic Inc.’s stock price is $23.45. This is up 160% from its IPO price of $9.75 in September 2021.
Reasons for the stock’s performance: There are a few reasons why Symbotic Inc.’s stock has performed well this year. First, the company is well-positioned to benefit from the growth of the warehouse automation market. Second, the company has a strong track record of innovation. Third, the company has a strong customer base.
Risks: There are a few risks to consider before investing in Symbotic Inc.’s stock. First, the company is still in the early stages of its growth, and it is not yet profitable. Second, the overall market for warehouse automation stocks is volatile, and the price of Symbotic Inc.’s stock could fluctuate wildly. Third, the company faces competition from other warehouse automation providers, such as ASRS and Dematic.
Overall, Symbotic Inc.’s stock is a risky investment. Investors should be aware of the risks involved before making any decisions.
However, there are also some reasons to be optimistic about Symbotic Inc.’s future. The company has a strong team of experienced warehouse automation experts, and its AI platform is well-regarded by customers. Additionally, the market for warehouse automation is expected to grow significantly in the coming years, which could benefit Symbotic Inc.
Investors who are considering investing in Symbotic Inc.’s stock should do their research and understand the risks involved before making any decisions.
NVIDIA Corporation (NVDA)
NVIDIA is a semiconductor company that is a leader in the development of AI chips. The company’s chips are used in a variety of AI applications, including self-driving cars, facial recognition, and natural language processing.
Here is some information about NVIDIA Corporation (NVDA):
Company overview: NVIDIA is a semiconductor company that is a leader in the development of artificial intelligence (AI) chips. The company’s chips are used in a variety of AI applications, including self-driving cars, facial recognition, and natural language processing.
Stock performance: As of July 20, 2023, NVIDIA Corporation’s stock price is $209.35. This is up 55% from the beginning of the year.
Reasons for the stock’s performance: There are a few reasons why NVIDIA Corporation’s stock has performed well this year. First, the company’s core business, AI chips, is still growing. Second, NVIDIA Corporation is expanding into new markets, such as the metaverse and autonomous vehicles. Third, the company’s financial performance has been strong.
Risks: There are a few risks to consider before investing in NVIDIA Corporation’s stock. First, the company is facing increasing competition from other AI chip providers, such as Intel and AMD. Second, the company’s stock is relatively expensive, so investors need to be prepared to pay a premium for exposure to this sector.
Overall, NVIDIA Corporation’s stock is a good investment for investors who are looking for exposure to the growth of the AI sector. However, investors should be aware of the risks involved before making any decisions.
Some of the reasons why NVIDIA is a leader in the AI chip market include:
The company has a strong track record of innovation.
The company has a strong customer base.
NVIDIA is well-positioned to benefit from the growth of the AI market.
Helix Energy Solutions Group, Inc. (HLX)
Helix is an oilfield services company that uses AI to optimize its operations. The company’s AI-powered software can help to improve drilling efficiency, reduce costs, and increase safety.
Here is some information about Helix Energy Solutions Group, Inc. (HLX):
Company overview: Helix Energy Solutions Group, Inc. is an international offshore energy services company that provides specialty services to the oil and gas and renewable energy markets primarily in the Gulf of Mexico, U.S. East Coast, Brazil, North Sea, Asia Pacific and West Africa regions. The company’s services include well intervention, robotics, and full-field decommissioning operations.
Stock performance: As of July 20, 2023, Helix Energy Solutions Group, Inc.’s stock price is $8.38. This is up 15% from the beginning of the year.
Reasons for the stock’s performance: There are a few reasons why Helix Energy Solutions Group, Inc.’s stock has performed well this year. First, the company is well-positioned to benefit from the growth of the offshore energy market. Second, the company has a strong track record of innovation. Third, the company has a strong customer base.
Risks: There are a few risks to consider before investing in Helix Energy Solutions Group, Inc.’s stock. First, the company is facing increasing competition from other offshore energy services providers. Second, the company’s stock is relatively volatile, and the price of Helix Energy Solutions Group, Inc.’s stock could fluctuate wildly. Third, the company faces challenges in the offshore energy market, such as the decline in oil prices.
Overall, Helix Energy Solutions Group, Inc.’s stock is a good investment for investors who are looking for exposure to the growth of the offshore energy sector. However, investors should be aware of the risks involved before making any decisions.
Some of the reasons why Helix Energy Solutions Group is a leader in the offshore energy services market include:
The company has a strong track record of innovation.
The company has a strong customer base.
Helix Energy Solutions Group is well-positioned to benefit from the growth of the offshore energy market.
SoundHound AI, Inc. (SOUN)
SoundHound is a voice recognition company that uses AI to power its voice assistant technology. The company’s voice assistant is used in a variety of devices, including smartphones, speakers, and cars.
Here is some information about SoundHound AI, Inc. (SOUN):
Company overview: SoundHound AI, Inc. is a global leader in conversational intelligence. The company’s voice AI platform, Houndify, is used in a variety of devices, including smartphones, speakers, and cars.
Stock performance: As of July 20, 2023, SoundHound AI, Inc.’s stock price is $3.72. This is up 56% from the beginning of the year.
Reasons for the stock’s performance: There are a few reasons why SoundHound AI, Inc.’s stock has performed well this year. First, the company is well-positioned to benefit from the growth of the voice AI market. Second, the company has a strong track record of innovation. Third, the company has a strong customer base.
Risks: There are a few risks to consider before investing in SoundHound AI, Inc.’s stock. First, the company is facing increasing competition from other voice AI providers, such as Amazon and Google. Second, the company’s stock is relatively volatile, and the price of SoundHound AI, Inc.’s stock could fluctuate wildly. Third, the company faces challenges in the voice AI market, such as the lack of standardization.
Overall, SoundHound AI, Inc.’s stock is a good investment for investors who are looking for exposure to the growth of the voice AI sector. However, investors should be aware of the risks involved before making any decisions.
Some of the reasons why SoundHound is a leader in the voice AI market include:
The company has a strong track record of innovation.
The company has a strong customer base.
SoundHound is well-positioned to benefit from the growth of the voice AI market.
These are just a few of the many AI-based stocks that are available to investors. When choosing AI stocks, it is important to do your research and understand the risks involved.
It is also important to note that the AI market is still in its early stages, so there is no guarantee that any of these stocks will be successful in the long term. However, AI is a rapidly growing field, and there is potential for significant growth in the AI stock market
Here are some of the factors to consider when investing in AI stocks:
The company’s track record in AI research and development.
The company’s partnerships with other AI companies.
The company’s potential to benefit from the growth of the AI market.
By considering these factors, investors can increase their chances of choosing successful AI stocks.
Here are some of the risks associated with investing in AI stocks:
The AI market is still in its early stages, so there is no guarantee that any of these stocks will be successful in the long term.
The AI market is highly volatile, so the prices of AI stocks can fluctuate wildly.
AI stocks are often more expensive than other types of stocks, so investors need to be prepared to pay a premium for exposure to this sector.
Overall, AI stocks can be a risky investment, but they also have the potential to generate significant returns. Investors who are considering investing in AI stocks should do their research and understand the risks involved before making any decisions.
The AI market is still in its early stages, so there is no guarantee that any of these stocks will be successful in the long term. However, AI is a rapidly growing field with the potential to revolutionize many industries, so AI stocks are seen as a way to invest in the future of technology.
