London, UK, Binary News Network, In the race to create a smarter world, Artificial Intelligence (AI) is considered one of the most important advancements in technology. It’s a field that has not just been discussed for years but is also often seen as a far-off concept with futuristic applications. The buzz around AI and machine learning continue to grow – from virtually non-existent to almost mainstream.
The emergence of AI as a tool for business has given rise to its heavy adoption among enterprises today. As these smart machines and applications learn from their experience, we will see the world become more automated and efficient. This pattern is projected to continue in the future years, spawning new industry participants and business models in the process.
This also makes AI and machine learning stocks a good choice for investors, as it’s an industry that is likely to experience substantial growth in the upcoming years. Here FinancialCentre’s broker, Christian Ricci, lists eight of the most promising AI stocks to watch out for:
- NVIDIA Corporation (NVDA)
NVIDIA Corporation designs, develop, and market computer graphics processors. GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID, which enables graphics virtualization business graphics cloud servers, are among the Company’s GPU product brands.
- Advanced Micro Devices Inc. (AMD)
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The Company’s products include mainly x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and professional graphics; and server and embedded processors, semi-custom System-on-Chip (SoC) products, and technology for game consoles. Its segments include Computing and Graphics, which primarily includes desktop and notebook processors and chipsets, GPUs, professional graphics; and Enterprise, Embedded, and Semi-Custom, which primarily includes server and embedded processors, semi-custom SoC products.
- Intel Corp. (INTC)
Intel Corporation designs, manufacture, and sells computing components. It operates in two segments: Client Computing Group (CCG) and Data Center Group (DCG). The Company offers platforms used in notebooks, 2 in 1 system, desktops, servers, tablets, smartphones, wireless and wired connectivity products. It also provides other components, including chipsets, integrated circuits, solid-state drives, and wired and wireless connectivity.
- International Business Machines Corp. (IBM)
International Business Machines Corporation provides information technology (IT) products and services worldwide. It operates through five segments: Cognitive Solutions & Research (SS&R), Global Technology Services (GTS), Technology Services & Cloud Platforms (TSCP), Systems, and Global Financing. The Cognitive Solutions & Research segment provides a range of AI products and cloud services offerings around deep learning, Big Data analytics, natural language processing, computer vision, security, social listening, unified governance, and collaboration.
- UBTech Robotics Limited (UBT)
UBTech Robotics Limited engages in the research, development, production, distribution, and sale of humanoid robots worldwide. The Company’s products are integrated robotics systems designed to interact within homes or workplaces.
One reason why UBTech Robotics Limited is a good investment is that it’s quickly becoming very popular. The Company focuses on humanoid robots, which are becoming more and more popular as the world becomes more automated. UBTech has been researching and developing its robotics systems, which also goes hand in hand with the idea of a lot of present-day automation.
- iRobot Corporation (IRBT)
iRobot Corporation designs and markets robots for the consumer, commercial, and defense segments. The Company’s home segment provides consumers with robot floor cleaners. Its defense and security segment offers unmanned ground and tactical air reconnaissance, surveillance, and dismounted squad support systems for defense customers worldwide.
iRobot Corporation is a good investment because it designs and markets robots for the consumer, commercial, and defense segments. The Company’s home segment provides consumers with robot floor cleaners. In contrast, its defense and security segment offers unmanned ground and tactical air reconnaissance, surveillance, and dismounted squad support systems for defense customers worldwide.
- Boeing (BA)
Boeing designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, and defence systems, along with its subsidiaries. The Company’s segments include Commercial Airplanes; BCA Net Sales; Defense, Space & Security (BDS); BCA Operating Costs; BCA Critical Accounting Estimates; Unallocated items, eliminations, etc. Its Commercial Airplanes segment manufactures large passenger airliners, including the 737 Next Generation family of aircraft, the 777X airliners, and jet freighters.
Boeing is a good investment because it is the largest aerospace company globally. It has a strong financial position and a stable outlook. Boeing also has a large order backlog, ensuring that it will continue to be a major player in the aerospace industry.
- KUKA AG (KU2)
Kuka Aktiengesellschaft focuses on developing and producing industrial robots, systems, and components. Its Industrial business unit offers a wide product range in four areas: welding, assembly, finishing, and system solutions; logistics and material flow (order-picking robots); end effectors (grippers) for the handling of diverse workpieces; and special robot technology.
KUKA AG is a good investment because it offers a wide product range in four areas: welding, assembly, finishing, and system solutions; logistics and material flow (order-picking robots); end effectors (grippers) for the handling of diverse workpieces; and special robot technology.
If you are looking for a good investment opportunity, the above-listed companies should be of interest to you. While it’s true that these stocks might not rise significantly at first, there is still time for them to grow in value. Their financials are strong, and they have solid outlooks, which should help increase their stock prices over time. If you’re looking to invest in robotics and automation companies, these stocks could be a good choice.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.