Best AI Stocks: Options to Invest in AI

The field of artificial intelligence (AI) is rapidly expanding, and so is the possibility of profiting from it. Investing in AI companies has the potential to help you grow your bottom line, but what are the best AI stocks right now? There are several companies poised to make big advances in the AI field over the coming years.

Before diving into potential AI stocks to invest in, it's important to note that there is always risk associated with investing. This list should not be considered professional investment advice, and anyone interested in investing in AI stocks should do their own independent research. This site does not accept liability for any losses associated with investments.

Adobe (ADBE)

Adobe has long been established as a developer of software for document management, content creation, data analytics, and publishing. These are all areas that can benefit from the incorporation of AI, and Adobe has already started down that path. It announced its AI plans in the form of the Experience Cloud project in 2022, and customers are eager to see where it goes from there.

Alphabet (GOOGL)

Alphabet, the parent company of Google, has already launched an AI chatbot called Bard. It functions similarly to ChatGPT and offers a lot of potential for research practices. Google also uses AI as part of its search algorithm and is adding it directly to its search results with the Google Search Generative Experience.

Amazon (AMZN)

Amazon now provides AI capabilities through its Amazon Web Services. It also incorporates AI into its online storefront and has sold its AI-powered virtual assistant, Alexa, for years now.

Baidu (BIDU)

Chinese technology company Baidu has unveiled its AI-powered chatbot, Ernie. Ernie uses a language model developed by Baidu to provide a wide range of services, and it may become a ChatGPT competitor in the future.

IBM (IBM)

IBM's Watson, made famous by its appearance on Jeopardy!, is now being used to help businesses automate their workflows and make better decisions using predictive analytics. IBM has also acquired several other companies related to AI in recent years, including Databand.ai, Turbonomic, and Instana.

Microsoft (MSFT)

Since 2019, Microsoft has been invested in OpenAI, the developer of ChatGPT. Microsoft also revealed its plans to extend its partnership with OpenAI through a multi-billion-dollar investment spanning multiple years. As Microsoft provides the cloud computing services for OpenAI, and given ChatGPT's success, it's easy to see why they would be eager to continue their investment. The company has also added AI to its search engine, Bing.

Nvidia (NVDA)

Nvidia manufactures microchips that power AI tools. It also created and controls CUDA, the platform that many researchers use to develop new AI models.

Oracle (ORCL)

Oracle is a cloud computing infrastructure company that plans to expand AI services for enterprise customers. Oracle is a competitor to Amazon's Web Services, and AI innovation may help close the gap.

Palantir (PLTR)

Palantir runs AI data-mining platforms for enterprise businesses and several government agencies. The company went public in 2020 and may very likely grow as a result of improved AI technology.