Chip maker Nvidia (NVDA) also belongs to the Leaderboard. Feb 7, 2021, Trevor Jennewine | Microsoft belongs to the IBD Leaderboard. This is one of the tech fields with the highest potential. Zacks … Llamasoft's customers include Boeing (BA) and Home Depot (HD). Artificial intelligence (AI) is one of the fastest-growing markets in the world, with global revenues zooming from $9.5 billion in 2018 to an estimated $118.6 billion by 2025.Given that exploding growth, it makes sense to invest in artificial intelligence stocks. Netflix stock also is on the Leaderboard. Machine learning’s training phase demands a lot of computing power; its inference phase requires less. There's plenty AI competition in enterprise software. In addition, others to keep an eye on include IBM (IBM), Accenture (ACN), Epam Systems (EPAM) and other IT services companies. IBM’s strategy with AI is to apply the technology where it can augment human intelligence, increase efficiency, or lower costs. Many companies tout AI technology initiatives and machine learning. There are some applications that aren’t quite ready for primetime but show promise. The initial public offering of C3.ai on Dec. 9 … The company generated over $2.5 billion of revenue from AI in 2018, according to IDC, giving it the largest market share in the industry. Enterprise software maker ServiceNow (NOW) has been making AI acquisitions. It's primarily for institutions but is open to retail investors. But if you’re looking to invest in a company that will benefit from the AI boom, IBM is a good choice. With the industry projected to exceed $200 billion by 2026 , you would want to gain exposure to the sector sooner rather than later. The Redwood City, Calif.-based company sells AI software for the enterprise market. 2. This leads to sometimes brutal cycles in the semiconductor sector where an oversupply of chips pushes down prices. Companies employ artificial intelligence in two main ways: Machine learning, or AI, involves training a system with huge amounts of data, then using that trained system to make inferences about new data it has never seen. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Google and Facebook use AI tools in digital advertising. Try it today! Feb 8, 2021, Harsh Chauhan | 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. Five9 is partnering with Google on AI contact center software. In addition, Investors interested in AI technology also could consider the TCW Artificial Intelligence Equity Fund (TGFTX). Realtime quote and/or trade prices are not sourced from all markets. Hence, it is worth paying attention to the best artificial intelligence stocks of 2020. The automakers said that talks with Apple have ended. Databrick's new investors include Alphabet (GOOGL), Amazon Web Services (AMZN) and Salesforce.com (CRM).. IBD Live: A New Tool For Daily Stock Market Analysis, Find Compelling Growth Stocks With IBD's Stock Of The Day, View Breakout Stocks & Technical Analysis, Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists. You Already Know the Names of the Biggest AI Stocks. Match Group (MTCH): Controlled by IAC (IAC), Match is using artificial intelligence to improve its Tinder mobile dating app. Microsoft's Azure and Google's cloud computing unit also sell AI analytical services to business customers. Perhaps no company is using AI in a wider range of ways than Amazon (NASDAQ:AMZN). Feb 7, 2021, Matthew Frankel, CFP | Dow Jones futures were little changed late Monday following record highs in the stock market rally. Get these newsletters delivered to your inbox & more info about our products & services. In addition, Salesforce on Nov. 24 said its Einstein platform now delivers more than 80 billion AI-powered predictions daily for sales, service, marketing and commerce. The Semiconductor market is a hot and ever-booming market. • Five9 (FIVN): A provider of cloud-based contact center software, Five9 is developing machine learning algorithms that help companies automate customer support. AI technology uses computer algorithms. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing. Facebook uses AI to enhance its activity feed, photo and social media apps. So do smartphones that may be doing AI work. Best For. Notably, the Zacks Consensus Estimate for 2020 earnings has increased by couple of cents to $1.20 per share over the past 30 days. That brings up a second point. The AI software uses a company's historical lead and account data to predict which deals are more likely to close. Some stocks under $20 even have listed options, which can give you additional avenues of income if you wish to sell covered call options. Wireless Telecom Group, Inc. The startup uses artificial intelligence for contract analytics. Putting together a list of the best stocks under $20.00 requires investors to look at smaller and riskier companies and in sectors that are either undiscovered or unloved by the market as a whole. In addition, other companies using AI include: Square (SQ): Square Capital, part of digital payment processor, provides loans to merchants. These tech stocks could change the world, and make investors richer in the process. Amazon’s dominant e-commerce business is also built on AI, as algorithms run its top-flight recommendation engines for e-commerce as well as video and music streaming, and determine product rankings. Outside of self-driving cars, data centers running AI workloads need plenty of memory as well. 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