In this post, we will look at the top ten artificial intelligence stocks for 2021. Go right to the 10 Best Artificial Intelligence Stocks for 2021 if you want to read our in-depth review of the AI sector. Every major technology business, from Google and Amazon to Apple and Microsoft, is devoting money to artificial intelligence advances. AI has become a part of our daily life because of personal assistants such as Siri and Alexa.
Without a question, artificial intelligence is the next big thing. We’re all aware of it, or at least some of us are. Artificial Intelligence will change every element of life as we know it over the next few decades. According to Grand View Research, “the worldwide artificial intelligence market size was USD 39.9 billion in 2019 and is predicted to increase at a compound annual growth rate (CAGR) of 42.2 percent from 2020 to 2027.”
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1:Alphabet Inc. (NASDAQ: GOOG)
Alphabet Inc. (NASDAQ: GOOG) is a global technology firm headquartered in California that is best known for its search engine Google. By founding DeepMind, a research laboratory dedicated to artificial intelligence, in 2010, the corporation was one among the first technology businesses to recognize the power of artificial intelligence. In recent years, the corporation has also rebuilt itself around artificial intelligence, with AI-driven initiatives in the vehicle, smartphone, healthcare, and semiconductor industries.
Microsoft is a well-known technology corporation that sells a variety of computers, software, Azure, and other services. MSFT stock has increased in value by 55% since last year. In the first fiscal year, the company‘s sales increased by 60%. Microsoft is also investing $1 billion in an AI lab called OpenAI, which will increase the value of its shares in the near future.
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Since 1999, Nvidia has been powering up the gaming world by producing the world’s most powerful Graphic Cards. Their stock has increased by 67.6 percent, outperforming the rest of the robotics stock market by 39 percent. Financial experts anticipate a 35% increase in sales, or around $2.97 billion, in 2020. EPS is predicted to more than quadruple to $1.66 per share, up from $0.75 per share a few months ago.
Tencent is a worldwide investment firm that also developed the PUBG Mobile game, which is one of the most popular mobile games of all time. Mobile games, music, online portals, payment systems, cellphones, and social networks are all created by them. Tencent began with HK$3.70 per share on the Hong Kong Stock Exchange and has since increased its market value per share to HK$100, adding $800 million to its corporate revenue.
Ascent creates, automates, and administers compliance programs for financial institutions, using cloud technology and artificial intelligence to maintain programs powerful and safe over time. Founded in 2015, the company’s cloud solutions are powered by machine learning capabilities that detect regulatory changes and adjust in real-time to prevent fines, enforcement actions, and other regulatory concerns.
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Riskified is an AI-powered platform that helps e-commerce businesses identify real customers and lowers friction in the purchase process, resulting in a better customer experience. Riskified’s scalable solution adjusts to changing demands when e-commerce stores release new items and enter new areas, using machine learning models drawing from more than one billion prior transactions to make immediate judgments that prevent e-commerce fraud attempts from occurring.
Cylance is a cybersecurity firm that provides technologies based on artificial intelligence, machine learning, and algorithmic science, allowing for a data-driven approach to recognizing and eradicating incoming threats. The company, which was bought by Blackberry in 2018, collaborates with private businesses, government agencies, and end-user clients to prepare for a wide range of continually evolving cybersecurity risks.
8:Ideanomics, Inc. (IDEX)
Ideanomics is primarily known as a financial technology firm located in New York, although its EV business generates the majority of the company’s income. The firm is now fronting as a FinTech firm while also extensively promoting itself as an EV firm, relying on the popularity of and Wall Street’s bullishness on the two industries. Because the firm is so multidimensional, many investors and traders struggle to grasp what it is all about, and some even wonder if it is a legitimate firm at all. To comprehend IDEX, one must first understand its origins.
9:Duos Technologies Group, Inc. (NASDAQ: DUOT)
Duos Technologies Group, Inc. is a North American company that designs, develops, and provides artificial intelligence-based security, safety, and analytics solutions. Its stock is presently trading at $10.The stock of the firm has returned more than 100% YTD, which is enormous given the behavior of the market so far this year. The company provides top intelligent solutions such as rip (Railcar Inspection Portal), alis (Automated Logistics Information System), track aware (Intelligent Right of Way Safety and Security Solution), APIs (Automated Pantograph Inspection System), vue (Vehicle Undercarriage Examiner), and icas (Intelligent Right of Way Safety and Security Solution) (Intelligent Correctional Automation system).
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10:CooTek [Cayman] Inc. (NYSE: CTK)
CooTek is a big-data-driven mobile internet startup that creates and sells a variety of software apps based on artificial intelligence and machine learning. It is active both in the United States and worldwide.TouchPal Smart Input, an AI-based alternative input method for mobile devices, is its most popular product. It is available for Android, iOS, Windows Mobile, and Windows 8. TouchPal is available in over 110 languages and has over 100 million daily active users.
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