Best artificial intelligence stocks

As more and more companies are now claiming they use AI technology, it is a bit tricky for investors to identify firms that have material revenue increase from AI and choose where to invest. So in this post, we list the top ten artificial intelligence stocks to buy this year.

1. Tencent (TCEHY)

Tencent, the Chinese Internet giant worth more than Facebook, recently set up an IA lab to develop a wide range of IA technologies to process all the information it collects in its ecosystem. Its AI unit developed WeChat’s natural language translation tools, deep learning tools to recommend content in its news aggregator, Tiantian Kuaibao, and facial recognition technologies.

Tencent owns the country’s most popular mobile messaging platform, WeChat, and WeChat Pay, one of its most popular payment systems. It’s also the world’s largest video game publisher, and one of China’s top streaming video platforms, Tencent Music. Tencent Cloud, its cloud infrastructure platform, more than doubled in 2018. Tencent also launched a self-driving lab in 2016, and last May, the unit was cleared to test driverless cars on public roads in China. It also began recruiting engineers in Silicon Valley.

2. Nvidia Corporation (Nasdaq: NVDA)

Nvidia (NASDAQ: NVDA) is the pioneer of GPUs (Graphics Processing Units) that cost effective data processing in large amounts. The technology was initially focused on the gaming market. Its GPU technology allows AI in cars, games, cloud, big data and many other fields.

Since October last year, NVIDIA has impressed investors with its stellar performance in recent years. A sharp decline in the segment Gaming is a significant overhang of the company. But NVIDIA has the confidence in its strategies and growth opportunities for streamlined gaming, rendering, high performance computing, AI and self-driving cars.

3. Microsoft Corp. (MSFT)

Microsoft (NASDAQ:MSFT) has made major AI breakthroughs in order to keep up with Amazon and Google in the cloud-centric community. They have developed AI tools for genomics and precision medicine, human language technologies, assistance robotics, medical imaging and consumer-facing machines.

As the main AI fray entry, Microsoft acquired Maluuba. Maluuba teaches to think machines and questions deeply. You might have known about Maluuba when it made Ms. Pac-Man’s notoriously difficult arcade video game impossible, and AI used to beat. Microsoft CEO Satya Nadella says he wants to democratize AI and bring it to more industries like healthcare, education, and manufacturing. After a few battles in late 2018, Microsoft surpassed previous levels.

4. Twilio (TWLO)

Twilio Inc. (NYSE:TWLO), which offers a variety of cloud communications services, has a 144% gain, from a low price of $50.57 for one year. The company reported sales of 233.1 million dollars, up 81% year-on-year. Sales tally includes the acquisition of SendGrid from February 1. In the first quarter, the company reported a net loss of 31 cents per share with a 5% profit from the non-GAAP. The software developers use Twilio application programming interfaces (APIs) to create and get voice-to-text AI software messages.

5. Amazon.com (AMZN)

Not surprisingly, Amazon makes the list. Their machine already outstrips most competition in product search inquiries, custom recommendations, demand forecasting, fraud protection and warehouse fulfillment. Alexa has been using AI for some time now and their partnerships with JPMorgan Chase & Co. (JPM) and Berkshire Hathaway (BRK.A, BRK.B) will also be an AI-driven company. Nicole Martin owns NR Digital Consulting and Talk Digital To Me Podcast. She is a journalist, working in several digital marketing and strategy industries.

6. Alphabet (GOOG)

Alphabet Inc (NASDAQ: GOOGL) made the most AI purchases from any tech-based research firm Quid, which shows that GOOG made 20 AI acquisitions, including Kaggle’s predictive analytics platform alone in Q1 2017. Google CEO Sundar Pichai spoke long about Google’s “first AI” future. He showed Google Lens (a camera that recognizes what it sees) and AutoML at Google’s developer conference. AutoML uses neural networks to build better neural networks, essentially creating a self-created AI.

AI has become omnipresent across the product line, such as Gmail, YouTube, Maps, Photos, Google Cloud, etc. The company has also developed its own assistant, connecting with over 5,000 home devices. Google also created industry standards for AI through its own language, TensorFlow. The companies that use it include Uber, eBay (NASDAQ: EBAY) and Coca-Cola (NYSE: KO). Google’s a top autonomous vehicle player. According to analysts at Morgan Stanley, the company’s Waymo unit could be worth $175 billion.

About Santosh

Santosh is an international development specialist and author of several publications on socio economic development. Santosh is a regular contributor to online article sites on the topics of on line education, underserved peoples, scholarship and educational excellence.
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