Tuesday, August 3, 2021

10 AI Stocks That Can Make You Millionaire In Long Run

You snooze, you lose! Don’t miss out on investments of the future.

The fourth industrial revolution has already begun. Machine learning and Artificial Intelligence are dominating every industry of the world that you talk about. And if you are still investing in conventional technology, ignoring the alarm clock of the rapidly changing modern world, also plan for the time when your wealth only plummets by each passing year.

You snooze, you loose. And while no one wants to have the worms, we still know what the phrase ‘early bird catches the worm’ implies.

Artificial Intelligence is no longer a figment of science fiction and has become a phenomenon in today’s world. The AI and ML market size has exponentially grown to $39.9 billion, undoubtedly giving an incentive to investors around the world to splurge their wealth.

Having said that, here are the 10 most profitable AI stocks that will become your treasure trunk in the time to come.

10 Most Profitable AI Stocks For Visionary Investors

#10 Micron

This U.S.-based tech giant produces data storage products for electronic devices which are used by millions around the world. Micron SSD cards are known to be the cheapest and the most efficient memory storage units in the world. Having a market cap of over $51.25 billion as of April 16, 2021, Micron is considered to be a pioneer in its space and recorded over $5.8 billion in revenues in Q4 of 2020.

With President Biden publicly backing local manufacturing, stocks like Micron could potentially have huge upside in the long run.

#9 IBM

Yet another American tech giant, IBM has been on the scene pretty much since the inception of the technological revolution. IBM makes use of AI to augment human intelligence and reduce its operational costs. The tech mogul recorded $73.6 billion in revenues in the fiscal year 2020 and has been constantly plowing back profits in its high growth channels like bid data, cloud computing, and the likes.

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#8 Twilio

Dubbed as one of the best AI stocks in today’s market, Twilio manufactures cloud-based APIs which help developers build features like voice and video attributes into their applications. Twilio is one stock on this list that is suited for the adventurous investor as it has been quite volatile over the past few years.

Regardless, it remains one of the stand-out performers in the American markets, one which is expected to grow by 20% annually over the next five years.

#7 Tencent

This Chinese tech conglomerate has gained quite a social presence over the past few years mainly through its disrupting online multiplayer video game called PUBG. Tencent holds the title of emerging as China’s first-ever tech firm valued at over $500 billion. WeChat is yet another one of Tencent’s hot favorite applications which are heavily augmented with AI and ML. It is also bent upon distributing its AI solutions to China’s agriculture, healthcare, and manufacturing sectors making it one of the most potent stocks.

#6 Alphabet

When you think tech, Alphabet (Google’s parent company) is the first name that comes in the mind and it is with this stature that it has been able to single-handedly outperform any other players in the market. Having only recently been inducted into the trillion-dollar club, Alphabet has proven its fondness for AI by employing some of the world’s best AI personnel.

Alphabet stock performed substantially well even during the course of the pandemic, gaining the trust of its stakeholders. And with a market cap of $1.544 trillion, a retail investor can expect a sure-shot return in the long run.

#5 Salesforce

Salesforce is a SaaS company and also a leading provider of a suite of applications. It has managed to record staggering numbers in its latest quarter with revenues touching $5.48 billion and the market cap going as high as $213.589 billion. Bank of America recently named Salesforce as its top pick among numerous software stocks.

Being a core AI processing firm, Salesforce has projected huge upside for its investors and bags the fifth spot on our list.

#4 Amazon

Well to the surprise of no one, Amazon has found its way on the list of must-have AI stocks in 2021. The world’s leading E-Commerce giant is also the leading cloud computing space, dominating the maximum share of the industy. AWS or Amazon Web Services is Amazon’s cloud computing platform and excels in providing machine learning services. Evercore, a global investment firm, named Amazon as the leading tech stock for the first half of 2021.

#3 Adobe

Famous for producing the best in class applications for illustrations, graphics, multimedia, and the likes, Adobe has now turned its attention to the AI and ML space. Adobe Sensei is its pioneer tool that makes use of AI to enhance user satisfaction across its product ranges. With a growing market capitalization of $236 billion, Adobe has been given the ‘buy rating’ by numerous investment agencies backed by its bullish approach in the digital space.

#2 NVIDIA

Leading graphics chip firm, NVIDIA, has been one of the first movers in the boom of AI and ML space establishing a de facto standard for its products in the market. It has recently made public its interest in self-driving cars– another emerging market with immense AI potential. NVIDIA develops platforms that will empower certain key self-driving assistance features.

As self-driving cars would require huge amounts of data to be processed, NVIDIA will provide solutions for the same, managing data from multiple sources.

#1 Microsoft

The holy grail of all tech companies, Microsoft, is a no-brainer for those looking to invest in AI stocks and has rightly found its way as the best tech stock out there. Being one of the most valuable companies in the world, Microsoft quite obviously invests heavily in Artificial Intelligence. Azure, Microsoft’s cloud computing service is home to several AI-driven applications. Its investments in companies like OpenAI will only further strengthen its position as it looks to cement its position in the markets as one of the top AI companies in the world.

Siddharth Kulkarni
Siddharth is an incoming FMV Analyst and B.Com Hons graduate from Delhi University. Siddharth holds several positions of authority at a college level at various societies namely The Young Entrepreneurs Society and The Hult Prize. He is an enterprising youngster who is passionate about learning and growing as a person with each successive day. He is a hardworking and self-confident individual who possesses zeal and grit and loves to work with details. Being a sportsperson as well as an academic achiever, he love to surround himself with healthy competition.

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