Investors are increasingly looking at companies involved in artificial intelligence (AI) as the technology continues to impact the global stock market. Several tech companies are being regarded by retail investors as prospective investment opportunities, given the promise of the high-growth, multi-billion-pound market. This article lists down the best-performing AI stocks in 2023 for those interested in investing in them. These companies include U.S.-based Advanced Micro Devices (AMD), Alphabet Inc., Micron Technology, Microsoft Corporation and Nvidia Corporation. While investors can choose from a range of AI-related stocks listed on various global exchanges, they should remain cautious of investing in AI firms due to potential risks, particularly since the industry is still in its early stage.
Advanced Micro Devices (AMD) is a California-based, global manufacturer of semiconductors. It has delivered impressive financial results over the last five years, making it one of the most reliable AI stocks to invest in, despite its recent drastic drop as worldwide demand for computing products has slowed down.
Alphabet Inc. is a holding company of Google, headquartered in California, U.S. It continues to dominate the internet search engine industry and is responsible for the bulk of advertising income. While its stock prices significantly declined last year with the rest of the tech industry, analysts predict its rise as Alphabet becomes more involved in AI.
Lisa Su is the CEO of Advanced Micro Devices (AMD) and stated in her keynote speech that AI is truly the most important megatrend for the future of tech.
