AI Stocks Report: What You Need to Know

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These 3 AI Stocks Report This Week… What to Know

Artificial intelligence (AI) is undoubtedly the driving force behind the massive returns we’ve seen in 2023. Companies across various industries are recognizing the value of integrating AI into their business plans, leading to a significant increase in mentions of AI during earnings calls. The estimated worth of generative AI alone adds up to a staggering $7.9 trillion per year, further highlighting the economic impact of this technology.

This week, three major AI companies are set to report their earnings, and all eyes are on them. Despite a 5% decline in shares year to date, sentiment among investors seems to be shifting, thanks to their positive earnings reports in recent quarters. It’s the perfect time to examine these companies and the developments they are making in the AI space.

First up is IBM, which is expected to earn $2.01 per share on $15.77 billion in revenue. Although these figures are lower compared to the previous year, IBM is making significant strides in the AI field. Just last week, the company unveiled its watsonX AI technology platform, designed to enhance workflow productivity for businesses. With two of the three prongs of this platform already available, IBM is demonstrating its commitment to AI. Furthermore, IBM’s collaboration with Adobe and its acquisition of FinOps software company, Apptio, demonstrate its dedication to automation technologies.

Next on the list is Taiwan Semiconductor Manufacturing Company (TSM). The demand for AI chips is skyrocketing, and as a result, Nvidia’s shares have surged over 220% this year. However, TSM, a key player in the AI development process, has only seen a 40% gain. This seems highly undervalued considering the company’s role in expediting U.S. semiconductor production. TSM’s commitment to constructing a new manufacturing facility in Arizona highlights its pivotal position in the AI chip market.

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Last but not least is Intuitive Surgical (ISRG), the company behind the groundbreaking da Vinci Surgical System. As the line between robotics and AI becomes increasingly blurred, Intuitive Surgical is capitalizing on its advantage in the medtech space. With strong financials and increasing momentum for its da Vinci Surgical System, the company is attracting the attention of top institutional investors and hedge funds. Despite trading below its 52-week high, investor optimism remains high for Intuitive Surgical.

These three companies are just a glimpse into the vast opportunities surrounding AI in today’s market. As AI continues to push the market higher, it’s essential to keep an eye on the stocks that are worth investing in. From companies like IBM, making significant advancements in AI technologies, to TSM’s critical role in the semiconductor industry, and Intuitive Surgical’s innovation in robotics and AI, the future looks promising. As an AI investor, it’s crucial to stay informed about these developments and make informed decisions based on this ever-evolving sector.

Frequently Asked Questions (FAQs) Related to the Above News

What are the three major AI companies reporting their earnings this week?

The three major AI companies reporting their earnings this week are IBM, Taiwan Semiconductor Manufacturing Company (TSM), and Intuitive Surgical (ISRG).

What developments has IBM made in the AI field?

IBM has made significant strides in the AI field, including the unveiling of its watsonX AI technology platform, collaboration with Adobe, and the acquisition of FinOps software company, Apptio.

Why is Taiwan Semiconductor Manufacturing Company (TSM) considered undervalued in the AI chip market?

Despite the skyrocketing demand for AI chips, TSM has only seen a 40% gain in shares this year. This is considered undervalued considering the company's pivotal role in expediting U.S. semiconductor production.

What advantage does Intuitive Surgical (ISRG) have in the medtech space?

Intuitive Surgical is the company behind the groundbreaking da Vinci Surgical System and is capitalizing on its advantage in the medtech space as the line between robotics and AI becomes increasingly blurred.

Are these three companies worth investing in for AI investors?

Yes, these three companies, IBM, TSM, and Intuitive Surgical, hold promising opportunities in the AI market. They are making significant advancements in AI technologies and are attracting attention from top institutional investors and hedge funds. However, it is crucial for AI investors to stay informed about the developments in this ever-evolving sector before making investment decisions.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Meera Mehta
Meera Mehta
Meera is our dedicated writer and manager for the AI Stocks category. With her expertise in finance and a deep interest in the AI industry, Meera keeps a close eye on AI-related stocks and market trends. Her articles provide valuable insights into the financial aspects of AI, helping investors navigate this exciting and dynamic sector.

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