The world of artificial intelligence (AI) is no longer just a buzzword; it is a reality that can reshape multiple industries and change the way we live our daily lives. Motley Fool contributors have identified three promising AI stocks to invest in for the long term. These stocks are Intel, Air Products and Chemicals, and Amazon.
Intel is involved in every corner of the AI sector, producing chips for AI purposes, specialized processors for neural networks, and top-tier software solutions. Despite low stock growth over the years, Intel is recognized for its software solutions as a critical competitive edge, which may boost its position in the AI industry.
Air Products and Chemicals, an industrial gases and energy equipment company, is one of the suppliers for the semiconductor and computing device assembly industries. As a renewable fuel provider, it is currently exploring the use of hydrogen as an alternative energy source for the future. In addition, the increasing energy usage in data centers may create a demand for hydrogen and other energy-efficient industrial equipment – which Air Products can provide.
Amazon, with its leading capabilities in cloud computing and proprietary chips, also participates in the AI industry. Its range of GPU and CPU chipsets, proprietary AI accelerator chips, and machine-learning models developed in-house are the company’s strengths. Moreover, its e-commerce business with proprietary data in purchasing patterns, online advertising effectiveness, and streaming video preferences can benefit from AI.
In conclusion, these stocks provide diverse investment opportunities for AI investors. Intel, with its software solutions, Air Products and Chemicals, with its role in the semiconductor industry and exploration of alternative energy sources, and Amazon, with its leading capabilities in cloud computing and proprietary AI accelerator chips, are poised to lead the charge into the future of AI.
