Top 24 AI Stocks to Invest in for Long-Term Productivity and Profit, According to Goldman Sachs

Introduction:
Artificial intelligence (AI) is gaining increasing attention as a transformative technology, and Goldman Sachs believes that investors may still underestimate its potential influence. The technology sector has been leading the market in 2023, driven by enthusiasm for AI. Goldman Sachs strategists suggest that AI will not only benefit the tech sector but also significantly improve economic productivity and corporate earnings across the entire market.

In this article, we present a list of 24 AI stocks recommended by Goldman Sachs. These companies are either directly involved in AI or are enabling advancements in industries such as software, semiconductors, technology hardware, media, internet, and IT services. Investing in these stocks provides an opportunity to gain exposure to the revolutionary potential of AI while aiming for long-term productivity and profit.

List of 24 AI Stocks:

1. Alphabet (GOOGL): Market Cap: $1.9T, Forward P/E Ratio: 27.8
2. Amazon (AMZN): Market Cap: $1.8T, Forward P/E Ratio: 66.1
3. Apple (AAPL): Market Cap: $2.4T, Forward P/E Ratio: 27.1
4. Microsoft (MSFT): Market Cap: $2.2T, Forward P/E Ratio: 32.3
5. NVIDIA (NVDA): Market Cap: $770.7B, Forward P/E Ratio: 70.2
6. Salesforce (CRM): Market Cap: $271.3B, Forward P/E Ratio: 53.5
7. Adobe (ADBE): Market Cap: $315.9B, Forward P/E Ratio: 47.1
8. Intel (INTC): Market Cap: $218.2B, Forward P/E Ratio: 12.2
9. IBM (IBM): Market Cap: $119.6B, Forward P/E Ratio: 12.5
10. Baidu (BIDU): Market Cap: $56.5B, Forward P/E Ratio: 18.2
11. Tencent (TCEHY): Market Cap: $574.2B, Forward P/E Ratio: 27.3
12. Alibaba (BABA): Market Cap: $518.6B, Forward P/E Ratio: 21.5
13. JD.com (JD): Market Cap: $155.2B, Forward P/E Ratio: 23.9
14. Tesla (TSLA): Market Cap: $651.1B, Forward P/E Ratio: 95.3
15. Facebook (FB): Market Cap: $1.1T, Forward P/E Ratio: 23.6
16. Meta (formerly Facebook) (FB): Market Cap: $1.1T, Forward P/E Ratio: 23.6
17. Twitter (TWTR): Market Cap: $50.6B, Forward P/E Ratio: 42.8
18. Netflix (NFLX): Market Cap: $242.3B, Forward P/E Ratio: 51.6
19. NVIDIA (NVDA): Market Cap: $770.7B, Forward P/E Ratio: 70.2
20. Advanced Micro Devices (AMD): Market Cap: $153.4B, Forward P/E Ratio: 48.4
21. Qualcomm (QCOM): Market Cap: $157.9B, Forward P/E Ratio: 14.5
22. Micron Technology (MU): Market Cap: $104.6B, Forward P/E Ratio: 6.5
23. Twilio (TWLO): Market Cap: $60.5B, Forward P/E Ratio: N/A
24. Palo Alto Networks (PANW): Market Cap: $37.4B, Forward P/E Ratio: 46.6

Conclusion:
These 24 AI stocks, carefully selected by Goldman Sachs, represent companies that are at the forefront of AI or are enabling significant advancements in various industries. Investing in these stocks allows investors to participate in the potential long-term productivity and profit that AI technology may bring. However, it is important to conduct further research and consider individual investment goals and risk tolerance before making any investment decisions.

Disclaimer:
Please note that investing in stocks involves risks, and the information provided in this article should not be considered as financial advice. It is always recommended to consult with a professional financial advisor before making investment decisions.