The world is in the midst of a technological revolution, and investors are keenly watching the top artificial intelligence (AI) stocks. From defense to education, finance, and energy, AI is transforming the world and investors are eager to capitalize.
Nvidia, known for high-end computing, AI, and virtual reality, is currently a leading AI stock. The company’s valuation hit $1 trillion, and its stocks surged following its latest earnings announcement, backed by strong demand for its AI-oriented chips.
AI-driven lending platform, Upstart, offers an enticing investment option as well. Despite the pandemic-driven challenges, the company posted an encouraging Q1 2021, fueled by its AI-powered credit scoring model that outperforms traditional methods.
SoundHound AI, specializing in conversational AI, surged 54% due to the significant demand and increased gross margins, despite a net loss in the previous quarter. The company’s CEO points out that AI is serving as a new foundational capability in society.
Investors looking to tap into the AI revolution should also consider the ROBO Global Artificial Intelligence ETF. The THNQ ETF aims to invest in the companies leading the AI advancements through innovative technology and infrastructure, including Nvidia, Twilio, Splunk, and Amazon, among others.
Arista Networks, which specializes in cloud networking solutions that provide high-throughput data center switches, is also a must-watch AI stock, having exceeded Q1 2021 expectations, with revenues climbing nearly 54% YoY.
Finally, Baidu, a pioneering AI company unveiled its powerful chatbot, ERNIE, which is rapidly transforming human-machine connections and improving user experiences. It also launched a $140 million venture fund to nurture AI startups and stimulate innovation.
Qualcomm continues to make significant strides, developing AI-enabled chips for mobile applications, IoT, and connected cars, with a healthy dividend yield and robust starting valuation.
With the proliferation of AI, these must-watch AI stocks are an exciting prospect for investors looking for high-performing stocks in a rapidly growing industry.
