Top 7 Artificial Intelligence Stocks to Watch in 2021

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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.

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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.

Frequently Asked Questions (FAQs) Related to the Above News

What are the top 7 artificial intelligence (AI) stocks to watch in 2021?

The top 7 AI stocks to watch in 2021 are Nvidia, Upstart, SoundHound AI, ROBO Global Artificial Intelligence ETF, Arista Networks, Baidu, and Qualcomm.

Why is Nvidia currently a leading AI stock?

Nvidia is a leading AI stock due to its high-end computing, AI, and virtual reality capabilities. Its stocks surged following its latest earnings announcement, backed by strong demand for its AI-oriented chips.

How has Upstart performed despite pandemic-driven challenges?

Upstart has posted an encouraging Q1 2021, fueled by its AI-powered credit scoring model that outperforms traditional methods.

Why did SoundHound AI surge despite a net loss in the previous quarter?

SoundHound AI surged 54% due to significant demand and increased gross margins. Its CEO points out that AI is serving as a new foundational capability in society.

What is the ROBO Global Artificial Intelligence ETF?

The ROBO Global Artificial Intelligence ETF aims to invest in companies leading AI advancements through innovative technology and infrastructure, including Nvidia, Twilio, Splunk, and Amazon, among others.

How has Arista Networks performed in Q1 2021?

Arista Networks exceeded Q1 2021 expectations, with revenues climbing nearly 54% YoY. The company specializes in cloud networking solutions that provide high-throughput data center switches.

What recent developments has Baidu made in the AI industry?

Baidu 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.

What sets Qualcomm apart in the AI industry?

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.

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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