TEMPO.CO, Jakarta - The widespread adoption of AI continues to redefine numerous industries, resulting in the growing interest in this transformative innovation. Many investors are currently keeping a close eye on the companies leading the charge for possible portfolio surges in future days. If you are curious and looking for profitability, here are the top AI companies to invest in, as highlighted by various sources.
10 AI Companies to Invest in
Some experts including the US News and Nasdaq recommended fast-growing AI companies such as NVIDIA and Microsoft Corp to invest in. Few other lucrative businesses in the industry also include:
1. NVIDIA
Demonstrating unwavering dedication and remarkable expertise, NVIDIA stands out as one of the top AI stocks to invest in, thanks to its impressive track record and innovative contributions to the field.
Since 2012, NVIDIA has played a pivotal role in advancing AI applications, solidifying its position as a tech powerhouse.
With a stellar “A” grade for financial health from Morningstar and projected earnings per share (EPS) growth of 21.9% this year, NVIDIA’s future looks brighter than ever.
2. Microsoft Corp
Weaving an exclusive partnership with OpenAI, the stocks of Microsoft Corp are undoubtedly worthy of attention. Just last year, the company was attributed to a total market cap touching the base of US$3.097 trillion which further solidified its reputation. Its growing revenue for the past years also played a pivotal role in keeping the high-rank status of Microsoft among the biggest tech companies.
3. Alphabet Inc
The parent company of Google reserves a spot among the top AI companies to invest in, primarily for its prominence in today’s daily life. According to NASDAQ, Alphabet now benefits from the rollout of AI in several arrangements including cloud services, search and research divisions, as well as AI-powered advertisement.
4. AMAZON Inc
While many recognize Amazon as a global e-commerce giant, the company’s reach goes far beyond online shopping. Amazon has firmly established itself as a major player in cloud computing and data storage, harnessing cutting-edge technology to shape the future of digital services. Among its most iconic innovations are Alexa and Echo, AI-powered devices that use advanced voice recognition to deliver instant answers and seamless smart home integration.
5. Meta Platform Inc
Meta has been at the forefront of AI innovation, pushing boundaries with groundbreaking applications in virtual reality and real-time communication translation. This tech titan has shown remarkable financial resilience, boasting a 15.4% surge in earnings per share (EPS) last year. Despite its robust growth, Meta remains fairly priced, making it an attractive AI investment opportunity for a wide range of investors looking to tap into the future of digital interaction.
6. Taiwan Semiconductor Manufacturing Co (TSM)
With a staggering market cap of $1.04 trillion, TSM shows no signs of slowing down. According to Forbes, industry giants like NVIDIA, AMD, and Broadcom rely on TSM’s expertise to drive the development of AI infrastructure, an essential backbone for futuristic technology. The company recently has ambitious plans to expand its footprint into advanced economies such as the United States and Germany.
7. C3.ai Inc
Despite being a newcomer to the stock trading scene and not yet turning a profit, this company is generating plenty of buzz among analysts. Experts predict impressive earnings per share (EPS) growth over the next five years, hinting at a promising future. While Morningstar has given the company a “C” rating for financial health, its potential for long-term success makes it an intriguing prospect for forward-thinking investors.
8. ASML Holding NV
Within the range of electronic technology, ASML is an unyielding player dominating the manufacture of lithography, metrology, and inspection system machines. The company strives to make refined adjustments with the deployment of AI chips across its infrastructures.
9. SoundHound AI
SoundHound AI, a voice-based AI company, has been making waves with its outstanding performance over the past four quarters, exceeding EPS expectations twice. What truly sets SoundHound AI apart is its diverse and prestigious client base, including renowned names like Hyundai, Krispy Kreme, Pandora, White Castle, Toast, and Square. This impressive lineup not only highlights the company’s growing influence but also reinforces its status as a leading player in the AI industry.
10. Arista Networks Inc
Arista Networks (ANET) has earned its spot thanks to remarkable EPS growth and a robust financial profile. Morningstar has awarded ANET an impressive "A" grade for financial health, reflecting the company’s strong position in the market. Designed to keep pace with rapid technological advancements, ANET’s network infrastructure is highly adaptable, positioning the company as a key player in the ever-evolving tech landscape.
With the growing adoption of the artificial intelligence system, numerous investors are on the lookout for the top AI companies to invest in. More information about stocks can be derived from the coverage of the best crypto to buy here.
Editor's Choice: Indonesia's Intelligence Agency Goes Social; Launches Official Instagram, X, TikTok Accounts
Click here to get the latest news updates from Tempo on Google News
