2023 will go down as the year that the Artificial Intelligence (AI) become a dominant theme for investors. The emergence of this new technology is threatening to disrupt numerous industries and is triggering explosive growth potential.
From healthcare to autonomous vehicles…and from manufacturing to finance…AI has become an important part of nearly every aspect of modern life.
This breakthrough technology is having such a dramatic impact by bringing unprecedented efficiency and accuracy, allowing for tasks to be completed in a fraction of the time previously needed.
This technology’s rapid growth, naturally, has triggered a wave of opportunities for investors.
But as is the case with any rapidly growing industry, it will be up to investors to separate the future market leaders and innovators from those companies who ultimately fail to deliver on their early promise.
That’s why it’s critically that you examine each potential investment carefully – and making a sound decision that also considers your own financial outlook and acceptable level of risk.
To that end, here are 5 AI stocks that now appear poised for significant upside potential in the months ahead and are worthy of closer examination:
Top AI Stock #1 – Symbiotic Inc. (Nasdaq: SYM)
Symbotic Inc. (Nasdaq: SYM) is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies.
Applying next-generation technology, high-density storage and machine learning to solve today’s complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency.
As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers.
Top AI Stock #2 – PROS Holdings, Inc. (NYSE: PRO)
PROS Holdings, Inc. (NYSE: PRO) is a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions.
The company’s vision is to optimize every shopping and selling experience. With over 30 years of industry expertise and a proven track record of success, PROS helps B2B and B2C companies across the globe, in a variety of industries, including manufacturing, distribution, services, and airlines, drive profitable growth.
The PROS Platform leverages AI to provide real-time predictive insights that enable businesses to drive revenue and margin improvements.
Top AI Stock #3 – NVIDIA Corporation (Nasdaq: NVDA)
NVIDIA Corporation (Nasdaq: NVDA) provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software.
The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.
Top AI Stock #4 – C3.ai, Inc. (NYSE: AI)
C3.ai Inc. (NYSE: AI) provides SaaS (software as a service) applications to develop, deploy and run enterprise-scale AI applications. Offerings include purpose-driven software suites for supply chain optimization and energy efficiency, and industry-specific solutions for financial services and oil and gas.
The company’s C3 AI application platform enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina to for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 AI Data Vision that visualizes, understands, and leverages the relationships between data entities.
C3.ai has jumped on the generative AI trend by launching the C3 Generative AI Product Suite. And while this offering has yet to significantly impact quarterly earnings, analysts and the company expect that to change during the current fiscal year that ends in April 2024.
According to consensus estimates, C3.ai is expecting to get between $295 million and $320 million for fiscal 2024, while analysts are predicting $305.6 million.
Top AI Stock #5 – Palantir Technologies Inc. (NYSE: PLTR)
Palantir Technologies Inc. (NYSE: PLTR) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.
The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that enables customers to deploy their own software virtually in any environment.