With the surge and yearly improvement in the tech industry, the Artificial intelligence sector plays a huge role in this development. Before now, AI is very useful in the financial sector, for forecasting, and making data-driven analyses. Every other sector now adopts the use of AI in their tech activities. AI is now part and parcel of different technology and applications. Many startups are looking toward creating AI tech across different sectors. Different startups now use it to create technology wonders in different sectors. For instance, in the health sector, BenevolentAI uses AI to enhance drug discovery processes. Also, companies like NVIDIA use AI to enhance gaming ability and also make processors that power AI database engines like Chatgpt. This cuts across different sectors and companies that implement artificial intelligence and open invest stock.
Artificial intelligence is only just starting, more companies are emerging, and there are credible futuristic predictions for AI companies. According to Statistica, the Artificial Intelligence industry is expected to grow to US$305.90 billion by 2024. The market is predicted to develop at a 15.83% annual pace (CAGR 2024-2030), reaching a volume of US$738.80 billion by 2030. This is no doubt a call for investment. If you are in the USA, looking to invest in top Artificial intelligence companies, here are the top 12 to invest in for 2024
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1. Atkore
The company which has been recognized for its electrical raceway products historically, has been subtly incorporating artificial intelligence into its production procedures to improve output quality and efficiency. Atkore is not a startup focused solely on artificial intelligence, but its use of intelligent technology shows a proactive attitude that may pay off. The company offers strong growth at an affordable price and immediately benefits from the rise in semiconductor and artificial intelligence production.
Stock Price: 148.31
Market Cap: $5.53B
Analysts projections: The highest analyst price target for Atkore is $190.00, while the lowest estimate is $176.00. The target price of $148.31 is a moderate buy since it represents a 24.00% increase from the current price. According to three Wall Street analysts’ evaluations, this is the case.
2. MasterCard
To fight fraud and enhance client security, Mastercard has long embraced AI. To recognize and stop fraudulent activity, its AI technologies, including Decision Intelligence, evaluate transaction data in real time. Mastercard embodies a combination of stability and cutting-edge technology, as seen by its strong market presence and continuous recognition from analysts for its creative use of artificial intelligence.
Stock Price: 457.88
Market Cap: 427.66B
Analyst projections: According to 30 Wall Street analysts who, during the last three months, offered 12-month price predictions for Mastercard. Five hundred and forty-one dollars is the average price target; the high and low forecasts are $549.00 and $462.00, respectively. At $457.88, the average price target is 11.47% higher than the previous price, making it a compelling purchase. Furthermore, MA revealed a new AI that will 300% reduce fraudulent activity.
3. Salesforce
Salesforce has a dominant position in the customer relationship management (CRM) industry, and its AI-driven Einstein platform is evidence of its inventiveness. For predictive analytics and individualized customer engagements, Einstein AI interfaces with the whole Salesforce product portfolio. To help its internal sales efforts and customer-facing software, it recently introduced ChatGPT-like functionality to its already-existing Al module, Einstein.
Stock Price: $291.30
Market Cap: $279.15B
Analysts Projections: Based on 38 Wall Street analysts’ 12-month price forecasts for Salesforce provided during the last three months, projections were made. The average target price is $285.29, with a high and low forecast of $350.00 and $212.00, respectively. With its new Artificial intelligence features, the average price target is still a modest invest despite being down 2.06% from the previous price of $291.30.
4. NVIDIA
Among AI investments, NVIDIA is undoubtedly the best. Everything from data centers to driverless cars is powered by its GPUs, which are the foundation of AI research and development. A testament to its supremacy and the unquenchable demand for its AI and computing capabilities is NVIDIA’s steady expansion in market capitalization and positive analyst projections. Look no further than NVIDIA if you’re an investor seeking for a business with a strong foundation in AI and room to develop rapidly.
Stock Price: $467.85
Market Cap: $1.78 trillion
Analyst Projection: 38 Wall Street analysts have provided 12-month price estimates for Nvidia during the past three months. A high estimate of $1,100.00 and a low forecast of $560.00 correspond to an average price target of $684.84. A drop of -5.06% from the previous price of $721.33 is represented by the average price target. At a price that is somewhat below the target average, this is an excellent investment. The high price is a reasonable target given the variety of AI infrastructures being developed.
5. APTIV PLC
AI-powered autonomous driving solutions from Aptiv PLC are causing a stir in the automotive industry. Aptiv’s position is becoming more and more important as the automotive industry races to have completely driverless vehicles. The firm will be a major player in transportation in the future thanks to its focus on AI and machine learning for safer, more effective driving experiences.
Stock Price: 82.02
Market Cap: $22.89B
Analyst Projections: 14 Wall Street analysts have provided 12-month price predictions for Aptiv during the past three months, based on their projections. The target price on average is $106.50, with a high and low forecast of $148.00 and $74.50, respectively. From the most recent price of $82.02, the average price target reflects a 29.85% change.
6. AMD
Though AMD has always been recognized for its graphics cards and CPUs, the firm is presently receiving notice for its advancements in artificial intelligence. The primary goal of AMD’s AI services and solutions is to supply the processing power required for deep learning and machine learning applications. AMD has increased its AI and machine learning capabilities with the acquisition of Xilinx. As a result, it now offers a variety of adaptive computing solutions, which are increasingly indispensable in AI data centers.
The firm is well-positioned for future development because of its strategic alliances and dedication to innovation in AI processors.
Stock Price: 173.95
Market Cap: 281.09B
Analyst Projection: Based on 34 Wall Street analysts’ 12-month price forecasts for Advanced Micro Devices provided during the last three months, the analyst projection was made. With a high forecast of $270.00 and a low forecast of $140.00, the average price target is $194.16. The difference from the previous price of $174.01 to the average price target is 11.58%.
7. Symbiotic
A fictitious example that exemplifies tiny businesses and startups having a big effect on the AI industry is called Symbiotic. These businesses concentrate on developing AI solutions that improve productivity and decision-making by integrating smoothly with current corporate procedures. Products from Symbiotic may include intelligent automation solutions and AI-driven analytics tools that are flexible enough to meet the demands of different industries. Target and Walmart have employed SYM products to cut labor expenses and streamline processes.
The capacity of businesses like Symbiotic to adapt and the efficiency of their Artificial intelligence technology in resolving practical issues will determine how profitable invest they will be in the future.
Stock Price: $47.83
Market Cap: 27.62B
Analyst Projection: Based on the 11 Wall Street analysts who have provided 12-month price goals for Symbiotic during the past three months, the analyst projection was made. The target price is $55.30 on average, with a high and low forecast of $72.00 and $44.00, respectively. The target average price has changed by 18.39% from the previous price of $46.71.
8. ServiceNow, Inc
By automating IT processes and improving workflow management, ServiceNow, Inc. has established itself as a leader in the corporate software market. With the use of intelligent automation and AI-driven insights, the firm hopes to further increase the efficiency of enterprise operations. ServiceNow designs its AI solutions to improve user experience, optimize workflows, and offer predictive insights that support smarter decision-making.
Stock Price: 803.10
Market Cap: 164.50B
Analyst Projection: The average price target for ServiceNow stock, according to the 32 analysts who have provided 12-month price estimates, is 730.63, with a range of 530 to 910. From the current stock price of 803.62, the average target anticipates a decline of -9.08%. It is also suggested as a artificial intelligence company stock to invest strongly.
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