In this article, we will take a look at the best AI stocks for 2022. If you are interested in reading our comprehensive analysis of the AI industry, jump to our list of the 10 best AI stocks for 2022. Major IT companies like Google, Amazon, Apple, and Microsoft are all investing in AI research and development. Through the usage of virtual assistants like Siri and Alexa, AI has entered our daily lives. Follow Nicktech for more updates
There is no doubt that AI will be a major technological advancement in the near future. At least a sizable portion of us is aware of it. The advent of AI promises to revolutionize every facet of society over the next few decades. From 2020 to 2027, the global market for AI is expected to expand from 2019’s $39.9 billion at a CAGR (compound annual growth rate) of 42.2%, as reported by Grand View Research.
Alphabet Inc. (NASDAQ: GOOG)
The Alphabet Inc. search engine is the most recognizable product of the California-based technology company Alphabet Inc. (NASDAQ: GOOG), which operates in dozens of countries across the world. The company was one of the first in the technology sector to see the potential of artificial intelligence, having founded DeepMind, a research laboratory dedicated to the field, in 2010. The company has restructured in recent years to focus on AI, launching initiatives in the automotive, smartphone, healthcare, and semiconductor sectors to implement the technology. Visit Vitaltech for tech news
Microsoft Stocks
Microsoft is a well-known IT company that offers a wide range of products and services, including PCs, software, the cloud platform Azure, and more. The price of MSFT shares has risen by 55% in the past year. The company had a 60 percent growth in sales in its first fiscal year. Microsoft is putting $1 billion into a new artificial intelligence lab dubbed OpenAI, which should boost the company’s stock price in the foreseeable future.
NVIDIA
When it comes to gaming hardware, Nvidia has been the undisputed leader since 1999, consistently releasing the most powerful graphics cards on the market. Their share price is up 67.6 percent, which is 39 percent higher than the rest of the robotics industry. Sales are expected to rise by 35% in 2020, to roughly $2.97 billion, according to market forecasts. Earnings per share are expected to more than double, from $0.75 to $1.66.
Tencent Holdings
Global investment giant Tencent is also responsible for creating one of the most downloaded mobile games of all time, PUBG Mobile. They are the ones who come up with the idea for mobile games, mobile music, online portals, online payment systems, mobile phones, and social networks. The company’s share price on the Hong Kong Stock Exchange rose from HK$3.70 to HK$100, indicating an increase of $800 million in revenue. Read more:
Ascent
Using cloud computing and AI, Ascent designs, implements, and manages robust and secure compliance programs for financial institutions. The company, which has been providing cloud solutions since its inception in 2015, uses machine learning to track changes in regulatory requirements and make real-time adjustments to address any issues that arise as a result.
Riskified
Riskified is an AI-driven platform that streamlines the checkout process for online retailers by verifying the identities of their consumers. As online retailers roll out new products and expand into new markets, Riskified’s scalable solution evolves to meet the market’s needs. The company’s anti-fraud algorithms, trained on data from over a billion transactions, make instantaneous decisions that foil any attempts at online shopping fraud.
Cylance
Cylance is a cyber security company that offers solutions built on AI, ML, and algorithmic research, which together provide a data-driven strategy for detecting and eliminating cyber threats. The firm, which Blackberry acquired in 2018, works with corporations, governments, and individual customers to address the ever-changing nature of cyber threats.
Read More: Top 4 Colleges and Universities for Engineering in the World
