As technology advances exponentially, artificial intelligence stocks have become a pervasive presence on Wall Street. Generative AI stocks, which apply AI technologies to produce content such as images, music, and text, have steadily gained popularity over the past few years. In particular, ChatGPT, a publicly traded AI-based natural language series has seen its stock shoot up exponentially in recent weeks, becoming the poster child for generative AI stocks.
Given ChatGPT’s success, investors are sure to be on the lookout for other Generative AI stocks that could experience similar success. To help inform your trading decisions, this article will provide a list of 10 generative AI stocks to watch, both now and in the near future.
First, let’s begin by introducing generative AI. Generative AI encompasses a broad range of AI-based technologies, such as computer vision, natural language processing, and network analysis. The primary goal of generative AI is to create new content from existing information, often using complex algorithms and sophisticated data processing techniques. Generative AI stocks leverage these capabilities for both industrial and consumer applications, ranging from vehicle engineering to gaming.
Next, let’s consider our list of AI stocks to watch. These stocks come from a wide range of technologies, both established and cutting edge. As listed, these stocks include:
1. NVIDIA: NVIDIA’s machine-learning and deep learning platforms are widely used for generative AI. It is also applying its AI capabilities to fields such as autonomous driving and healthcare.
2. Alteryx: Alteryx provides a range of generative AI-based analytics solutions that enable businesses to process and categorize data quickly and accurately.
3. Amazon Web Services: AWS is at the forefront of generative AI applications and is a key player in creating AI-driven services such as Alexa.
4. Splunk: Splunk provides analytics solutions using AI to help companies better understand their data.
5. Microsoft: Microsoft recently acquired an AI startup and is investing heavily in its development, particularly in the area of generative AI.
6. IBM: IBM has a wide range of AI offerings and regularly releases new generative AI products.
7. DeepMind Technologies: DeepMind has been the leader in developing AI solutions for industries such as healthcare and finance.
8. uber AI: uber AI brings generative AI capabilities to transportation services, optimizing vehicle performance in complex environments.
9. Graphcore Inc: Graphcore develops AI chips that enable faster and more efficient computing.
10. OpenAI: OpenAI is an AI research company that works on generative AI applications, as well as robotics and virtual assistants.
As investors look to diversify their portfolios, generative AI stocks can provide an ideal opportunity to gain exposure to the artificial intelligence industry. The stocks listed above are a strong starting point for investors who are interested in exploring the world of AI stocks. As the world moves ever closer to the age of artificial intelligence, it will be important for investors to stay informed on the evolving landscape of AI stocks, and to watch for companies with the potential to unlock the full capabilities of generative AI.
As for ChatGPT, it may have enjoyed a meteoric rise, but the stock’s outlook is still difficult to predict in the long term. As such, it may be wise for investors to proceed with caution and to diversify their investments across generative AI stocks.