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Top 10 AI stocks for long-term investing in 2024: Invest now for big profits in the future
As artificial intelligence is revolutionizing various industries and sectors, AI stocks are one of the most popular and promising investments for the future. However, choosing the best AI stocks can be difficult as there are many factors to consider, including market share, innovation, growth potential, and valuation. Here are some of the best AI stocks for long-term investing, recommended by experts and analysts.
Microsoft (MSFT):
Microsoft is a technology giant with a strong presence in the field of artificial intelligence, offering the Azure cloud platform, the Cortana digital assistant, and a variety of AI tools and services. Microsoft is also the largest investor in OpenAI, a research organization aimed at developing artificial general intelligence.
AMD (AMD):
AMD is a major chip maker that competes with Nvidia in the AI space. AMD is expected to launch its mi300 chip in 2024, which could be a cheaper and faster alternative to Nvidia’s h100 chip for AI applications. If you are looking for a long-term investment, why not consider this AI stock?
Broadcom (AVGO):
Broadcom is a semiconductor giant that provides chips and software for a variety of AI applications, including cloud computing, data centers, and 5G networks. Broadcom recently acquired VMware, a leader in cloud infrastructure and digital workspace technology. This could improve the company’s AI capabilities and revenue.
Intel (INTC):
Intel is another chipmaker trying to catch up with Nvidia and AMD in the AI market. Intel has acquired several AI startups such as Habana Labs, Mobileye, and Nervana Systems to strengthen its AI portfolio. Intel also offers AI software and hardware solutions such as Intel Neural Compute Stick and Intel AI DevCloud.
Snowflake (SNOW):
Snowflake is a cloud-based data platform that allows users to store, analyze, and share large amounts of data. Snowflake leverages AI to optimize data management, security, and performance. Snowflake also partners with various AI providers, including Amazon Web Services, Google Cloud, and IBM, to provide AI solutions to its customers.
Amazon (AMZN):
Amazon is an e-commerce and cloud computing giant that uses AI to power online retail, shipping, streaming, and voice services. Amazon also provides AI products and services to customers and developers, including Amazon Web Services, Amazon Alexa, Amazon SageMaker, and Amazon Rekognition.
Nvidia (NVDA):
Nvidia is a dominant player in the AI chip market, with its GPUs powering many of the AI models and services it generates. Nvidia also offers AI software and platforms such as CUDA, TensorRT, and Jarvis. Nvidia stock soared 234% in 2023, and analysts expect growth to continue in 2024. If you’re looking for a long-term investment, this AI stock stands out as an attractive option to consider.
Crowdstrike (CRWD):
CrowdStrike is a cybersecurity company that uses AI and cloud computing to protect its customers from cyberattacks. CrowdStrike’s Falcon platform leverages AI to detect and prevent threats and provides threat intelligence and response services.
Salesforce (CRM):
Salesforce is a cloud-based software company that provides customer relationship management (CRM) and enterprise applications. Salesforce uses AI to power its products and services, including Salesforce Einstein, which provides AI-powered insights and recommendations to users. Salesforce stock doubled in 2023 after announcing several acquisitions and partnerships, including Slack, Tableau, and Meta Platforms.
Arista Networks (ANET):
Arista Networks is a networking company that provides cloud networking solutions to data centers, cloud providers, and enterprises. Arista Networks leverages artificial intelligence to optimize network performance, security, and automation with products such as Arista Cognitive Cloud Networking and Arista Cognitive WiFi.
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