10 AI Stocks to Power Your Portfolio in 2024

The rapid evolution of artificial intelligence (AI) is reshaping various aspects of our world, influencing our work habits and interactions with technology. With the ongoing expansion and development of AI, there is a corresponding increase in potential for investors. Here, we highlight 10 AI stocks you should invest in 2024, which exhibit strong potential for robust performance in the year of 2024:

1. NVIDIA (NVDA): This chipmaker is a leader in AI hardware, particularly graphics processing units (GPUs) crucial for training and running AI models. NVIDIA’s strong brand, diverse product portfolio, and focus on cutting-edge technology make it a top pick for AI exposure.

2. Alphabet (GOOGL): Google’s parent company is a powerhouse in AI research and development, with DeepMind at the forefront. Their AI solutions are used in various Google products and services, and they are actively expanding into new markets like healthcare and self-driving cars.

3. Microsoft (MSFT): Microsoft Azure, the company’s cloud platform, offers a suite of AI tools and services, making it a prime competitor in the cloud AI market. Their focus on enterprise solutions and partnerships with leading AI startups makes them a strong long-term play.

4. Amazon (AMZN): Amazon Web Services (AWS) is another major player in the cloud AI space, offering various AI and machine learning tools for businesses. Amazon’s vast data resources and focus on innovation position them well to capitalize on the growing demand for AI solutions.

5. Meta Platforms (META): Formerly Facebook, Meta is heavily investing in AI for various applications, including personalized advertising, content moderation, and virtual reality. Their large user base and focus on building the metaverse make them an interesting AI stock to watch.

6. CrowdStrike (CRWD): This cybersecurity company leverages AI and machine learning to detect and prevent cyberattacks. Their cloud-based platform and focus on proactive security make them a valuable asset in today’s increasingly digital world.

7. C3.ai (AI): This pure-play AI software company offers a platform that helps businesses build and deploy AI applications. Their focus on enterprise AI and partnerships with major players like Shell and Baker Hughes make them a promising pick for B2B AI exposure.

8. Upstart Holdings (UPST): This AI-powered lending platform uses machine learning to assess creditworthiness and offer loans to borrowers with limited credit history. Their innovative approach and rapid growth potential make them an attractive option for investors seeking exposure to the fintech space.

9. Palantir Technologies (PLTR): This data analytics company specializes in building software for government and defense agencies. Their AI-powered tools help analyze vast amounts of data and make informed decisions. Palantir’s unique market position and focus on national security make them a compelling investment for those seeking high-growth potential.

10. UiPath (PATH): This robotic process automation (RPA) company uses AI to automate repetitive tasks, freeing up human employees for more strategic work. UiPath’s focus on improving operational efficiency and its large customer base make it a leader in the RPA market.

Remember, investing in individual stocks carries inherent risks. Conduct thorough research, diversify your portfolio, and consider consulting with a financial advisor before making any investment decisions.

Bonus Tip: Consider AI-focused exchange-traded funds (ETFs) for broader exposure to the AI market. These ETFs offer diversification and potentially lower risk than investing in individual stocks.

This list is not exhaustive, and many other promising AI stocks exist. Do your research, understand your risk tolerance, and invest in companies you believe have the potential to grow and thrive in the AI-powered future.

**Disclaimer: This article is just a personal opinion. It has in no way provide any buy or sell investment recommendation. Reader needs to study and access the risk on their own and it is sole reader’s decision in making any investment. Writer will not responsible for any loss incurred by readers.