10 AI Stocks to Keep on Your Radar

Stay up to date with the rapid evolution of AI technology.

Hey MFG,

The stocks listed here represent AI companies that I’m currently researching, tracking, and investigating for trades and investments, including some that I already own.

AI is still to some degree considered a speculative investment. These stocks are volatile and their value is based on their anticipated potential growth, which poses risk and uncertainty.

As a professional investor and trader, I need volatility and uncertainty to get rich. I have no clue where these stocks are going, but they’re the AI companies on my radar.

Make sure to do your own research and follow the Money Flow rules.

Before this article starts, I want to say I’m not covering the big leading tech companies involved in AI, such as, GOOG, AMZN, NVDA, AAPL, META, and MSFT. These companies are obvious major players in the AI field, you can read up on them on your own. I’m reporting ideas and information I’ve found through my own investigation and research process.

- GP

10 AI Stocks to Keep on Your Radar: Stay Up to Date with The Rapid Evolution of AI Technology

1. C3.Ai, Inc (AI)

C3.Ai, Inc (AI) is a top technology software player in the competitive field of enterprise AI solutions. The company faces competition from major tech companies like IBM, GOOG, and MSFT. Despite this, C3.ai has carved out a niche by focusing on specific industrial applications of AI, which allows for deeper penetration into industries that have complex, data-intensive needs.

AI AI 0.00%↑ specializes in artificial intelligence (AI) and Internet of Things (IoT) software applications. The company primarily offers AI software-as-a-service (SaaS) applications designed to solve complex business problems across various industries such as energy, manufacturing, and healthcare.

As industries continue to digitize their operations, the demand for AI solutions like those offered by AI is expected to increase. AI has also established several strategic partnerships with major industry players like MSFT MSFT 0.00%↑ and ADBE ADBE 0.00%↑ , which not only enhances its market reach, but also validates its technology platform. These partnerships are critical for scaling its solutions and entering new markets.

The enterprise AI market presents a significant growth opportunity as more industries seek AI solutions to improve efficiency and decision-making.

2. Tesla Inc (TSLA)

Tesla Inc (TSLA) is at the forefront of AI technology primarily due to its significant advancements in autonomous driving and the development of its own AI hardware. The company has developed custom AI chips called the Full Self-Driving (FSD) and Dojo chips, which are integral to its self-driving technology.

These chips allow for rapid processing and are central to Tesla’s strategy of using real-world data from its fleet of vehicles to continuously train and improve its AI systems.

It’s important to note TSLA TSLA 0.00%↑ is not just about electric vehicles; it's about AI and robotics. TSLA has launched the development of Optimus, a humanoid robot designed to perform tasks that are dangerous, tedious, or repetitive, potentially transforming the labor market and productivity across industries.

The potential applications for TSLA's humanoid robots in manufacturing, personal assistance, and beyond, promise to open new revenue streams and markets for the company. Given TSLA's track record of disrupting industries and driving technological change, the development of Optimus represents a unique investment opportunity in a future where AI and robotics redefine the way we live and work.

3. Advanced Micro Devices, Inc.(AMD)

Advanced Micro Devices, Inc. (AMD) is making a significant impact in the field of AI through its advancements in AI chip technology, particularly with its recent efforts to compete in the AI-driven semiconductor market.

AMD AMD 0.00%↑ has been actively developing chips that are optimized for AI tasks. These include GPUs that are capable of handling intensive AI computations, which are crucial for tasks such as machine learning and deep learning.

These GPUs are designed specifically for high-performance AI applications and they’re used in supercomputers and large data centers, where massive amounts of data need to be processed quickly and efficiently.

AMD has also acquired Xilinx, a company that specializes in FPGA (Field-Programmable Gate Array) technology, which has boosted its capabilities in the AI and machine learning sectors. FPGA technology is highly adaptable and can be used for various AI applications from edge computing to data centers.

4. International Business Machines (IBM)

International Business Machines (IBM), one of the Dogs of the Dow and a foundational pillar in the technology sector, has epitomized innovation for more than a hundred years. This "old big tech" company has not only played a pivotal role in the development of the computing industry, but has also been at the forefront of AI since its inception.

In 2011, IBM IBM 0.00%↑ introduced Watson, an AI system that achieved fame by winning the quiz show "Jeopardy!" against human champions.

Today, Watson is more than just a game-playing computer; it provides robust AI applications for various industries, including healthcare, finance, and customer service, helping businesses make more informed decisions by uncovering trends and patterns in data.

IBM invests billions of dollars in research and development focusing on quantum computing, blockchain, and AI.

In recent years, IBM has strategically pivoted to cloud computing and AI. The acquisition of Red Hat in 2019 significantly strengthened IBM’s capabilities in hybrid cloud, positioning the company to innovate and lead in this rapidly expanding market.

5. Aurora Innovation, Inc (AUR)

Founded by executives from GOOG, TSLA, and UBER, Aurora Innovation, Inc (AUR) stands out in the AI landscape by pioneering self-driving vehicle technologies. Their Aurora Driver platform is adopted by major manufacturers like Fiat Chrysler, Toyota, and Volvo for applications ranging from freight to ridesharing.

The Aurora Beacon platform, introduced in 2022, enhances fleet management and operational efficiency, and an expanded partnership with FedEx underscores its impact on the shipping industry.

By the end of 2024, AUR AUR 0.00%↑ aims to launch a driverless truck route between Dallas and Houston, with further plans to develop a lineup of autonomous semi-trucks in collaboration with Continental by 2027.

6. CrowdStrike Holdings, Inc. (CRWD)

CrowdStrike Holdings, Inc. (CRWD) is a leading cybersecurity company that provides cloud-delivered protection against cyber threats. It serves a broad range of industries by offering endpoint security, threat intelligence, and incident response services. CRWD CRWD 0.00%↑ implements AI by using advanced algorithms and machine learning to detect, prevent, and respond to cyber attacks in real time.

Their AI-driven technology analyzes billions of events per day to identify and counter threats, which enhances the security posture of organizations and reduces the need for manual intervention in threat detection and response.

As businesses across the globe increasingly adopt digital and cloud technologies, the demand for robust cybersecurity solutions grows, positioning CrowdStrike for potential continued revenue growth.

7. Snowflake Inc (SNOW)

Snowflake Inc SNOW 0.00%↑ , established in 2012 and headquartered in Bozeman, Montana, has quickly emerged as a leader in cloud-based data warehousing. The company provides a revolutionary cloud-based data storage and analytics service, which allows businesses to store, access, and analyze data efficiently using cloud-based hardware and software.

SNOW’s platform operates on major cloud infrastructure services, including Amazon AWS, Microsoft Azure, and Google Cloud Platform, which underscores its versatility and broad accessibility. Its business model revolves around offering high-performance data warehousing, data lakes, data engineering, and a seamless data sharing interface that supports both structured and semi-structured data.

The platform's ability to eliminate data silos by providing a single, integrated solution for data storage and analytics is one of its key selling points. This capability is enhanced by its data sharing feature, which allows live, governed, and secure data access across different regions and cloud platforms without moving the data itself.

SNOW’s robust platform supports a wide range of data workloads and applications from data warehousing and big data analytics to secure data sharing and application development, making it an essential tool for businesses looking to leverage data for competitive advantage.

8. Palantir Technologies Inc. (PLTR)

Palantir Technologies Inc. (PLTR) specializes in developing software platforms that enable data integration across diverse environments. The company operates through two main segments: Commercial and Government. It has secured multiple high-value contracts with government agencies, providing stable revenue streams.

PLTR’s software is used extensively in security, defense, and intelligence operations, as well as in commercial sectors for large-scale data analysis. PLTR PLTR 0.00%↑ uses its advanced data analytics platforms, which leverage machine learning and artificial intelligence to enhance decision-making processes.

Their platforms, like Palantir Gotham and Palantir Foundry, are designed to handle large-scale data integration, management, and analytical operations, which often incorporate AI to provide deeper insights, predictive analytics, and more efficient data processing for their clients in both government and commercial sectors.

PLTR’s expertise in data integration, advanced analytics, and AI positions it well within the growing demand for big data solutions.

9. Salesforce.com, Inc. (CRM)

Salesforce.com, Inc. (CRM) is a leading technology company that specializes in customer relationship management (CRM) software and is known for its comprehensive ecosystem which includes various business apps and platforms

CRM CRM 0.00%↑ offers cloud-based applications for sales, service, marketing, and more, helping businesses to manage customer interactions and data efficiently.

CRM is considered a leading player in the AI field, primarily through its AI platform, Salesforce Einstein. This platform integrates AI capabilities across the Salesforce customer relationship management (CRM) suite, enabling features like predictive analytics, machine learning, and natural language processing to enhance customer service, marketing automation, and sales analytics.

CRM’s investment in AI helps businesses optimize their operations and provides insights that drive more personalized customer interactions. Salesforce Einstein enables businesses to gain deeper customer insights, automate tasks, and improve decision-making processes.

10. SentinelOne Inc. (S)

SentinelOne Inc. (S) is a prominent cybersecurity provider that operates both in the United States and internationally. Founded in 2013, S specializes in offering advanced cybersecurity solutions through its Singularity Platform.

This platform delivers AI-powered autonomous threat prevention, detection, and response capabilities, which cover a wide range of an organization’s digital landscape, including endpoints, cloud workloads, and identity credentials.

The strength of S S 0.00%↑ lies in its ability to provide seamless and autonomous protection against a broad spectrum of cyber threats, helping organizations to safeguard their data effectively across multiple platforms and devices.

The company's innovative approach integrates AI to enhance its cybersecurity products, making them capable of responding to threats at machine speed. This integration helps in significantly reducing the response time to threats, which is crucial for maintaining cybersecurity in dynamic and complex digital environments.

Take Charge of Your Future in AI Investing

The world of AI is evolving rapidly, and staying ahead means staying informed. Make a commitment today to actively research and study the latest developments in artificial intelligence. By understanding the dynamics of AI stocks, you can make more educated decisions that could significantly benefit your investment portfolio.

Don't let the future pass you by! Start by looking into each of the top 10 AI stocks I’ve highlighted, and keep your knowledge fresh by following industry news and updates.

GP’s Wrap-Up

These 10 AI stocks are on my radar- AI, TSLA, AMD, IBM, AUR, CRWD, SNOW, CRM, PLTR, and S. Remember, the AI boom is still in its inception and no one knows how these stocks or the sector will perform. Study AI and follow these stocks, consider adding on stage 1s, and follow the Money Flow rules. Always make sure to do your own research and practice proper position sizing.

Always remember, whatever you think about comes about, whatever you focus on grows! - GP

If you need help with setting up your charts and want a mini crash course in the Money Flow, consider GP's course:

"Getting Started with Stock Charts the Money Flow Way" and you will be ready to add shares to your portfolios on stage 1 when the markets are about to possibly rotate and trim profits when opportunities arise. CLICK HERE!

FINANCIAL DISCLAIMER

This is not financial advice, but education to increase awareness. Before making investment decisions, always do thorough research and possibly consult with a financial advisor. The above descriptions are a broad overview and may not capture all nuances associated with each asset.