Top Artificial Intelligence Stocks to Watch in 2024
Artificial intelligence is one of the most significant secular phenomena rapidly changing many facets of our daily lives. In the last ten years, there has been a considerable increase in the number of AI start-ups and initial public offerings (IPOs) due to the expanding technological trend. According to Gartner, businesses have adopted artificial intelligence at a pace of 270% over the previous several years. More than 1/3 of organizations now either employ AI or aim to do so. As a result, both long-term investors and short-term traders are becoming increasingly interested in AI investments.
Revolutionary AI technology is rapidly transforming businesses around the globe. Automation is a HOT trend, and intelligent analysis of consumer data is helping companies become even more efficient. Thanks to groundbreaking advancements in artificial intelligence, the cost of AI products is decreasing - meaning that more companies can now access this powerful technology.
It's very likely that the AI revolution is only just getting started! As AI technology continues to gain momentum, more and more companies are jumping on the bandwagon and joining the AI train. By 2024, AI could become a major part of our lives, and the stock market is showing that, with impressive gains across the tech sector.
I need to sound the warning bell though: investing in AI stocks can be risky business. These stocks don't move at the same speed as other blue-chip stocks, and AI small cap stocks come with even more risk! But if you're willing to take the plunge and manage your risks carefully, AI penny stocks can be a great way to make some serious trading profits.
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Growing investment in AI technology across industries and by businesses of all sizes is expected to gain traction over the next years. The global AI market is projected to grow at a CAGR of 20.1%, from $387.45 billion in 2022 to $1394.30 billion in 2029. In 2021, the size of the worldwide market was USD 328.34 billion
NYSE: AI — C3.ai — www.c3.ai
Provides service to build enterprise-scale AI applications for organizations in data-intensive industries. Last price $24.51
NYSE: ESTC — Elastic — www.elastic.co
Operates as search company that ingests and stores data from any source and in any format and perform search. Last price $79.56
NASDAQ: LMND — Lemonade — www.lemonade.com
Offers homeowners and renters insurance in the United States and contents and liability insurance in Europe. Last price $12.03
NYSE: HLX — Helix Energy Systems — www.helixesg.com
Provides specialty services to the offshore energy industry in Gulf Mexico, North Sea, Asia Pacific. Last price $11.22
NASDAQ: MITK — Mitek Systems — www.miteksystems.com
Offers mobile applications/software development toolkits that use intelligent character recognition. Last price $10.70
NASDAQ: MLGO — MicroAlgo — www.viyiic.com Provides central processing algorithm services based on the organic combination of hardware and software. Last price $4.78
NYSE: NRDY — Nerdy — www.nerdy.com Operates curated gig economy and direct-to-consumer platform for learning and the live online instruction. Last price $3.23
NYSE: NOTE — Fiscal Note — www.fiscalnote.com Provides global policy market intelligence and AI technology software for customers in over 45 countries. Last price $2.14
NASDAQ: GFAI — Guardforce AI — www.guardforceai.com
Thailand based internet security solutions co. that offers cash solutions and cash handling services. Last price $4.16
NASDAQ: JTAI — Jet.AI — www.jet.ai
Develops and operates as an aviation and artificial intelligence company. Last price $2.63
NYSE: IDAI — T Stamp — www.truststamp.ai
Develops identity authentication software solutions and offers defense against fraudulent identity attacks. Last price $1.81
NYSE: BBAI — BigBear.ai — www.bigbear.ai
Operates an artificial intelligence and machine learning through end to rend data analysis platform. Last price $1.42
NYSE: ANY — Sphere 3D — www.sphere3d.com
Canadian provider of virtualization technology that enables workload optimized solutions. Last price $1.33
NASDAQ: GVP — GSE Systems — www.gses.com
Provides simulation software and services to the electric utility and chemical industries. Last price $.30
NASDAQ: MCLD — mCloud Technologies — www.mcloudcorp.com
Provides asset management solutions combining internet of things, artificial intelligence and cloud software. Last price $.30
👉 When investing in Artificial Intelligence, it's essential to know that 🤔not all AI companies are made equal. They focus on specific versions of AI and target unique industries. With the AI sector still in its infancy, it can be difficult to find the 💰right publicly-traded stocks to add to your portfolio.
That's why I want to help you! 🤗Here are my top picks for AI stocks to watch in 2024. Please keep in mind that these are stocks I'm actively tracking, but there's no guarantee any of them will provide you with a profitable trading opportunity. 🤞
Keep it profitable and thanks for reading and learning,
ProTrader Mike
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