Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
Artificial intelligence stocks are rarer than you might think. Many companies tout AI technology initiatives and machine learning. But there really are few — if any — public, pure-play artificial intelligence stocks.
- REINHARDT KRAUSE
- 10:00 AM ET 07/14/2020
It's no secret that Alphabet, Microsoft, Facebook (FB) and Amazon.com (AMZN) are all spending big bucks on AI technology. The tech giants are putting AI in consumer products and services, such as voice-activated smart home devices. Google and Facebook use AI tools in digital advertising.
Amazon uses AI to customize online retail offerings and recommend products to website visitors. Facebook uses AI to enhance its activity feed, photo and social media apps.
Meanwhile, Netflix utilizes AI to personalize its internet TV content for subscribers. Netflix stock also is on the Leaderboard.
Amazon, Google and Microsoft also are pushing AI technology into cloud computing. They sell AI analytical services to business customers on a pay-as-you-go basis.
Omdia forecasts that annual AI software revenue will increase from $9.7 billion worldwide in 2018 to $119.3 billion in 2025.
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