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Artificial Intelligence (AI) is one of the most fascinating and rapidly growing topics in technology. From healthcare to finance, technology has the ability to change industries. AI is the use of computer algorithms and machine learning to replicate human intelligence. This allows machines to perform tasks that previously required human intervention. This technology has the ability to completely transform the world. Businesses around the world are investing heavily in AI research and development to stay competitive in areas ranging from product creation to customer service.
Buying AI stocks can provide investors with an effective strategy to gain exposure to this booming industry. AI companies can offer prospects for capital appreciation and growth. This is because companies that innovate and successfully bring new items to market can see huge increases in the value of their inventory.
Here are the top three AI stocks to buy in the sotck exchange right away.
NVIDIA
NVIDIA (NASDAQ: NVDA) is a leading manufacturer of graphics processing units (GPUs). They are used in a variety of applications, such as games, data centers and self-driving automobiles. Additionally, the company has made significant investments in AI research and development, and its GPUs are widely used for deep learning and other AI applications.
NVIDIA announced in March that Google Cloud would integrate its new L4 Tensor Core GPU and Vertex AI to help companies accelerate their development on generative AI applications. Google Cloud will be the first to offer the L4 Tensor Core GPU, which will also be available with enhanced Vertex AI support. The L4 GPU is intended to be a universal GPU for all workloads, with advanced AI video capabilities that can deliver much better AI-powered video performance than CPUs while consuming 99% less power.
NVDA shares are up 90% since the start of 2023.
Microsoft
Microsoft (NASDAQ: MSFT) is a technology company that manufactures a variety of products. For example, software, hardware and cloud services. The company has made significant investments in the research and development of artificial intelligence, with a particular focus on the creation of natural language processing and computer vision technologies.
Microsoft is integrating ChatGPT into its tools and products with the aim of revolutionizing human-computer interactions through the use of natural language AI.
Sandra E. Peterson, operating partner at Clayton, Dubilier & Rice, was named independent lead director by Microsoft last month, succeeding John W. Thompson, who had held the position since 2012. Additionally, Microsoft’s board of directors declared a quarterly dividend of $0.68 per share, payable June 8, 2023 to shareholders of record May 18, 2023.
Since the start of the year, Microsoft shares have risen 18%.
Alphabet
Alphabet (NASDAQ: GOOGL) is the parent company of Google, one of the largest and most influential in the world technology companies. Although Google is best known for its search engine and ad networks, the company has also invested heavily in AI research and development. This includes creating its own AI hardware and software platforms.
Alphabet released its latest financial figures for the fourth quarter of 2022 in February. The company reported earnings of $1.05 per share and revenue of $76.0 billion in the report. That compares with Wall Street expectations for the quarter, which called for earnings of $1.14 per share and revenue of $76.6 billion.
So far in 2023, Alphabet stock has gained 18% year-to-date.
