April 28, 2024

News and Political Commentary

3 Top Artificial Intelligence Stocks to Buy Right Now

2 min read

On Feb. 9, the S&P 500 closed above 5,000 for the first time ever. Optimism around artificial intelligence (AI) has been a significant catalyst, with stocks like Nvidia leading the market higher. But Nvidia isn’t your only option. Here are three other AI stocks worth considering right now.

1. Microsoft

My first pick is the largest company in the world by market cap: Microsoft (NASDAQ: MSFT).

What makes Microsoft stand out in the AI crowd right now is how quickly the company is bringing AI advancements to market. Thanks to its long-standing partnership with OpenAI, the company integrated ChatGPT features into its Bing search engine and Edge internet browser more than a year ago.

And while some people might dismiss the company’s search and related ad business, that’s a mistake, because by any normal business measure, Microsoft’s search business is enormous.

For example, in its latest quarter (the three months ending Dec. 31), Microsoft generated $3.2 billion from search and its news feed’s advertising business. That’s about the same as the quarterly revenue of Domino’s Pizza, Pinterest, CrowdStrike Holdings (NASDAQ: CRWD), and DraftKings combined.

And search is just one area where Microsoft is incorporating new AI features. The company has also debuted its new AI-powered Copilot “everyday AI companion.” By purchasing a subscription, users can access generative AI features to help improve and streamline tasks like summarizing and replying to email and building charts and graphs.

In short, Microsoft is probably doing more than any other company to bring AI to the public, creating yet another competitive advantage for the world’s most valuable company.

2. CrowdStrike Holdings

Next up is CrowdStrike Holdings, the company behind one of the most popular AI-powered cybersecurity platforms.

CrowdStrike’s signature offering is the Falcon platform, a scalable, dynamic endpoint security solution. Organizations can purchase multiple security modules depending on their needs and…



2024-02-17 13:17:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.