10 Best Artificial Intelligence Stocks to Watch in 2023

Artificial intelligence (AI) is already powering many of our favorite products, from Amazon Echo to Google Home. But as AI becomes more prominent in our lives and businesses, it’s a great time for investors to get involved. In this post, we’ll highlight 10 stocks with promising artificial intelligence opportunities that you can buy now with a little bit of patience.

Xilinx (XLNX)

Xilinx (XLNX) is a global leader in programmable logic devices. The company’s chips are used by engineers and scientists to accelerate the development of artificial intelligence (AI).

Xilinx products include FPGAs, SoCs, and software tools that help engineers create high-performance systems for everything from industrial automation to machine learning applications.

The latest version of Xilinx’s Versal AI core family enables new levels of performance on advanced AI workloads like Siri, Alexa or Google Assistant voice recognition processing with one chip instead of multiple processors required today.

One share of XLNX stock can currently be purchased for approximately $194.92.

NVIDIA (NVDA)

NVIDIA (NVDA) is a global leader in artificial intelligence, accelerated computing, and autonomous machines. NVIDIA GPUs power more than 100 billion AI-enabled devices and are used to train the world’s largest supercomputers. In addition, NVIDIA is developing self-driving cars that can navigate city streets without human intervention; it has also developed deep learning technologies that enable computers to recognize images or sounds within seconds rather than minutes or hours like humans do.

NVIDIA’s data center business became the world’s largest AI supercomputer for enterprise customers when it announced plans to build an HPC system powered by NVIDIA GPUs for Tel Aviv University as well as other academic institutions around the world. This new generation of cloud computing infrastructure could change how we think about workloads being processed using traditional CPUs and storage systems because it will be able to handle larger amounts of data at faster speeds with less power consumption compared with traditional hardware solutions currently available today.

One share of NVDA stock can currently be purchased for approximately $148.59.

Square (SQ)

Square is an American financial services and payment processing company headquartered in San Francisco, California. The company’s first product, Square Reader, was a credit card reader that plugged into the headphone jack of an iPhone or iPad. It has since expanded to include point-of-sale devices such as the cash drawer that accept checks and coins at brick-and-mortar retailers, along with mobile apps for both Android and iOS devices.

Square has been expanding rapidly since its founding in 2010. In 2017 alone they acquired hundreds of new employees including some high-profile hires like Instagram’s former chief technology officer Josh Miller who joined as CTO on October 15th, 2017 (he was previously at Twitter).

One share of SQ stock can currently be purchased for approximately $68.99.

Workhorse Group (WKHS)

Workhorse Group (WKHS) is a manufacturer of electric vans and trucks. It’s one of the biggest companies in its field, with sales last year topping $8 billion.

Workhorse has been around since 2006, but it only started trading on the NYSE in 2015. The company’s market cap is currently sitting at $1.6 billion and its P/E ratio is 1,853.3 — both are relatively high compared to other automakers that produce comparable products like Tesla or General Motors (NYSE: GM). More importantly, these numbers tell us how much investors think they can sell their shares for when the time comes: $40 per share equates to over 50% upside potential!

One share of WKHS stock can currently be purchased for approximately $1.60.

Intuitive Surgical (ISRG)

Intuitive Surgical (ISRG) is a medical device company that designs and manufactures robotic surgical systems for minimally invasive surgery. The company’s da Vinci surgical system is used to perform various surgeries, including gynecologic, urologic, general and cardiac procedures. The stock has performed well over the past year and is up 70% so far this week.

Intuitive Surgical has a market capitalization of $95.55 billion as of January 2023 according to CompaniesMarketCap.

One share of Intuitive Surgical (ISRG) stock can currently be purchased for approximately $270.39.

Amazon.com (AMZN)

Amazon is the world’s largest online retailer, and its AI platform is one of the most popular in the world. The company has been investing in AI for years, and it currently has over 150 projects focused on machine learning and natural language processing (NLP).

The company is also expanding its presence outside of retailing — it recently announced plans to open an office in China that will work with Chinese businesses like Alibaba Group Holding Ltd., JD.com Inc., Xiaomi Corp., Baidu Inc., iQiyi Inc., Toutiao Technology Co Ltd., Youku Tudou Incorporated and Tencent Holdings Ltd.

One share of AMZN stock can currently be purchased for approximately $86.08.

Plug Power (PLUG)

The company has been around since 1997, and it’s headquartered in Latham, NY. It manufactures hydrogen fuel cells for use in forklifts, tow tractors, and other industrial vehicles. Its products are used by Fortune 500 companies to power their fleets of delivery trucks and other vehicles across the globe.

The company aims to produce more than half of its hydrogen energy from entirely renewable sources by 2024. It also aims to branch out from forklifts to heavy-duty vehicles to serve ports in the U.S. and Europe, as well as stationary fuel cells to power data centers and distribution hubs.

Currently, Plug Power has five pedestal customers: Amazon, HomeDepot, Walmart, Stellantis, and Mercedes.

One share of PLUG stock can currently be purchased for approximately $13.41.

Apple (AAPL)

Apple is a technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company’s products include the iPhone smartphone line, the iPad tablet computer line, Mac personal computers sold by Apple Inc., iPod MP3 players, iTunes music software, Apple Watch smartwatches sold by Apple Inc. (AAPL), AirPods wireless headphones developed by Beats Electronics LLC, Beats Pill+ portable speaker system developed by Beats Electronics LLC, and Beats Solo3 Wireless Headphones developed by Beats Electronics LLC.

Apple leads the world in innovation with its iPhone line of products including the highest quality camera on any phone in its class with 12 megapixels per pixel resolution along with optical image stabilization technology called OIS which helps reduce blur from handshakes when capturing photos or videos which makes it perfect for people who want high-quality photos every time they use their iPhone to capture moments.

Apple is likely to have a tie-up with Hyundai to produce autonomous cars by 2024 and launch them in the market by 2030. These autonomous cars are expected to be electric cars operating on battery sources, and might even go solar in their energy consumption. Apple Cars look promising and support Apple’s vision of going Carbon Neutral by 2030. The car also claims to feature the infamous LiDAR scanners.

One share of AAPL stock can currently be purchased for approximately $129.62.

Alphabet (GOOGL)

Alphabet (GOOGL) is a holding company that owns a number of subsidiaries, including Google and Waymo. Its parent company, Google is one of the largest technology companies in the world with a market capitalization of over $1.15 trillion.

In the second quarter of 2022, Alphabet’s revenue amounted to over 69.6 billion U.S. dollars, up from 61.8 billion U.S. dollars during the same quarter a year before. The company’s main revenue source is advertising through Google sites and online products.

The stock price for GOOGL stands at around $87.34 as we enter 2023 — meaning it’s likely to rise further if you’re looking forward to investing in artificial intelligence stocks today or tomorrow!

Microsoft (MSFT)

Microsoft is a global software leader. In fact, it’s one of the largest companies in the world by revenue, with over $198 billion in annual revenue and more than 100,000 employees worldwide. Its AI business is growing as well. Its cloud computing service Azure provides more than 200 services. It is divided into 18 categories that include computing, networking, storage, IoT, migration, mobile, analytics, containers, artificial intelligence, and other machine learning, integration, management tools, developer tools, security, databases, DevOps, media identity, and web services.

Azure makes Microsoft an attractive investment opportunity for investors looking to invest in artificial intelligence technologies while they are still young but have the potential to grow exponentially over time.

One share of MSFT stock can currently be purchased for approximately $227.87.

Conclusion

We’ve covered some of the best artificial intelligence stocks to watch in 2023. While these are all great companies, there are many different ways to invest in AI and it’s important for investors to understand how their investments will affect the overall market.

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