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3 stocks that follow AI trends

Do Kwik
13. 1. 2024
3 min read

Artificial intelligence is dominating the business world, and investors are looking for key stocks to succeed in this fast-growing sector. Here are three companies that are excelling in AI and offer exciting potential for the future.

AI is currently attracting the interest and attention of many investors, and it's no wonder. With the rapid growth of this sector, new opportunities are emerging for investors looking for long-term success. These are three companies that could play a key role in an AI-powered future.

Taiwan Semiconductor $TSM-0.9%

Taiwan Semiconductor Manufacturing Company, the world's largest microchip maker with a market capitalization of nearly $500 billion and a commitment to doubling production capacity for AI-enabled chips. Taiwan Semiconductor is clearly demonstrating that it is not only at the forefront of innovation, but also actively involved in shaping the future of the technology industry. Announced plans to expand production capacity in the coming years indicate that TSM has firmly set its sights on becoming a key player in the AI-driven industry.

However, with the recent drop in sales for December, which the company subsequently describes as a temporary challenge, it shows an ability to adapt quickly. This makes the company not only a symbol of technological excellence, but also a pioneer that is actively engaged in shaping a new era of microchip technology.

With a full commitment to technological advancement and rapid response to market dynamics, the company is on its way to becoming an important company in an industry where innovation and artificial intelligence are setting the rules of the game.

TSM

TSMC

TSM
$127.38 -$1.21 -0.94%
1 Day
+0.01%
5 Days
+1.53%
1 Month
+13.09%
6 Months
+36.99%
YTD
+27.12%
1 Year
+43.28%
5 Years
+226.1%
Max.
+1,942.25%

Applied Materials $AMAT-2.6%

Applied Materials is positioning itself as one of the top semiconductor equipment companies in 2024. The company is considered one of the leading and strongest in the industry , according to analysis from Citigroup. Despite the recent drop in its stock price in early 2024, Applied Materials still enjoys optimistic forecasts from analysts who expect it to continue to benefit from strong demand for artificial intelligence.

Despite a transitional period that saw $AMAT-2.6% stock fall 7%, the semiconductor sector is evolving rapidly. The company continues to post strong financial results despite the US Department of Justice investigation into sales to China. Q3 2023 results exceeded expectations, confirming the company's resilience in challenging times.

With growing demand for AI technologies and a determination to overcome obstacles, AMAT is becoming an important player in the semiconductor device industry.

AMAT
$197.54 -$5.32 -2.62%
1 Day
-0.03%
5 Days
-1.13%
1 Month
+19.56%
6 Months
+34.95%
YTD
+29.38%
1 Year
+76.89%
5 Years
+403.61%
Max.
+209,072.03%

Alphabet $GOOGL-1.8%

Alphabet continues to play a significant role in shaping the future of AI and technology innovation. With the introduction of its latest AI model, "Gemini," the company reaffirms its commitment to bringing revolutionary products to consumers and businesses. As the largest and most sophisticated model, Gemini represents a new era in AI and indicates that Alphabet is not only following trends, but actively shaping them.

The company is not forgetting to monetize its innovative technologies. The integration of AI into a wide range of products, from email services to smart devices, demonstrates the company's strategic plan to diversify its revenue. With the stock having appreciated 60% in the past 12 months, the company is not only showing technological dominance, but also becoming a pioneer in the commercial use of AI.

In doing so, the company is cementing its role in the technology industry and becoming a key company in shaping the future of AI, combining innovation with a successful commercial strategy.

GOOGL
$136.38 -$2.50 -1.80%
1 Day
-0.02%
5 Days
+0.77%
1 Month
-2.01%
6 Months
+8.85%
YTD
+4.28%
1 Year
+58.53%
5 Years
+157.9%
Max.
+5,640.64%

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always conduct thorough self-analysis.

Source.

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