10 amazing artificial intelligence (AI) stocks you should consider

10 amazing artificial intelligence (AI) stocks you should consider

Let’s talk about AI — not the science fiction kind, but real AI that’s powering some of the most exciting companies on the stock market today.

In this list, I’ll highlight a mix of familiar faces and some you might not expect, either leading the AI ​​conversation or simply making great use of AI tools. From self-driving cars to smarter streaming, let’s find out how these companies are using AI to not only keep up with the competitive business world but also stand out.

a company industry Performance in 2023 Market value
Standard & Poor’s 500 (SNPINDEX: ^GSPC) Market index (for your reference) 14% Total $42.3 trillion
year (NASDAQ:ROKU) Media streaming platforms 135% $13.6 billion
Fiver International (NYSE: FFR) Independent services market (21%) $0.9 billion
Sufi (Nasdaq: SOFI) Financial services 49% $6.6 billion
Walgreens Shoe Alliance (Nasdaq: WBA) Retail pharmacy (44%) $18.0 billion
Netflix (Nasdaq: NFLX) Media streaming services 63% $210.0 billion
Tesla (NASDAQ: Tesla) Electric cars and energy 91% $747.9 billion
John Deere (NYSE: DE) Agricultural equipment (14%) $106.5 billion
C. B. Morgan Chase (NYSE: JPM) Banking and financial services 15% $445.6 billion
coca cola (NYSE: KO) Drinks (8%) $253.1 billion
Nike (NYSE: NE) Sportswear (8%) $164.1 billion

Data collected from Finviz.com on November 24, 2023.

Roku: AI-powered content search and advertising

The streaming technology expert uses machine learning to suggest what each user might want to watch next. The company is also working to increase sales and placement of advertising using AI tools, starting with the acquisition of dataxu in 2019.

Fiverr: Using and reselling AI services

Many investors see generative AI as a threat to Fiverr’s business model, where anyone can create AI-generated text, images, and even music. However, getting good results from generative AI requires giving the AI ​​system great instructions and sifting out the best results from a large pool of uninspiring or factually incorrect results. So Fiverr helps freelancers find new work in this booming industry, and the company uses artificial intelligence to boost its productivity.

“Because of new technologies, because of artificial intelligence, our team has become much more effective,” Fiverr CEO Micah Kaufman said at a recent industry conference. “I’ve told my R&D team that I expect them to produce 30% more code this year already.”

SoFi: Pioneering AI in Finance

Like most banks today, SoFi relies on cutting-edge AI analysis in several ways. From fraud detection and automated financial advisors to customer service chatbots and instant loan approvals, SoFi does it all. Its mobile app for financial services for consumers includes the Konecta digital assistant. This chatbot was developed by Galileo Financial Technologies, which SoFi acquired in 2020. Like Roku, SoFi took action on the upcoming AI opportunity long before it arose.

Walgreens: The role of artificial intelligence in modern retail

The convenience store and pharmacy operator encounters millions of customers daily across a massive store network, generating a lot of valuable transactions and customer information. The company began applying machine learning analysis to this intellectual treasure trove in 2017 to create personalized marketing messages in each store’s hyper-local market. Now, the company uses demand forecasting tools from Zebra Technologies (Collecting 1.35%) To further fine-tune its messages.

“Before the advent of AI, planning demand around a single SKU may have been as simple as pulling three internal/external variables,” according to a case study from Zebra. “Today, it can take into account 50 or more — an enormous task for any human analyst to sift through on the scale of Walgreens.”

Netflix: Hollywood or Silicon Valley?

Netflix has always had a strong technical foundation. Reed Hastings, co-founder and longtime CEO, began his career debugging software and analyzing data, and the lessons learned there have always informed his management of the media streaming giant. The company once ran a $1 million developer competition to come up with a better content recommendation engine. The winning results were never used directly, but the contest spawned entirely new approaches to artificial intelligence And Provided game-changing insights into binge-watching. And if you want to learn something you didn’t know about AI technology, Netflix’s publicly available tech blog provides hours of cutting-edge fun. In short, artificial intelligence is in this innovator’s DNA.

Tesla: At the intersection of artificial intelligence and electric vehicles

Self-driving cars embody the idea of ​​artificial intelligence. When your car can get from point A to point B faster and safer than any human driver, avoiding all the potential challenges and traffic conditions along the way, that will be a huge win for machine learning. Tesla has not reached this stage yet, but its self-driving platform is becoming more advanced by the day. Furthermore, the company is working on humanoid robots, semiconductors for AI analysis, and a supercomputer for AI training called Dojo.

John Deere: Planting the seeds of agricultural AI

Now I’m really in left field. Artificial intelligence and agriculture go together like lamb and tuna, right? Well, John Deere disagrees. The agricultural equipment veteran has developed fully automated tractors, combine harvesters and more. Self-driving isn’t limited to highways and back roads anymore. Fully self-driving equipment isn’t available on the open market yet, but John Deere is taking this AI-driven opportunity seriously.

JP Morgan: Financial AI on a global scale

Like SoFi, JPMorgan includes AI tools behind the scenes in several ways. Its massive size and incredibly deep pockets give this megabank the freedom to lead research into many of today’s potentially game-changing financial technologies. Current projects include synthetic datasets to test the resilience of real-world banking systems, advanced safeguards for financial crimes, and AI-powered cryptographic solutions. “AI and the raw material that fuels it, data, will be critical to our company’s future success — and the importance of implementing new technologies cannot be overstated,” CEO Jamie Dimon said in the company’s latest annual report.

Coca-Cola: Refreshing Marketing and Automated Distribution

The impact of artificial intelligence extends beyond technology companies, reshaping traditional industries such as Coca-Cola. Their AI-powered “Create Real Magic” marketing campaign embodies a shift towards personal consumer interaction, inviting everyone to tell the Coca-Cola story using AI-powered tools. Beyond sales and marketing, Coca-Cola is also leveraging AI to drive internal efficiencies in data management and supply chain. This AI integration benefits not only Coca-Cola but partners as well Monster drink (MNST -0.09%)and improving packaging and distribution across the global system.

Nike: Making AI Leap Forward

Finally, shoe and apparel giant Nike is no stranger to high-tech innovations. The company bought data analytics expert Zodiac in 2018, with the aim of improving its relationships with customers. To find the best fit for your feet, Nike offers an augmented reality app with machine learning intelligence. Partnership with technology consulting giant Aware (CTSH 0.41%) It will bring “hyper-automation, artificial intelligence and process re-engineering” to the shoe giant’s global operations.

This quick trip across many sectors reveals the transformative impact of AI, not as a future possibility but as a current reality. Investors should consider how artificial intelligence may be a game-changer in almost every corner of Wall Street. The future of AI is full of possibilities, waiting to be discovered by those with a keen eye for the evolving role of technology.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Anders Bylund holds positions at Fiverr International, Netflix, and Roku. The Motley Fool has positions in and recommends Fiverr International, JPMorgan Chase, Monster Beverage, Netflix, Nike, Roku, Tesla, and Zebra Technologies. The Motley Fool recommends Cognizant Technology Solutions and Deere and recommends the following options: long $47.50 January 2024 calls on Coca-Cola and long $47.50 January 2025 calls on Nike. The Motley Fool has a disclosure policy.

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