The 7 Top Artificial Intelligence (AI) Stocks to Buy for 2024

This article explores how seven companies are using artificial intelligence (AI) to improve their products and services. Learn how AI is transforming industries and shaping the future of technology.


Artificial intelligence (AI) is rapidly transforming many industries, and several companies are at the forefront of this technological revolution. This article tells you about seven such companies, from chipmakers like Nvidia to social media giants like Meta Platforms, AI is making its mark in various sectors, shaping the future of technology and its applications.

1. Nvidia


Nvidia is a company that designs and sells specialized computer parts called graphics processing units (GPUs). These powerful chips are used in many different applications, including:

  • Video games: GPUs create the detailed graphics you see in modern games.
  • Data centers: GPUs are used to speed up complex calculations, which is helpful for tasks like scientific research and artificial intelligence.

Nvidia is a leader in the GPU market, and its products are used by many of the biggest companies in the world. The company is also investing in new areas, such as artificial intelligence software and cloud computing services. This is helping Nvidia to grow and expand its reach in the tech industry.

2. Palantir

Founded in 2003, Palantir specializes in software that helps organizations gather and analyze data. This data can then be used to create simulations and suggest the best courses of action. The company has been successful in the government sector, working with agencies within the U.S. Department of Defense.

More recently, Palantir has been expanding into the private sector with its Artificial Intelligence Platform (AIP), launched in May 2023. This platform helps organizations use data to make better decisions. By November 2023, nearly 300 organizations were using AIP.

The company’s stock price has risen significantly over the past year, but it remains lower than its all-time high. Some investors believe that Palantir has the potential for future growth.

3. Microsoft


Microsoft is a major tech company that is using advanced computer programs called artificial intelligence (AI) to improve its products and services. This is most evident in their Azure cloud computing business, where the demand for cloud services is growing as developers create and expand AI applications.

AI is expected to play a significant role in the future of many of Microsoft’s products, including operating systems, productivity software, search engines, and video games. The vast amount of data collected through their various offerings provides them with valuable information that can be used to build and enhance AI systems. This combination of a wide range of products and services, along with its technological resources, positions Microsoft as a leader in the field of AI software.

4. Amazon

Amazon is a large company with two main businesses: selling products online and providing cloud computing services. Their cloud computing business, called Amazon Web Services (AWS), is currently very profitable. As the demand for tools used to build artificial intelligence (AI) applications grows, AWS is expected to see even faster growth.

AI is also expected to improve Amazon’s online retail business. For example, AI could be used to automate tasks in factories or help with delivery. This could lead to increased profits for the retail business. If that happens, the overall value of Amazon’s stock could increase significantly.

5. Alphabet


Alphabet, the company behind Google and other products, is a major player in the field of artificial intelligence (AI). They have several advantages that position them well for continued growth in this area.

1. Many different products

Alphabet has a wide range of products and services, from search engines and mobile operating systems to cloud computing and video streaming. This gives them many opportunities to apply and develop AI technology.

2. Large amounts of data

Alphabet collects a lot of data through its various products and services. This data can be used to train and improve AI systems.

3. Reasonable stock price

Compared to some other AI companies, Alphabet’s stock price is not as expensive. This could make it a more attractive option for investors.

Overall, Alphabet’s diverse range of products, access to data, and reasonable stock price make it a company to watch in the world of AI.

6. CrowdStrike


CrowdStrike is a company that develops security software to protect computers and networks from cyberattacks. They use advanced technologies to help businesses and organizations prevent breaches and keep their data safe.

Cybersecurity is an important issue, and it is becoming increasingly important as more and more things are connected to the internet. CrowdStrike is a leader in this field, and they are using innovative technologies to stay ahead of the curve.

7. Meta Platforms

Meta Platforms, the company that owns Facebook, Instagram, and other social media platforms, is using artificial intelligence (AI) to improve its products and services. This has helped the company to grow its revenue and earnings.

AI is used to personalize content feeds and target ads. This means that users see content that is more relevant to them, and businesses can reach their target audience more effectively.

AI is also used to improve efficiency. This can help the company to save money and operate more smoothly.

Meta Platforms have a large user base and access to a lot of data, which gives them a significant advantage in the field of AI. The company is still in the early stages of using AI, but they have the potential to make significant progress in the future.

Bottom Line

Artificial intelligence (AI) is being used by many companies in different ways. This article described seven companies using AI. AI is having a big impact on many industries and is likely to continue to do so in the future.

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