Artificial Intelligence Stocks: The 10 Best AI Companies

Continuing on this AI-themed weekend, and despite my personal misgivings as a creative soul about the horrors of novels and songs being written by AI, here is the latest and greatest from U.S. News Invested about the best AI stocks.  

MAY 19, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks rise amid hopes for a debt-ceiling deal, and Walmart results give another reason for optimism. Highlights of today's newsletter include our market insights plus these new articles: Artificial Intelligence Stocks: The 10 Best AI Companies 10 of the Best Stocks to Buy for 2023 7 of the Best Gold Stocks to Buy Now 7 Best Marijuana ETFs to Buy in 2023 How to Start Investing What Is Dollar-Cost Averaging? TODAY'S FEATURED STOCK STORY Artificial Intelligence Stocks: The 10 Best AI Companies Virtually every industry could be disrupted by artificial intelligence, automation and robotics. In recent months, the world has gotten a firsthand look at the remarkable advances in AI technology, including expanded public access to OpenAI's DALL-E 2 AI image and art generator and the public launches of OpenAI's ChatGPT chatbot and Google's Bard AI chatbot. Whether it be machine learning, smart applications and appliances, digital assistants, or autonomous vehicles, companies that aren't investing in AI products and services risk becoming obsolete. Here are 10 of the best AI stocks to buy, according to Bank of America: Microsoft Corp. (ticker: MSFT). Software giant Microsoft invested $1 billion in OpenAI in 2019 as part of a partnership that made Microsoft Azure OpenAI's exclusive cloud provider, and it announced a new multiyear, multibillion-dollar investment in OpenAI in January 2023. Analyst Brad Sills says Microsoft is looking to reinvent its Bing search engine by integrating ChatGPT and its own Prometheus AI model. Sills says Bing is unlikely to gain meaningful market share from Google, but Microsoft is staying ahead of the curve in AI-enabled enterprise services. Bank of America has a "buy" rating and $340 price target for MSFT stock, which closed at $314 on May 17. Alphabet Inc. (GOOG, GOOGL). Google and YouTube parent company Alphabet uses AI and automation in virtually every facet of its business, from ad pricing to content promotion to Gmail spam filters. Google launched its Bard AI chatbot in March, and Post says AI could help expand the internet search use case, creating opportunities for improved advertising relevance and performance. Bank of America has a "buy" rating and $128 price target for GOOGL stock, which closed at $120.84 on May 17. Click here to continue reading. STOCKIMPLIED UPSIDE OVER MAY 17 CLOSING PRICE Microsoft Corp. (ticker: MSFT)8.3% Alphabet Inc. (GOOG, GOOGL)5.9% Nvidia Corp. (NVDA)12.7% Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)32% Meta Platforms Inc. (META)23.7% ASML Holding NV (ASML)24.8% SAP SE (SAP)10.1% RELX PLC (RELX)15.1% Baidu Inc. (BIDU)79.3% Arista Networks Inc. (ANET)25.2%