These 2 AI Stocks Are Heating Up

AI Takes Over the Stock Market

Artificial intelligence (AI) has already changed the way we live, work, and communicate. And now, it's taking over the stock market. AI has been identified as a game-changing technology with the potential to revolutionize trading algorithms, investment strategies, and portfolio management.

AI-powered systems can analyze vast amounts of data to identify patterns and trends that humans may miss. This can lead to more accurate predictions and better returns for investors. As more companies adopt AI technology, the market is beginning to heat up with promising opportunities for investors.

2 AI Stocks to Watch

Here are two AI stocks that are heating up and worth watching:

1. Alphabet (NASDAQ: GOOGL)

   Alphabet, the parent company of Google, has been investing heavily in AI technology. In fact, Google is considered a leader in the field of AI, with applications ranging from natural language processing to image recognition. Alphabet has also been acquiring smaller AI start-ups, such as DeepMind and Kaggle, to bolster its capabilities.

   Alphabet's stock has been performing well, with a 52-week high of $2,431.38 and a current stock price of $2,285.29. With Google's dominance in the search and advertising markets, as well as its innovative AI applications, Alphabet is a strong contender for investors looking to capitalize on the rise of AI.

2. NVIDIA (NASDAQ: NVDA)

   NVIDIA is a chipmaker that has become a key player in the AI market. Its graphics processing units (GPUs) are used to accelerate the training of deep learning models, which is a critical component of AI development. NVIDIA has also been investing in other AI-related technologies, such as autonomous driving and robotics.

   NVIDIA's stock has been on a steady climb, with a 52-week high of $824.01 and a current stock price of $788.06. As the demand for AI continues to grow, NVIDIA is well-positioned to benefit from the increasing need for powerful hardware to support AI applications.

Conclusion

Investing in AI stocks can be a smart move for investors looking to capitalize on the rise of this game-changing technology. Alphabet and NVIDIA are two companies that are leading the charge in AI, with promising growth potential and strong track records.

As with any investment, it's important to do your research and carefully consider your options. Keep an eye on emerging AI startups and other established tech companies that are investing in AI. With the potential to revolutionize industries and transform the way we live, AI is a trend that's worth watching in the stock market.

• Reference URLs: https://www.fool.com/stock-market-news/is-artificial-intelligence-taking-over-the-stock-mark/ https://www.fool.com/investing/2021/07/27/2-ai-stocks-that-are-heating-up/
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