Best AI Stocks for 2024

when you study grade investors people that consistently succeed in changing Market environments and over multiple Cycles they typically Share three trades number one they're extremely patient which means they don't over trade in markets and they arrive winners for a long time number two they're extremely well informed which means having access to really great analysis and actually using it and number three they somehow managed to catch the wave that is powering each of these multi-year Cycles and in this decade in this cycle we're currently in the wave to be on is undeniably artificial intelligence with a subset focus on semiconductors cyber security and cloud computing and that's exactly what I want to talk about today how to catch and ride this artificial intelligence investment wave let's take a look [Music] alright artificial intelligence not a takeovers by that an investment committee doesn't completely overhaul that strategy when it comes to their allocations based on what's happening in Ai and Company like Nvidia that's been called The Godfather of artificial intelligence this is a stock that now the market cap is over a trillion dollars stock that's trading at 450 a share but it's also a stock that in 2015 eight years ago I was trading at five dollars 2018 was trading at fifty dollars now we're at 450. so you see the the powerful move that we're seeing in artificial intelligence and I've heard this comparison recently AI effectively succeeded where crypto failed when you think about the adoption how we use AI versus how we use crypto right crypto ultimately remained in the hands of a few and you really never saw this huge wide adoption of a daily use when it comes to artificial intelligence you know just look at your cell phone the apps that you're using on a daily basis are all powered by artificial intelligence to a certain extent when you look at companies out there they all trying to figure out or have already implemented their own AI strategy and all you need these days it seems is to mention Artificial Intelligence on an earnings call to get a boost to your share price so the question really is which companies are going to dominate the stock market in this field right which ones are going to be successful and which ones will not now I want to be respectful of everybody's time this video is um inspired by an article that was recently published on the Seeking Alpha platform by Stephen Kress who is the head of Quant strategy for Seeking Alpha now this is a wonderful platform and Stephen in the article discusses a very thoughtful quant-based analysis where he picks the 10 best stocks into the end of 2023 and for 2024. in the space of artificial intelligence so the article is behind a paywall I'm leaving a link below the video in the description to the article and also a second link right below that gives you access to a 50 discount on the membership to Seeking Alpha now they have a seven day free trial so you can easily go sign up uh seven days without any payment cancel your subscription within seven days and not pay your thing so you can easily go read the article cancel your subscription but I do invite you to look around the Seeking Alpha platform is a platform that I use on a daily basis for my own stock analysis they have really powerful tools when it comes to Quant strategy they have wonderful contributors hedge funds buy and sell site analysts that are coming up with really thoughtful content there and it's just a great tool I I kind of call it the Bloomberg for regular investors right Bloomberg is 20 25 000 a year Seeking Alpha is ridiculously cheap given how powerful it is so take a look links are below the video also a link to a 10 12 minute video I did a few months ago that kind of walks you around the whole Seeking Alpha platform shows you how to use it shows you how to use these Quant strategy factors that Steven Kress is basically the guy that designed it all and he is the publisher of this article all right now that being out of the way let's talk about some other companies in this article I mentioned Nvidia earlier The Godfather of artificial intelligence right everybody talks about Nvidia the company market cap is now over a trillion dollars but like I said this is a stock that trading at 450 today was trading just at five dollars eight years ago so you see that huge run up that Nvidia has had and in fact Nvidia isn't part of the 10 favorite stocks in the AI space in this article simply based on the valuation right when you look at the Quant criteria on the seeking of a platform you see there scoring really well on all the criteria except for valuation because obviously Nvidia here is very expensive and so what I like in this article is that it focuses a lot on stocks that didn't become excessively expensive but they still have all this Runway ahead of them in the AI space so I pick my favorite three that I want to talk about here today in the next three minutes or so the first one for me is ON Semiconductor Corporation now this is a company that's obviously benefiting from the huge shortage and cheap Demand right this is a company that is producing Cutting Edge technology in the electrification of vehicles power management and vision based systems they have a huge Runway into 2027 again a lot of content in the article section by the analyst Community but when you look at ON Semiconductor they are a company that obviously had a nice run up in the stock price right they are relatively expensive here but not excessively expensive they're not on the same valuation level that a company like Nvidia is and I think there's still a lot of opportunity for on-semiconductor Corporation ahead now the next two companies uh really offer a great Runway uipath ticker p-a-th this is a company that's a leading enterprise software company that provides a platform for RPA the robotic process automation now the RPA is basically a technology that uses software robots to automate repetitive and rule-based tasks think about data processing invoice processing customer service and many others they are kind of overlooked in the whole AI hype right now when you look at the stock price uh this company was a true darling of 2021 uh shortly after the IPO they traded over 75 dollars Kathy Wood of Arc became a large investor and obviously they suffered in the whole sell-off in the tech space in 2022 early 2023 and they found a bottom here they really started growing into the valuation with that amazing opportunity ahead of them so uipath is company number two and the third company is Sentinel one Sentinel one cyber security like I said in the beginning of this video is a huge topic that will be with us for 10 20 30 years because we all have to protect ourselves online they are completely redefining cyber security through autonomous technology they're offering real-time AI powered Enterprise threat prevention detection and response now this is a very small market cap compared to a leader in the space like crowdstrike right this is only a five billion dollar market cap but they really focus lately on streamlining their cost structure for a much greater profitability so again a tough environment for them in 2022 in the whole sell-off but Sentinel one is going to be one of the leaders in this technology they're very small they have a lot of catalysts for succeeding in 2024 including potentially being acquired so kind of multiple Avenues to benefit here all right so much for a quick overview on some really amazing artificial intelligence stocks with a lot of potential for the years to come these are not quick Investments these are stocks that should be part of the portfolio because they will do really well over the next cycle and we're just in the first or second inning now like I said the links to the article and the 50 discount below the video so take a look take a look around the platform obviously you can sign up on a free trial basis and take a look if this is not for you no big deal and like I always say do your own due diligence don't invest simply because somebody tells you to do so online uh do your own research and Seeking Alpha is a wonderful tool to help you do just that alright thanks for hanging out today and I'll see you soon

Channel: Martin Zeman

Views: 537

Keywords: artificial intelligence courses, best artificial intelligence courses, best AI courses, best AI certifications, how to learn artificial intelligence, AI for dummies, how to get a job in artificial intelligence, artificial intelligence for trading, learn AI, how to invest in AI, how to invest in artificial intelligence, seeking alpha Steven cress, seeking alpha artificial intelligence, seeking alpha platform for investing, how to use seeking alpha, AI stocks to buy in 2024

Id: HyGUOOmnKKM

Length: 8min 29sec (509 seconds)

Published: Wed Sep 20 2023