AI News: Artificial Intelligence Trends And Top AI Stocks To Watch
Find The Best AI Stocks To Buy And Watch
As noted, Nvidia is one company that can lay claim to AI-driven growth. Internet and tech companies buy its processors for cloud computing. Nvidia's AI chips also help guide some self-driving cars in early trials.
Startups are racing to build AI chips for data centers, robotics, smartphones, drones and other devices. The rising AI trend has certainly swept up tech giants like Apple, Alphabet, Microsoft and Facebook parent Meta Platforms (META). They are applying AI software to speech recognition, internet search, image classification and an ever-expanding array of applications. Amazon has already established an integral foothold in AI through cloud-computing services and voice-activated home digital assistants. Just ask Alexa.
Then there are tech companies embedding AI tools in their own products to make them better. Video streamer Netflix (NFLX) and payment processor PayPal (PYPL) fit that bill.
Customers of tech companies are expected to increase spending on AI to get productivity gains or a strategic edge on rivals. Applications span banks and finance, health care, energy, retail, agriculture and other sectors.
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