Top 10 AI Stocks to Buy According to Argus Research
Artificial intelligence, automation, and robotics are revolutionizing industries across the globe, with remarkable advances in AI technology being showcased by companies like OpenAI, GitHub, and Google. From AI chatbots to code generation software, the potential for AI to transform businesses is immense.
Companies that fail to invest in AI products and services risk falling behind in today’s rapidly evolving landscape. However, for those looking to capitalize on the AI boom, there are several stocks that stand out as top picks according to Argus Research.
Microsoft Corp. (MSFT) leads the pack with a 14.3% implied upside from its March 1 close. With significant investments in AI technology and the integration of ChatGPT and Microsoft Copilot, Microsoft is positioning itself as a leader in the AI space.
Nvidia Corp. (NVDA) follows closely behind with a 3.3% implied upside. As a key player in providing processing power for advanced AI applications, Nvidia has seen impressive revenue and net income growth driven by the demand for its high-end AI chips.
Alphabet Inc. (GOOG, GOOGL) boasts a 24.0% implied upside, with AI and automation integrated into every aspect of its business. Despite recent setbacks, Google remains a top competitor in generative AI development.
Other notable AI stocks on Argus Research’s list include Amazon.com Inc. (AMZN), Meta Platforms Inc. (META), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), Adobe Inc. (ADBE), ASML Holding NV (ASML), International Business Machines Corp. (IBM), and Arista Networks Inc. (ANET).
From social media giants to semiconductor manufacturers, these companies are at the forefront of the AI revolution and are well-positioned to benefit from the continued growth of AI technology. Investors looking to capitalize on the AI boom may want to consider adding these stocks to their portfolios.
