Stocks

Harnessing AI's Proliferation: Key Stocks to Own Amidst Technological Revolution

Published December 4, 2023

The surge of artificial intelligence (AI) in modern technology is undeniable—transforming the gadgets and devices integral to our daily lives. The ongoing innovation wave is largely attributed to pioneering efforts by certain trailblazing companies. Today, the smartest investors are eyeing stocks that have a significant stake in this AI-powered renaissance. In order to effectively tap into the potential of this burgeoning sector, three standout stocks are key: Broadcom Inc. AVGO, Qualcomm QCOM, and CrowdStrike Holdings, Inc. CRWD.

Broadcom Inc. AVGO: A Semiconductor Powerhouse

Broadcom Inc. is a powerhouse purveyor of semiconductor solutions, whose extensive product line is integral to a variety of industries, including data centers, networking, storage, and more. By offering innovative and versatile technologies, AVGO plays a pivotal role in enabling AI capabilities across a broad spectrum of devices—ranging from industrial applications to personal consumer goods. As AI continues to demand more advanced semiconductor technology, AVGO stands to benefit from the industry's expansion.

CrowdStrike Holdings, Inc. CRWD: Protecting the Future of AI

In an IoT and AI-driven world, security is paramount. CrowdStrike Holdings, Inc. offers robust cloud solutions for endpoint and cloud workload protection. Headquartered in Sunnyvale, California, CRWD has established a strong reputation for safeguarding digital assets in the age of connected devices. Their proactive approach to cybersecurity places them in a pivotal position within the AI ecosystem, particularly as the deployment of AI systems escalates the need for advanced threat intelligence and protection services.

Qualcomm QCOM: The Wireless Innovator

Qualcomm's imprint on the telecommunications scene can hardly be overstated. An American multinational corporation, it has been a forerunner in the development of wireless technology and related services. With patents crucial to mobile communications standards including 5G and 4G, QCOM is positioned at the forefront of technologies that power AI devices. The company's leading role in defining wireless communications primes it for significant growth alongside the proliferation of AI.

AI, Investment, Technology