Stocks

3 Smaller AI Stocks Poised for Potential Exponential Growth

Published December 18, 2023

Investors looking to potentially expand their portfolios with high-growth opportunities might find the burgeoning artificial intelligence sector appealing. Amidst a myriad of larger players, there are smaller companies with the potential to offer significant returns. This article shines a spotlight on three such AI-related stocks that could become millionaire-makers if their growth trajectories continue upward.

UiPath Inc. PATH

UiPath Inc. operates at the forefront of robotic process automation (RPA), providing an end-to-end automation platform with solutions that are in demand in the United States, Romania, and Japan. RPA technology streamlines processes by automating routine tasks, which is crucial for businesses looking to enhance efficiency and reduce costs. With its headquarters in New York, New York, PATH is well-positioned to capitalize on the growing need for automation across various industries.

Upstart Holdings, Inc. UPST

At the core of consumer credit markets is Upstart Holdings, Inc., which leverages cloud-based artificial intelligence to revolutionize the lending process. Based in San Mateo, California, UPST aims to improve the accuracy of credit risk assessment while simplifying the loan application process, making it faster and more user-friendly. This innovative approach to lending could disrupt traditional bank loan systems and has the potential to scale rapidly as it gains acceptance.

Super Micro Computer, Inc. SMCI

Super Micro Computer, Inc. is an emerging powerhouse in providing high-performance server and storage solutions. The company's open, modular architecture allows for a range of customizations, catering to specific needs within data centers. Headquartered in San Jose, California, SMCI is strategically located in the heart of Silicon Valley, suggesting its potential to remain on the cutting edge of server and storage technology.

Fair Isaac Corporation FICO

Known primarily for its credit scoring system, Fair Isaac Corporation extends far beyond with a suite of data management, software, and analytics products and services. The widespread use of FICO scores for credit assessments makes the company a familiar name, but its role in AI and decisioning technology is what positions FICO for growth. With a broad global footprint and a diversification of analytical services, FICO, also based in San Jose, California, could be a strong contender for exponential growth in the AI space.

investment, AI, growth