Stocks

3 Artificial Intelligence (AI) Powerhouses to Invest in This January

Published January 2, 2024

As artificial intelligence (AI) continues to advance and permeate various sectors of the economy, certain companies stand out with pronounced potential in this cutting-edge field. Heading into January, investors are honing in on stocks that capitalize on the AI revolution. Three companies in particular, Advanced Micro Devices, Inc. AMD, Nvidia Corporation NVDA, and Intel Corporation INTC, are poised for significant impact and present compelling investment opportunities with the AI wave expected to swell over the next year.

Advanced Micro Devices, Inc. AMD

AMD is an American multinational semiconductor company that has established itself as a key player in the development of computer processors and related technologies. With a core product lineup that includes microprocessors, motherboard chipsets, embedded processors, and graphics processors, AMD's work spans servers, workstations, personal computers, and embedded system applications. Their involvement in AI is marked by the intense computational power delivered by their processors, which are essential in driving AI algorithms and data processing tasks.

Nvidia Corporation NVDA

Nvidia Corporation, with its incorporation in Delaware and headquarters in Santa Clara, California, has made a profound impact on the graphics processing and AI domain. Known primarily for their GPUs for gaming and professional markets, NVDA also produces SoCs for the ever-growing mobile computing and automotive sectors. Nvidia's technological innovations have laid down the groundwork for significant advances in deep learning and AI, a boon for investors looking at the future of these intersecting technologies.

Intel Corporation INTC

INTC, the renowned American multinational corporation and Silicon Valley's stalwart, holds the title as the world's largest semiconductor chip manufacturer by revenue. Intel's x86 series of microprocessors are the standard in a vast number of personal computers worldwide. While INTC faces fierce competition in the processor market, its strategic investments and research in AI indicate a drive to remain at the forefront of technology advancements and market demand.

As AI continues to be a transformative force within the technological landscape, AMD, NVDA, and INTC stand out with significant market potential. Their investments and developments in AI position them as must-watch stocks for investors wanting to leverage the expected growth in this dynamic and rapidly evolving field.

AMD, NVDA, INTC