Artificial Intelligence (AI) stands as one of the pivotal technological revolutions of our era. It encompasses a broad range of technologies including machine learning, deep learning, and natural language processing. With the capability to reshape entire industries, automate myriad tasks, and unlock new market opportunities, AI holds immense transformative potential.
For the investment landscape, AI stocks present a promising horizon. Companies that are pioneering in AI research and development are not merely focusing on innovation they’re also strategically positioning themselves to secure a substantial share in a market that’s poised to be a cornerstone of our future.
As intriguing as AI stocks are, investors and traders must note their unique challenges and risks. It’s crucial to delve into comprehensive research and analysis before making investment choices in this dynamic sector. With that being said, here are three AI stocks to check out in the stock market today.
AI Stocks To Buy [Or Avoid] Today
- Microsoft Corporation (NASDAQ: MSFT)
- NVIDIA Corporation (NASDAQ: NVDA)
- Adobe Inc. (NASDAQ: ADBE)
Microsoft (MSFT Stock)
Starting off, Microsoft Corporation (MSFT) is a global technology giant that develops, licenses, and supports a wide range of software products, computing devices, and services. Its renowned offerings include the Windows operating system, Office productivity suite, and the Azure cloud platform.
Last month, Microsoft reported a collaboration with Mercy, focusing on harnessing the power of generative AI and other digital innovations. Their primary goal is to provide medical professionals, including physicians, nurses, and advanced practice providers, with more time to devote to patient care, thus enhancing the patient experience. This joint initiative underscores the evolving role of advanced digital applications in reshaping the future of healthcare.
In the last month of trading, shares of MSFT stock have increased by 3.89%. While, during Tuesday morning’s trading action, Microsoft stock opened modestly higher by 0.18% at $329.90 per share.
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Nvidia (NVDA Stock)
Following that, NVIDIA Corporation (NVDA) is at the forefront of visual computing technology, known primarily for its Graphics Processing Unit (GPU) products. These GPUs, widely used in gaming, design, and deep learning applications, have positioned NVIDIA as a leader in the AI and machine learning revolution.
Earlier this month, NVIDIA announced a strategic partnership with Foxconn. In detail, NVIDIA’s technology will be integrated by Foxconn to create a novel category of data centers, which will support various applications. These applications range from digitizing manufacturing and inspection processes to developing AI-infused electric vehicle and robotics platforms, as well as expanding generative AI services centered on language.
Looking at the past month of trading, shares of NVDA stock are up by 2.22%. Meanwhile, during Tuesday morning’s trading session, Nvidia stock opened higher by 0.43%, trading at $431.60 a share.
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Adobe (ADBE Stock)
Last but not least, Adobe Inc. (ADBE) is a global leader in digital media and marketing software solutions. Its products, such as Photoshop, Illustrator, and Adobe Acrobat, have become industry standards in graphic design, document management, and digital marketing sectors.
This month, Adobe announced its next-generation Firefly Models at the Adobe MAX conference. The lineup includes the enhanced Adobe Firefly Image 2 Model, the pioneering Adobe Firefly Vector Model for vector graphics integrated into Adobe Illustrator, and the Adobe Firefly Design Model that introduces instant template design capabilities in Adobe Express.
Moreover, in the last month of trading, Adobe stock has advanced by 5.65%. During Tuesday morning’s trading action, shares of ADBE stock opened flat on the day so far, at $540.50 a share.
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