AI is a vast and growing field with the ability to reshape any industry. It aims to ameliorate computer functioning and programming, about human expertise mainly including reasoning, learning, perception, decision making to name a few. AI can be used to analyze a stock with greater efficiency yielding stupendous results.
International Data Corp conjectures that the revenues for AI software, services, and hardware worldwide, will increase from more than 16% yearly from 2021. And it will reach $327.5 billion in 2025. It becomes crucial to invest in AI stocks knowing their immense potential in the future and how profitable they would be.
Here are some of the best AI stocks to invest in 2021.
Bentley Systems Inc
This Pennsylvania-based software development company is one of the best when it comes to AI stocks. In 2018, the artificial intelligence company acquired Alworx. For the industrial, defense, and aerospace sectors, Alworx provides sensor technologies and services. In 2021, Hyundai entered into a partnership with Bentley Systems Inc. This partnership would help in building an intelligent framework for modeling concrete and steel structures. The framework would be based on artificial intelligence.
The company has a market cap of 13.5 billion dollars. They reported an operating income of 55.6 million dollars in the first quarter of 2021. And hence prove to be one of the best AI stocks in the market currently.
Twilio
In the US News original write-up of the best AI stocks circa early 2018, Twilio was worth less than 4 billion dollars. The company was also said to have one of the highest risks/rewards of all companies. Three years later, the cloud software business is worth more than 59 billion dollars. Twilio makes cloud-based application programming interfaces allowing developers to build voice, video, and messaging features into their apps and remains a wildly popular and fast-growing service.
Tencent
Tencent, a tech conglomerate, is also one of the best AI stocks to buy. It transitioned from being the largest company in the United States to the largest one in China. China’s first tech firm valued at more than 500 billion dollars hit jackpot with WeChat, a dynamic app ubiquitously used in China for messaging, payments, ride-hailing, social media, email, and various other functions.
Rivals including Microsoft and Baidu, the top AI experts in their fields, have been recruited by TCEHY in recent years. Tencent currently uses AI to improve its content, social media, and gaming experience. Investors must look favorably at investing in their AI stocks.
DocuSign
DocuSign was classified as one of the top AI companies in the world with the best AI stocks. The company uses artificial intelligence to revolutionize contracts one of the unheralded pillars of modern society. In 2020, DOCU bought Seal Software an AI company focused on contact analytics for 188 million dollars.
The usage of DocuSign’s natural machine learning and language processing uncover risks in the contracts. It also dramatically accelerates deal flow identifies opportunities by identifying them and cutting down on legal work. This legwork is needed for the deal to close. The stock has more than tripled in the last year, but analysts expect DocuSign to grow earnings per share by more than 50% between 2021 and 2022.
Coups: Business spend management company
More than 7 million suppliers and over 2000 buyers get connected on the Coupa’s Business spend management (BSM) platform. This helps suppliers a wide audience of potential customers, and it also provides buyers with an extensive catalog of products. Moreover, Coupa’s Business spend management platform helps clients with reliable cost savings and helps them work more efficiently.
This is made possible due to their high-quality artificial intelligence, making the company one of the best AI stocks to invest in. Coupa’s Business spends management Comminuirty intelligence is the company’s AI-powered recommendation engine. By applying AI to transactions occurring o its platform Coupa’s Business spend management can make prescriptive suggestions that help its clients spend money more efficiently and reduce supply-chain risks.
One of the things that separate the company from its rivals is the Coupa Community Intelligence solution.
In recent times AI has molded its way into the stock market and trading. The investors can gain profit by investing in the above-mentioned companies
