Top 8 AI Stocks to Watch in November 2024: best picks

Top 8 AI Stocks to Watch in November 2024

As artificial intelligence (AI) continues to reshape industries, investors are eyeing opportunities in the AI stocks market. With advancements in machine learning, robotics, and automation, many companies are driving the industry forward. In November 2024, these eight AI stocks stand out due to their solid performance and potential for further growth. Let’s dive into what makes each of these companies worth watching and how they fit into the broader AI landscape.

1. NVIDIA (NVDA)

NVIDIA remains the leader among AI stocks with substantial gains. Known for its graphics processing units (GPUs), NVIDIA has expanded into AI computing, creating software and hardware that power AI applications across sectors like gaming, automotive, and healthcare. Its stock has skyrocketed, reflecting its dominant position in the AI ecosystem.

2. SoundHound AI Inc. (SOUN)

SoundHound is making waves in voice-recognition technology, providing solutions for industries like hospitality and automotive. Its voice-enabled AI allows for seamless customer interactions, and partnerships with major brands help position SoundHound as a top contender among AI stocks.

3. Procept BioRobotics Corp (PRCT)

Specializing in medical robotics, Procept BioRobotics offers technology for urological treatments. Its innovative solutions make procedures less invasive and more efficient. As demand for AI-powered healthcare solutions rises, Procept BioRobotics continues to perform well in the AI stocks sector.

4. Upstart Holdings Inc. (UPST)

Upstart Holdings leverages AI to disrupt the lending industry. By analyzing non-traditional data points, it enhances credit risk assessment, which often results in lower loan rates and better accessibility for borrowers. Upstart’s AI-powered approach makes it a noteworthy stock in the financial tech space.

5. Intuitive Surgical Inc. (ISRG)

Intuitive Surgical is a pioneer in robotic-assisted surgery, with its da Vinci Surgical System leading the field. By integrating AI, the company continuously improves precision in surgical procedures. With the growing adoption of AI in healthcare, Intuitive Surgical has cemented itself as a valuable player in AI stocks.

6. AeroVironment Inc. (AVAV)

AeroVironment is a leader in drone and unmanned aircraft technology, critical in both military and civilian applications. With AI-driven automation, AeroVironment’s drones are used for surveillance, data collection, and even delivery. Its robust performance and AI applications make it a stock to watch in November.

7. Pegasystems Inc. (PEGA)

Pegasystems develops AI-driven software that helps businesses optimize their operations and customer interactions. Its solutions for process automation and customer engagement are widely used across industries, contributing to its standing among AI stocks.

8. Microsoft Corp. (MSFT)

Microsoft has heavily invested in AI, especially with its Azure cloud platform. Microsoft’s collaboration with OpenAI to integrate AI into software solutions has positioned it as a key player. The company’s diverse AI initiatives and consistent performance make it a reliable investment in AI stocks.

Why AI Stocks Are Attracting Investors

The AI market is expanding rapidly, and companies involved in AI development and application are seeing high investor interest. AI stocks have a reputation for strong growth potential, even though they may be volatile due to rapid industry changes. As these technologies become more integrated into everyday life, their stock values often increase, making them appealing to both individual and institutional investors.

How to Invest in AI Stocks

If you’re new to investing in AI stocks, a brokerage account is a good place to start. Decide if you want to invest in individual stocks, which can be rewarding but also risky, or in exchange-traded funds (ETFs) that include a basket of AI-related companies. ETFs provide diversified exposure to AI stocks, minimizing risk while allowing participation in the AI boom.

In summary, AI stocks like NVIDIA, SoundHound, and Microsoft are shaping the future of technology and offer unique opportunities in the stock market. While these stocks have shown strong performance, it’s wise to research each company and assess your investment goals. Investing in AI stocks could be a great move for those looking to be part of the AI revolution.

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