With the rapid growth of artificial intelligence (AI) technology, investors are looking for opportunities to invest in AI stocks. Today, there are a number of growing AI stocks that should be on every investor’s radar. These investments offer exposure to some of the most innovative companies in the space, such as Google, Microsoft, Amazon and IBM. 

Additionally, these investments provide a way for investors to diversify their portfolios while also taking advantage of the potential gains from investing in AI-related companies. In this article, we will look at 9 AI-related stocks that investors should watch out for in 2023.

1. NVIDIA (NVDA)

Nvidia Corporation is a global leader in AI computing and its products are used to accelerate the development of Artificial Intelligence (AI). The company provides a wide range of AI products, from GPUs to software platforms, that enable developers to build powerful AI applications. Nvidia’s products are used in various fields such as healthcare, finance, robotics, automotive and more. They also offer solutions for deep learning and machine learning applications. With the help of these tools, developers can create smarter systems that can learn from data and make decisions quickly.

2. Alphabet (GOOG)

Alphabet Inc. is an American multinational conglomerate holding company that serves as the parent company of Google and several other companies. As one of the world’s largest technology companies, Alphabet has made significant investments in Artificial Intelligence (AI) and its related products, including self-driving cars, natural language processing, robotics, and machine learning.

Alphabet has used AI to develop products such as Google Assistant, Google Duplex, Google Lens, and Google Home. These products have been developed to provide users with more efficient ways to access information or complete tasks. 

3. Microsoft (MSFT)

Microsoft is one of the leading companies in the artificial intelligence (AI) sector. It has made massive investments in AI research and development, and its AI products include Azure Cognitive Services, which provides access to pre-trained machine learning models; Bot Framework for building conversational bots; Azure Machine Learning for creating custom machine learning models; and Microsoft Cognitive Toolkit for deep learning applications.

Microsoft’s AI investments have also enabled it to develop solutions such as facial recognition technology, natural language processing (NLP), computer vision, speech recognition, predictive analytics, and more. These solutions are being used in a variety of industries including healthcare, finance, retail, education, energy & utilities, logistics & transportation.

4. Amazon.com (AMZN)

Amazon.com is one of the largest online retailers in the world and a leader in AI investments. The company has made significant investments in AI products and services, such as Amazon Web Services (AWS), Alexa, and machine learning.

AWS provides cloud computing services to businesses, allowing them to store data and access applications on demand. Alexa is an AI-powered virtual assistant that can be used for voice-enabled shopping, home automation, music streaming, and other tasks. And machine learning helps Amazon analyze customer behavior to suggest relevant products or services.

In addition to these AI products, Amazon also uses AI for fraud prevention, supply chain management, product recommendations, image recognition technology for their warehouses and more. By leveraging the power of AI technology, Amazon continues to improve its customer experience while staying ahead of the competition.

5. Meta Platforms (META)

Meta Platforms is a company that specializes in artificial intelligence (AI) investments and products. Meta Platforms’ AI products are designed to improve the customer experience by automating mundane tasks, reducing costs, and speeding up processes. Their AI solutions are used in various industries such as healthcare, finance, retail, logistics, and more. They also offer consulting services to help companies understand how they can use AI to their advantage.

The company has invested significantly in research and development of its AI products and services over the years. This has enabled them to develop innovative solutions that can be used by businesses of all sizes across different industries.

6. Adobe (ADBE)

Adobe is a leading software company that seizes the power of AI technology. The company has developed various AI products to help its customers create better digital experiences. These products include Adobe Sensei, Adobe Stock, and Adobe Cloud Platform.

Adobe Sensei is an AI platform that provides users with advanced machine learning capabilities to help them create better content and experiences. This platform can be used for tasks such as object recognition, automated image tagging, and natural language processing.

Adobe Stock is a library of high-quality images powered by AI technology. It helps customers find the perfect stock photo or illustration quickly and easily. Lastly, the Adobe Cloud Platform provides users with a secure cloud storage solution for their data and applications powered by AI technology.

7. Snowflake (SNOW)

Snowflake is an American cloud-based data platform that provides AI investments and products to help businesses make smarter decisions. It offers a wide range of AI products, from predictive analytics to natural language processing (NLP) and machine learning (ML). Its AI products are designed to help organizations gain insights into customer behavior, identify trends in their data, and develop more effective strategies for growth. 

Snowflake’s AI investments are focused on building out its portfolio of AI-enabled applications and services that can help companies better understand their customers and drive better business decisions.

8. International Business Machines Corp (IBM)

IBM is an American technology company that has been investing heavily in Artificial Intelligence (AI). Its AI products are used in various industries such as healthcare, finance, retail, and manufacturing. IBM’s AI products include Watson, its flagship cognitive computing platform; Watson Studio, a cloud-based development platform for building AI applications; and Watson Assistant, an AI assistant that helps businesses to automate customer service tasks.

IBM also provides consulting services related to AI implementation and integration. The company is committed to using its resources to develop new technologies that will help improve the lives of people all over the world. It is actively investing in research and development of new applications of AI such as machine learning, natural language processing, computer vision, and robotics.

9. Baidu (BIDU)

Baidu is a Chinese technology giant that has been investing and developing a wide range of AI tools, ranging from autonomous vehicles to voice recognition and natural language processing. Baidu’s AI investments have allowed it to become one of the world’s leading providers of AI-based products and services.

The company’s core AI offerings include its own search engine, cloud platform, and open-source deep learning frameworks. Baidu also provides solutions for image recognition, natural language processing, machine learning, robotics, computer vision and more. In addition to these core offerings, the company also offers a variety of other AI products such as its Apollo autonomous driving platform and DuerOS conversational operating system.

Let the Investor Beware

Investing in individual AI stocks can be a risky endeavor. As with any stock, there is a concentration of risks that come with investing in individual stocks. This means that investors have less diversification and are more exposed to the concentrated risk of their investment. Additionally, the AI hype and bubble has created an environment where investors may be tempted to invest in individual AI stocks without properly assessing the risks involved. 

If you’re considering investing in individual AI stocks, one rule of thumb is to keep the individual stock investments under 10% of your total portfolio. This can minimize the extra risks associated with stock picking.

Disclaimer: The information and/or documents contained in this article does not constitute financial advice and is meant for educational and entertainment purposes only. Read our full disclaimer here.