Which Tech Giants Are Legitimate AI Stock Picks?

Is (LXFR) Outperforming Other Industrial Products Stocks This Year?·Zacks

Ryan McQueeney

Updated Tue, May 22, 2018, 2:07 PM

In this article:

(1:10) - Part 2: Investing In AI
(5:35) - Will Nvidia Lead The AI Industry?
(8:15) - Takeaways On Where To Invest In AI

On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney continues his three-part series on artificial intelligence by discussing specific strategies for investors interested in AI. This week, the hosts focuses on gaining limited exposure by buying mega-cap tech stocks that have added AI to their business models.

Remember to subscribe and leave a rating on Apple Podcasts if you enjoy the show!

There are several noteworthy “pure play” AI stocks, but these high-growth options might also bring significant risk. To avoid this, one who is bullish on AI might focus on existing tech behemoths that are working on artificial intelligence projects—either behind closed doors, or to complement their other businesses.

For example, Facebook FB and Twitter TWTR use AI to improve the user experience.

Amazon AMZN, Apple AAPL, IBM IBM, and Microsoft MSFT have all developed natural language, virtual assistant programs.

Alphabet GOOGL uses AI to improve search results, and Salesforce CRM uses it to improve customer relations platforms.

Some of these projects are consumer facing, while others are R&D projects existing outside of the public view. Either way, these tech behemoths help investors gain some exposure to the budding AI industry.

Similarly, AI powerhouse Nvidia NVDA has added an artificial intelligence focus to its business model, which once focused almost exclusively on the gaming industry. Now, Nvidia’s high-end GPUs are being used in super computers and massive data centers where machine learning programs are thriving, making Nvidia one of the top AI stock picks on Wall Street.

Make sure to check out the show to hear more!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!

As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!

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Which Tech Giants Are Legitimate AI Stock Picks?

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