From Investor’s Business Daily:

Investor interest in AI is surging, leading companies to tout AI product roadmaps. But finding legit AI stocks that already generate revenue from generative AI is challenging. Companies like Microsoft and Nvidia are leading the way, as generative AI poses risk and opportunity for many firms in today’s market. Amid the hype of generative AI emergence, cautiousness is key. Look for AI stocks that use artificial intelligence to improve products or create a strategic edge. From chipmakers to software companies to technology giants, there is a wide range of AI stocks to consider investing in. Astera Labs and Super Micro Computer have seen recent movements in the market, but the battle between Nvidia and Advanced Micro Devices continues to evolve. News about Nvidia’s Blackwell processors and Broadcom’s event show the growing impact of AI on the tech industry. Salesforce’s Einstein 1 Studio is just one example of how software firms are approaching AI monetization, with Microsoft leading the way as the biggest investor in OpenAI. Apple, despite its vast market valuation, is still facing questions about how to incorporate AI tools like ChatGPT. Machine learning and AI algorithms are becoming more mainstream, forcing companies to adapt in order to keep up with the industry. With the rise of generative AI, companies are under pressure to show tangible progress in revenue growth as a result of their AI initiatives. AI stocks in various industry groups, from electronics to security to networking, are on the rise as businesses turn to AI for solutions. The development of foundation models is crucial for the future of AI, as companies vie for dominance in the space. With many startups entering the market, the future of AI remains uncertain as established tech giants compete for market share. Efforts to open-source AI models and foster collaboration are underway, signaling a new phase in the AI industry. Companies are racing to develop AI chips to power a wide range of devices, from data centers to smartphones, as the demand for AI capabilities grows. In the evolving landscape of AI technology and investment opportunities, investors must carefully assess the potential risks and rewards of AI stocks in today’s market.



Read more at Investor’s Business Daily: AI Stocks: Best Artificial Intelligence Stocks To Watch Amid ChatGPT Hype