Artificial Intelligence is having a huge impact on improving almost everything in the world, right from marketing and advertising efforts to industries such as travel, healthcare, retail, manufacturing, smart cities, media, governments, and literally several other aspects of the modern world. And that’s the very reason stock market offers investors multiple ways to play the upsurge of AI. It’s important for the investors to closely follow the leading insights and analysis about AI stocks to stay informed, and make decisions with precision.
Here is a glimpse of the top three AI stocks to look at in the first month of 2019, laid out by The Motley Fool, a multimedia financial services company based in the United States. According to The Motley Fool, following are the artificial intelligence stocks investors must be watching now:
iRobot: The home robotic specialist had a fantastic 2018 with its smart new self-cleaning Roomba i7+ vacuum model launched in September, followed by its partnership with Google on next-gen smart-home technologies in October. The Motley Fool’s financial experts even speculate the likelihood of Google acquiring iRobot in the coming year. Despite the fact that iRobot’s products are currently manufactured in China and are exported to US (which could impact iRobot’s import tariffs), the company is focused on growing its international presence in regions like Europe and Japan. iRobot has also asserted its willingness to shift their manufacturing operations to other countries to keep the costs down. With iRobot’s next quarterly report anticipated in February, The Motley Fool advises investors to keep a close eye on the United States- China trade negotiations and also pay attention to any earliest updates from iRobot that will support the above facts.
MongoDB: Data forms the foundation of any artificial intelligence tool. The more data you feed into an AI system, the smarter it becomes. MongoDB’s role as a database software is important for any AI to improve constantly. Unlike the traditional relational database designs, MongoDB is a NoSQL platform that can organize numerous types of data with a minimal amount of human intervention required to make it work. MongoDB’s database system is built to make sense of the unorganized data. Compared to 2017 reports, MongoDB’s revenues rose by 57% in the third quarter of 2018, and in the last 52 weeks, share prices are riding 160% higher, which investors are trying to catch on.
MongoDB holds the potential to enable the next generation of powerful data analysis and artificial intelligence platforms. MongoDB’s hyper efficient data storage and its ability to play the AI trend differently makes it a coveted choice for investors.
- Alphabet: Alphabet Inc., the parent company of Google uses AI in its multiple businesses such as improving search results, services like Google Translate app and showing up the most relevant online ads. One of the foremost ways in which Alphabet is using AI is through its ride-hailing (ride booking) company, Waymo. Recently, Waymo has launched the first commercial version of its autonomous ride-hailing service in Phoenix, Arizona. Artificial intelligence is key to Waymo’s operations, using which it processes enormous amounts of visual information such as traffic lights, other cars or vehicles, pedestrians, parking lots, road signs etc. The information processed is applied in real-time which allows the autonomous car to respond swiftly, on time. Waymo has to its credit 10 million miles of real-world road tests, a feat achieved with years of hard work and deep AI skills.
Launching an autonomous ride-hailing service is not a cakewalk, however, the financial potential of Alphabet (as predicted by analysts) could be worth $70 billion by 2030, which makes it a sweet cherry for investors to taste out. Autonomous vehicle market is very nascent and Waymo forged into the venture only last December. The company’s knowledge and expertise in artificial intelligence could guide it through the groundbreaking experiments projected to turn up.