7 Top AI Stocks to Watch in March 2024 and today, we’re diving into the exciting world of Artificial Intelligence (AI) and exploring some of the hottest stocks in the market right now.
The AI revolution is upon us, and it’s disrupting everything from healthcare to finance to transportation. As a result, companies developing and implementing AI solutions are seeing massive growth.
But with so many options, where do you even begin? In this video, we’ll be counting down the top 7 AI stocks to watch in March 2024, based on a combination of factors like recent performance, future potential, and overall market trends.
So, grab your notebooks, and get ready to learn about the future of tech!
Disclaimer.
I am not a financial advisor, and this is not financial advice. Please do your own research, consider your risk tolerance, and consult a financial advisor before making any investment decisions.
Number 7: Upstart Holdings.
Upstart is a fintech company using AI to revolutionize loan approvals. Their AI-powered platform analyses alternative data sources like social media and bank account activity to assess borrower risk more accurately. This not only benefits lenders by reducing defaults, but also expands access to credit for borrowers who might be unfairly denied by traditional methods. Upstart’s stock has soared over 72% in the past year, and with the lending industry ripe for disruption, this could be a long-term winner.
Here’s why this stock might be perfect for your portfolio:
AI Powerhouse: Upstart doesn’t just rely on credit scores. Their AI analyses tons of alternative data points, like your social media habits and bank account activity, to get a more accurate read on your creditworthiness. This means responsible borrowers with limited credit history finally have a shot at a fair loan!
Win-Win Situation: Upstart’s AI magic isn’t just good for borrowers. By identifying good borrowers traditional models might miss, Upstart helps lenders reduce defaults and make more money. It’s a win-win for everyone!
Disrupting a Giant Industry: The lending industry is massive, but it’s also stuck in the past. Upstart’s innovative approach has the potential to completely transform how loans are approved. That’s a huge opportunity for investors!
Stock on the Rise: Upstart’s stock price has already skyrocketed over 72% in the past year, and that momentum could continue. With the entire lending landscape ripe for disruption, Upstart is a company positioned for serious long-term growth.
So, if you’re looking for a company that’s using technology to make finance fairer and more efficient, then Upstart Holdings might be the perfect addition to your watchlist. Do your own research of course, but this fintech innovator is definitely one to keep an eye on.
Number 6: Intuitive Surgical.
Intuitive Surgical is a giant in the field of robotic-assisted surgery. Their da Vinci surgical systems use AI for improved precision and control during minimally invasive procedures. This translates to faster recovery times, less pain for patients, and better outcomes overall. With the aging population and growing demand for these procedures, ISRG is well-positioned for continued growth. Their stock has gained nearly 69% in the last year.
Why should you care? Intuitive Surgical is the kingpin of robotic-assisted surgery, and their da Vinci Surgical System is like having an extra set of super-powered surgeon arms in the operating room.
Here’s the breakdown:
AI-powered precision: Imagine a tiny robot arm controlled by artificial intelligence, giving you unmatched control and stability during minimally invasive surgery. That’s the da Vinci system, and it translates to…
Faster recovery times: Smaller incisions mean less trauma, less pain, and patients getting back on their feet quicker. Happy patients, happy surgeons!
Better outcomes overall: Robotic surgery can lead to improved accuracy and reduced complications. That’s a win-win for everyone.
But here’s the real kicker: With the world’s population getting older and the demand for minimally invasive surgery skyrocketing, Intuitive Surgical is perfectly positioned to keep growing. Their stock has already soared nearly 69% in the past year! Not bad, right?
So, if you’re looking to invest in a company at the forefront of medical technology, with a bright future ahead, then ISRG might be the perfect addition to your portfolio.
But hey, this is just one stock! Don’t forget to do your own research before you dive in. Let us know in the comments what other hot stocks you’re following, and hit that subscribe button for more investment breakdowns!
Number 5: UiPath.
UiPath is a leader in Robotic Process Automation (RPA), a technology that uses AI-powered software robots to automate repetitive tasks. Imagine automating data entry, generating reports, or even responding to emails – that’s the power of RPA. As companies look to streamline operations, reduce costs, and boost efficiency, UiPath is at the forefront of this revolution. Their stock has climbed over 72% in the past year.
Let’s face it, nobody enjoys spending hours on repetitive tasks like data entry, report generation, or wading through endless emails.
(show montage of people doing tedious tasks)
UiPath steps in with Robotic Process Automation, or RPA for short. Imagine having a software robot that can do all that boring stuff for you, freeing you up for more strategic, interesting work.
(use split screen: one side showing a person struggling with tasks, the other a robot effortlessly completing them)
UiPath’s RPA platform uses clever AI to automate these tasks, making them faster, more accurate, and way less frustrating.
(show funny bloopers of people making mistakes during data entry)
Companies are all about streamlining operations, cutting costs, and boosting efficiency, and UiPath is right there helping them achieve that.
So, if you’re looking for a company at the forefront of a technological revolution, that’s also seeing incredible growth, then UiPath (PATH) might be a stock you want to keep an eye on. Do your own research of course, but this is one company that’s definitely making a buzz.
Number 4: AeroVironment.
AeroVironment might surprise some, but they’re a leader in developing AI-powered drones for military and commercial applications. Their autonomous unmanned aerial vehicles (UAVs) are used for surveillance, logistics, and data collection in often difficult-to-reach or dangerous areas. Imagine sending an AI-powered drone to inspect a damaged wind turbine or deliver critical medical supplies. The applications are vast, and with the growing drone market, AVAV’s stock has risen over 79% in the past year.
Now, AVAV aren’t your average drone company. They’re at the forefront of developing AI-powered drones, which are basically tiny, super-smart robots that can fly! Imagine sending one of these drones to inspect a damaged wind turbine on a remote mountaintop, or deliver critical medicine to a disaster zone. No pilot required!
That’s the kind of future AVAV is building, and it’s a future that’s taking flight – literally. Their stock has soared over 79% in the past year, and that growth is likely to continue as the drone market explodes.
Here are some reasons why you might want to consider adding AVAV to your portfolio:
Market Leader in AI-powered Drones: AVAV is at the cutting edge of drone technology, with intelligent drones that can handle complex tasks autonomously.
Huge Applications: From search and rescue to industrial inspections and military operations, the potential uses for AI-powered drones are vast.
Rapid Market Growth: The drone market is expected to reach a staggering $50 billion by 2025. That’s a lot of sky for AVAV to soar through.
So, if you’re looking to invest in a company that’s positioned to take advantage of the booming drone market, AVAV is definitely a stock to consider.
Who else is excited about the future of drones? Let me know your thoughts on AVAV and other drone companies in the comments below.
Number 3: Symbolic.
Symbolic is a name to watch in the field of warehouse automation. They develop AI-powered robots and software that optimize warehouse operations. Their systems can handle everything from picking and packing items to managing inventory and even navigating busy warehouse floors. As e-commerce continues to boom and efficient warehousing becomes crucial, SYM’s stock has jumped over 177% in the past year.
Imagine this: you order something online, expecting a long wait. But nope! Thanks to SYM’s tech, robots are whizzing around the warehouse, grabbing your item, packing it up perfectly, and getting it shipped out faster than ever. It’s like magic, but with a whole lot of science.
Here’s why SYM should be on your watchlist:
The E-commerce Boom: Online shopping’s not going anywhere, folks. As more and more people order stuff online, warehouses need to get SMARTER. SYM’s AI-powered robots are the future, and they’re being snapped up by major companies already.
Efficiency King: SYM’s systems don’t just pick and pack – they manage inventory, navigate busy floors, and basically run the whole warehouse like a well-oiled machine. That means less wasted time, less money spent, and happier customers getting their stuff quicker!
Stock on the Rise: Look, past performance isn’t a guarantee, but SYM’s stock price has skyrocketed over 177% in the past year. That’s a sign that investors are excited about the potential of this company.
So, if you’re looking to invest in a company that’s at the forefront of a booming industry, SYM is definitely worth a closer look.
Number 2: SoundHound AI.
SoundHound is a pioneer in voice-enabled AI, creating voice assistants and other conversational AI solutions. Their technology is used in various sectors, from automotive to hospitality. Imagine using your voice to control your smart home devices, order food at a restaurant, or get instant language translation. With the rise of voice interfaces and the increasing demand for natural language processing, SOUN is well-positioned for the future. Their stock has surged over 267% in the past year.
Imagine this: you roll into your driveway, car recognizes your voice, unlocks the door, and adjusts the temperature to your liking – all with a simple “hey car.” Or you’re chilling at a restaurant, feeling peckish, but can’t be bothered to grab a menu. No problem, with SoundHound’s tech, you can simply order your food through voice commands, easy as pie!
But SOUN isn’t just about convenience, it’s about breaking down language barriers. Stuck in a foreign country and can’t decipher the menu? No sweat, SoundHound’s translation tech can bridge the gap in real-time. Pretty cool, right?
Here’s the kicker: the need for voice interfaces and natural language processing is exploding. Just look at how voice assistants are becoming an everyday thing in our homes. SoundHound is at the forefront of this revolution, and that’s why their stock has skyrocketed over 267% in the past year. This is a company positioned for serious growth, and you might not want to miss the wave!
So do your research, consider investing in SOUN, and be a part of the future of voice-enabled technology!
Number 1: NVIDIA Corp.
And finally, our number one AI stock is the undisputed king of graphics processing units (GPUs), NVIDIA. Their powerful GPUs are not only essential for gaming but also play a critical role in AI development and machine learning. These complex algorithms require a lot of processing power, and NVIDIA’s GPUs are specifically designed to handle these tasks efficiently. NVIDIA’s strong fundamentals and dominance in the AI hardware space make it a top choice for investors looking to gain exposure to the future of computing. Their stock has skyrocketed over 287% in the past year.
That’s right, the same NVIDIA that makes those killer graphics cards you’ve been eyeing is also a major player in the future of technology – Artificial Intelligence. But hold on, there’s more to this story than just awesome graphics!
Let’s break it down. First, NVIDIA is the undisputed king of Graphics Processing Units, or GPUs. These aren’t just for making your games look super smooth, they’re actually like the brains of AI. Imagine all those complex algorithms that power things like self-driving cars and facial recognition – they need serious processing power, and NVIDIA’s GPUs are designed specifically to handle this heavy duty work.
So, when you invest in NVIDIA, you’re not just putting your money behind better gaming experiences (although that’s pretty sweet too), you’re tapping into the future of AI and machine learning. This is a technology that’s going to change the world, and NVIDIA is right at the forefront.
And here’s the kicker: NVIDIA’s stock has absolutely skyrocketed over 287% in the past year! That’s some serious growth, and it shows just how much potential investors see in this company.
Now, before you go diving headfirst into the stock market, remember to do your own research. But if you’re looking for a company with strong fundamentals, a dominant position in the AI hardware space, and the potential for explosive growth, then NVIDIA is definitely a stock worth considering.
Bonus, AMD.
Advanced Micro Devices, is a US chipmaker based in Santa Clara, California, develops processors and related tech for businesses and consumers. Their products include CPUs, graphics cards, and more for PCs, servers, and gaming. They’re also making waves in data centers and high-performance computing.
Is AMD the key to unlocking your AI investing dreams? Let’s crack open the chip case and see!
Reason #1: Powering the AI Revolution
Imagine self-driving cars, next-level medical diagnosis, and mind-blowing virtual reality. That’s the world of AI, and AMD is building the brains behind it. Their processors are specifically designed to handle the heavy lifting of AI tasks, making them a major player in this booming market. Jump on board this rocket ship before it blasts off!
Reason #2: Taking on the Titans
AMD isn’t afraid to go toe-to-toe with the big dogs like Nvidia. Their chips are known for being competitive, offering great performance without breaking the bank. This competition is good news for us investors, as it drives innovation and keeps prices in check. Who wouldn’t want a piece of that action?
Reason #3: The Track Record is Real
AMD has been on a tear lately, with their stock price soaring in 2024. That’s not a fluke! They’re consistently delivering strong earnings and showing impressive growth. This kind of momentum is a great sign for the future, and it could mean even bigger gains down the road.
But before you hit that buy button, remember this is the stock market, not a game of Candy Crush. Do your own research, consider your risk tolerance, and never invest more than you can afford to lose.
That said, AMD is a strong contender in the AI game. With a focus on innovation, a competitive edge, and a proven track record, it could be a fantastic investment for your AI-powered future. So what are you waiting for? Do your DD (due diligence) and see if AMD fits your investing strategy.
The world of AI is vast and ever-evolving. These are just a few of the many exciting companies pushing the boundaries of what’s possible. By staying informed about the latest advancements, you can potentially position yourself to benefit from the AI revolution.
Thanks for joining me today! If you enjoyed this video, leave a thumbs up and subscribe for more tech content.
Let me know in the comments below which AI companies you’re most interested in, and what you think about AMD. Are you bullish on AI stocks? And what other tech companies are you keeping an eye on?
Until next time, happy investing.
