Are you looking for top AI companies to invest in?
The present technological revolution is centred on artificial intelligence and machine learning. These technologies, like cell phones, are nearly universal since they have the potential to affect every significant industry.
Deep learning and machine learning are two examples of artificial intelligence that employ computers to perform activities that often need human intelligence.
Many IT companies use artificial intelligence to bolster their operations, including well-known ones like robotics, self-driving cars, and virtual assistants. Lots of leading artificial intelligence firms have entered the mainstream due to this circumstance.
Big-tech AI company stocks are available less frequently than you may think. AI and machine learning initiatives are commonly employed in the business. There aren’t many pure-play, publicly traded AI startup stocks, though.
Top ai Companies to Invest in
Amazon.com, Inc. (NASDAQ: AMZN)
Number of Hedge Fund Holders: 269
The biggest retailer in electronic commerce and one of the top ai Companies to Invest in is Amazon.com, Inc.
The company also has consumer technologies, satellite internet, and cloud computing divisions. Its main office is in Seattle, Washington, in this country.
For its “flywheel” approach to artificial intelligence, Amazon.com, Inc. is well-known. This strategy acknowledges that creating artificial intelligence models is extremely expensive, but once the “wheel” gets going, it almost immediately becomes self-sustaining and generates enormous benefits.
For example, Amazon.com, Inc. leverages flywheel to increase performance across its business divisions by using predictive and generative insights from one division.
In its Q3 2022 survey of 920 hedge funds, Insider Monkey found 269 had purchased Amazon.com, Inc. shares.
Of these, Amazon.com, Inc.’s largest shareholder is Ken Fisher’s Fisher Asset Management. It is worth $5.6 billion and has 49 million shares.
Microsoft Corporation (NASDAQ: MSFT)
Number of Hedge Fund Holders: 269
The Windows operating system makes Microsoft Corporation one of the most recognizable names in technology and top ai Companies to Invest in. The company also has sections for cloud computing and consumer computing. Its main office is in Redmond, Washington, in this country.
Microsoft Corporation focuses on several different industries through its artificial intelligence solutions. These include allowing action in disaster-affected areas, addressing climate change, improving healthcare, protecting cultural assets, and creating equal outcomes and opportunities.
Additionally, it enables businesses to use a ready-made platform to deploy deep learning and scale up their models.
In the third quarter of this year, 269 of the 920 hedge funds that Insider Monkey examined purchased shares of Microsoft Corporation.
With a $9 billion investment of 39 million shares, Michael Larson’s Bill & Melinda Gates Foundation Trust is Microsoft Corporation’s largest shareholder.
Alphabet Inc. (NASDAQ: GOOG)
Number of Hedge Fund Holders: 196
One of the largest technology corporations and top ai Companies to Invest in the world is Alphabet Inc. Its divisions work in many sectors, including cloud computing, consumer electronics, smart devices, and more.
Artificial intelligence is the focus of a whole division of Alphabet Inc. The division, Google AI, works on various projects, including examining machine learning as a tool for creativity, operating tensor processing units, doing artificial intelligence research, and publishing articles (TPUs).
In the September quarter of 2022, 196 hedge funds out of the 920 hedge funds surveyed by Insider Monkey purchased Alphabet Inc. shares.
The largest shareholder in Alphabet Inc. is Chris Hohn’s TCI Fund Management, which has 52 million shares worth $5 billion.
Advanced Micro Devices, Inc. (NASDAQ: AMD)
Number of Hedge Fund Holders: 89
American semiconductor designer and one of the top AI companies to invest in is Advanced Micro Devices, Inc. The business sells central processing units (CPUs) and graphics processing units (GPUs) (CPUs). The company’s main office is in Santa Clara, California.
The EPYC CPUs and Radeon GPUs from Advanced Micro Devices, Inc. are built to support workloads for machine learning and artificial intelligence. The company also provides Instinct Accelerators and an Accelerator Cloud for these technologies. Several businesses, including Dell, Lenovo, ASUS, and HP, use Advanced Micro Devices, Inc products.
89 of the 920 hedge funds surveyed by Insider Monkey had a position in Advanced Micro Devices, Inc. by the end of the third quarter of this year.
The largest shareholder in Advanced Micro Devices, Inc. is Ken Fisher’s Fisher Asset Management, which has 19 million shares valued at $1.2 billion which makes it one of the top ai Companies to Invest in
NVIDIA Corporation (NASDAQ: NVDA)
Number of Hedge Fund Holders: 89
One of the Top ai Companies to Invest in, and the most prominent semiconductor designers in the world, is the NVIDIA Corporation. The business offers graphics processing units (GPUs) for processing machine learning and artificial intelligence. Its main office is in Santa Clara, California, in the US.
Products from NVIDIA Corporation are utilized in both deployment and development scenarios. The former is used in data centres and cloud computing, whilst the latter is utilized in robotics and automobiles.
Additionally, compared to conventional central processing units, the company’s GPUs cut end-to-end and data preparation times by more than half (CPUs).
In the third quarter of 2022, 89 hedge funds out of 920 surveyed by Insider Monkey made investments in NVIDIA Corporation.
The largest shareholder in NVIDIA Corporation is Ken Fisher’s Fisher Asset Management. It owns 12 million shares, valued at $1.4 billion which places it among the top AI companies to invest in.
Oracle Corporation (NYSE: ORCL)
Number of Hedge Fund Holders: 67
The enterprise resource planning (ERP) software suite, database system, and cloud computing platform are all offered by Oracle Corporation, a technology firm and one of the top AI companies to invest in. Austin, Texas, serves as the company’s headquarters in the United States.
Under the Oracle AI platform, Oracle Corporation offers customers a range of artificial intelligence products. These include machine learning solutions, software for software as a service (SaaS) services, and pre-trained models to allow customers to utilize their data for quicker adoption.
Predictive modelling, AI chatbots, and disruption minimization and mitigation are a few of these uses.
In the third quarter of 2022, Insider Monkey examined 920 hedge fund portfolios for their investments and found that 67 had a holding in Oracle Corporation.
The largest shareholder of Oracle Corporation is First Eagle Investment Management, run by Jean-Marie Eveillard. It owns 25 million shares, valued at $1.5 billion which makes it one of the top ai Companies to Invest in
Oracle Corporation is among the top stocks for artificial intelligence (AI), along with Alphabet Inc., Microsoft Corporation, and Amazon.com, Inc.
Autodesk, Inc. (NASDAQ: ADSK)
Number of Hedge Fund Holders: 62
Software provider Autodesk, Inc., among the top ai Companies to Invest in, offers design and engineering products. These assist architects, engineers, and designers in planning and create their goods.
The business’s main office is in San Rafael, California.
The feature that Autodesk, Inc. refers to as Generative Design is its products’ primary instance of artificial intelligence. Through this technique, architects and other professionals can use artificial intelligence to sort through various potential outcomes, balance their design goals, and produce the ideal solution. The BIM 360 and Spacemaker AI tools are further ones.
62 of the 920 hedge funds examined by Insider Monkey as of Q3 2022 have purchased shares of Autodesk, Inc.
Rajiv Jain’s GQG Partners, which owns 2.8 million shares worth $539 million, is the largest shareholder in Autodesk, Inc.
ANSYS, Inc. (NASDAQ: ANSS)
Number of Hedge Fund Holders: 44
ANSYS, Inc., one of the top AI companies to invest in, offers engineering simulation software. Engineers can develop and design their products by researching the interactions between structures, heat transfer, fluid dynamics, and electronics.
The business’s main office is in Canonsburg, Pennsylvania. ANSYS, Inc. uses artificial intelligence to create simulations and discover parameters, enabling users to test hundreds of combinations to find the ideal combination for their goods.
Additionally, preparing neural networks for cutting-edge generative insights accelerates simulations by an astounding 100 times.
44 out of the 920 hedge funds surveyed by Insider Monkey by the end of the third quarter of 2022 owned shares of ANSYS, Inc.
Robert Joseph Caruso’s Select Equity Group is the largest shareholder in ANSYS, Inc., holding 907,395 shares with a market value of $201 million which places it among the top ai Companies to Invest in.
International Business Machines Corporation (NYSE: IBM)
Number of Hedge Fund Holders: 40
With its founding in 1911 and headquarters in Armonk, New York, International Business Machines Corporation is one of the oldest technological businesses in the world.
The company has changed to keep up with these changes after experiencing the highs and lows of the technology sector.
International Business Machines Corporation, one of the top ai Companies to Invest in enables its clients to reimagine their workflows and operations using artificial intelligence to enhance business outcomes and other capabilities.
These allow businesses to improve consumer interactions with virtual agents, expand the use of artificial intelligence, and promote innovation. IDC also named International Business Machines Corporation the best artificial intelligence company in the world in 2021.
For the third quarter of this year, Insider Monkey examined 920 hedge fund portfolios and found that 40 held investments in International Business Machines Corporation.
Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the largest stakeholder of International Business Machines Corporation, holding 4.3 million shares worth $515 million which places them among the top AI companies to invest in.
Summary
There’s no doubt artificial intelligence is an inspiring space to invest in, and interested investors should keep tabs on these Top ai Companies To Invest in.
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