10 Best Artificial Intelligence Stocks to Buy This Month

10 Best Artificial Intelligence Stocks to Buy This Month

10 Best Artificial Intelligence Stocks to Watch in May

Artificial Intelligence (AI) is an innovative technology that attempts to imitate human intelligence to make life easier for humans. Stepping into this digital era where Artificial intelligence era, artificial intelligence has led to innovation and economic growth. It is a technology that helps in automating processes with minimal human intervention. There are many aspects of AI, such as natural language processing (NLP), machine vision (MV), speech recognition, and many more. The integration of AI has not just redefined our lives but has caused a huge impact on the stock market. Hence, AI stocks refer to the companies involved in the development of AI technology. Whether it is manufacturing, banking, finance, or healthcare, AI has started to penetrate every sector. Today, AI stocks have made significant growth in the market.

Here we have listed the 10 best artificial intelligence stocks that you can invest in this month promising you high substantial returns. Be it investing in the stock market for the first time or experienced stock investors these artificial intelligence stocks are sure to provide good returns. Therefore, if you want to invest in technology stocks over the long term, then these artificial intelligence stocks offer good opportunities.

1. Bosch Ltd

Bosch Limited (BOSCH) is an Indian company that provides technology and services in Mobility Solutions, Industrial Technology, Consumer Goods, and Building Technology. The Company produces and trades in products like Diesel and Gasoline Fuel Injection Systems, Automotive Aftermarket Products, Industrial Equipment, Electrical Power Tools, Security Systems and Industrial and Consumer Energy Products and Solutions. Bosch operates under three business segments: Automotive Products; Consumer Goods; and Others. The Automotive Products segment includes Diesel Systems, Gasoline Systems, and automotive Aftermarket Products and Services. The Consumer Goods segment includes trading activities in Power Tools and consumables. The Company operates in other businesses such as Industrial Technology, Building Technology Products and Services, Supply, Sales, and Distribution of Automotive Parts for Vehicle Servicing and Diagnostics Equipment for Workshop, among others. Over the past 12 months, Bosch's share price has increased by approximately 56.58%. The company's market capitalization is currently ₹ 86577.11 crore. It is one of the 10 best artificial intelligence stocks that you can invest in this month.

2. Persistent Systems Ltd

Persistent Systems Limited (PSL) is an India-based holding company that specializes in Software products and Technology Services. The company's segments include Banking and Financial Services, Insurance, Healthcare & Life Sciences and Technology Companies and emerging Verticals. The company offers a variety of services, such as Digital Strategy and Design, Software Product Engineering, Client Experience (CX) Transformation, Cloud & Infrastructure, Intelligent Automation, Enterprise Information Technology (IT) Security, Enterprise Integration, Application Development and Management, and Data and Analytics. The company serves various industries, such as Banking and financial services, Insurance, Healthcare Life Sciences, Software and Hi-tech, and Telecom and Media. The company's cloud and infrastructure services include Hybrid & multi-Cloud Transformation, Center Modernization, persistent Intelligent IT operations (PiOps) and cloud advisory services. The company's stock price zoomed by 56.85% in the last 12 months with a market cap of ₹ 53630.20 crore making it one of the 10 best artificial intelligence stocks that you can invest in this month.

3. Tata Elxsi Ltd

Tata Elxsi Ltd. is a global design & technology services company based in India. The company's business segments are system integration & support, software development & services. The company has experience in automotive engineering in various fields including advanced driver assistance systems (ADAS), autonomous driving & electrification, connected car solutions, etc. The company helps clients re-imagine their products & services by using design thinking & digital technologies like IoT, Cloud, Mobility, Virtual Reality and Artificial Intelligence. The company provides platforms & solutions like TETHER which is a Connected Vehicle Platform, TEC Cockpit which is an Integrated Cockpit Solution, Autom@TE which is a Test Automation Suite. The company also provides Digital content creation for media & entertainment industry. The company provides services across different industries like automotive, broadcast & communications, healthcare & transportation. The company has a market cap of ₹ 46541,99 crores. Last year it delivered a return of 19.07%.

4. Oracle Financial Services Software Ltd.

Oracle Financial Services Software Ltd is an Indian-based company that provides information technology (IT) solutions and business process management (BPM) services to the financial services industry. The company has two segments: Product Licensing and Related Activities (Products) and Information Technology Solutions and Consulting Services (Services). The Products segment deals with different banking software products and related activities, including enhancements, implementation, and maintenance. The Services segment provides services across the lifecycle of the applications used by the financial service institutions. The company's financial services banking product range includes Oracle Financial Services Universal Banking, Oracle Financial Services for Islamic Banking, and Oracle Financial Services Investor Servicing. The company's banking platform is Oracle Banking Platform, and its branches are Oracle Banking Branch and Oracle Banking Origination. The company's lending and leasing activities are Oracle Financial Services and its accounts are Oracle Banking and Cash Management. The company currently has a market capitalization of approximately ₹ 64337.80 crore. The company delivered a return of 116.87% in the past year making it one of the 10 best artificial intelligence stocks that you can invest in this month.

5. Cyient Ltd

Cyient Ltd is an Indian-based company that specializes in providing global engineering services and technology solutions. The company focuses on geospatial design, engineering design and information technology solutions, as well as data analytics. The company is also active in the overall electronics manufacturing solutions business in the medical, industrial and automotive sectors, as well as telecommunications, defense, and aerospace applications. The company manufactures and machines components for the aerospace, automotive, and defense sectors. The company's segments are Digital, Engineering & Technology, Design Led Manufacturing & Others. The digital, engineering & technology segment covers transportation, connectivity and hi-tech technologies, automotive and semicon & medical technologies, while the digital embedded solutions are included in the business units of the DLM segment. The company operates through its platforms CyFAST, CyMedge, and PlatformX. The company's market capitalization is approximately ₹ 21505.42 crore. The company's share price has increased by 64.94 % in the last 12 months and can be considered as one of the 10 best artificial intelligence stocks that you can invest in this month.

6. Affle (India) Ltd

Affle (India), a global technology company, offers a consumer intelligence platform to deliver consumer engagement, acquisitions, and transactions via relevant mobile advertising. The company has two segments: the Consumer Platform segment and the Enterprise Platform segment. The Consumer Platform segment provides consumer recommendations and conversions using relevant mobile advertising. It helps apps, businesses, and brands to advertise, discover and re-engage valuable customers. The Enterprise Platform segment offers a range of digital transformation services for building audience-oriented digital assets. It has platforms such as appnext, jampp, maas, revx and vizury among others. The company also provides end-to-end solutions for enterprises to improve their mobile user engagement, such as developing apps, enabling offline-to-online commerce for offline businesses that have e-commerce aspirations, etc. Currently, the company has a market capitalization of approximately ₹ 14870.57 crore. In the past year, the company has been quite profitable with revenue growth of 17.35%. In the last 12 months, the company's share price zoomed.

7. Zensar Technologies Ltd

At present, Zensar Technologies Limited (Zensar) has a market cap of ₹ 13042.74 crore and its shares have gained 111.36% in the last 12 months. Zensar is a digital solutions & technology services company that provides a variety of IT services and solutions. Zensar operates in two segments – Digital and Application Services DAS and Digital Foundation Services DFS. In the DAS segment, Zensar provides custom applications management services such as application development, application maintenance, application support, modernization & testing services across technology & industry verticals. The DFS segment, on the other hand, provides infrastructure management services. This segment includes hybrid IT services, digital workspace services, dynamic security, and unified IT provider services under a managed service platform with automation, autonomics, and machine learning. In addition to experience services, Zensar also offers advanced engineering services and data engineering & analytics as well as application services and foundation services. The company serves various industries like manufacturing, retail & consumer services, insurance and others.

8. Happiest Minds Technologies Limited

Happiest Minds Technologies Limited is an IT consulting and services company based in India. The company's segments include infrastructure management & security services (IMSS), digital business solutions (DBS), and product engineering services (PES). IMSS provides continuous support & managed security services to mid-sized enterprises & technology companies. DBS targets digital modernization & transformation for its clients through digital application development & application modernization. PES focuses on digital foundry & platform engineering & device engineering. It offers solutions across spectrum of different digital technologies such as RPA, SDN/NFV, big data & advanced analytics, IoT, cloud, BPM, and security. The company's market capitalization is currently ₹ 12348.73 crore. The company's shares have gained 1.85% in the last 12 months.

9. Kellton Tech Solutions

Kellton Tech Solutions Limited is a digital transformation company based in India. The company provides services in the fields of digital transformation and enterprise resource planning as well as other IT services. The services offered by the company include Agile software development, digital commerce and marketing, digital integration, outsourcing product development, platform modernization, professional services, research and development labs, technology consulting, testing, and automation. The company has a portfolio of platforms such as Kellton4media, klame, optima, thrive, and kellton4commerce. The role of Kellton4media is to take care of all the various tasks and functions related to the media organization. The role of the company is to give control over the advertisement publishing, the story filing, and the content editing. The solution is based on the Internet of Things (IoT). The solution is location-based gamification, analytics, and the messaging engine. The solution is called klame. The solution is a digital oilfield analytics platform powered by the Internet of Things. The solution gathers and aggregates data from different sources and provides insights. The company's market capitalization is currently Rs.983,85 crores. Previously last year, the company delivered a return of 94.28%.

10. Saksoft

Saksoft is an Indian-based company that provides industry-specific technology solutions. It is a global digital transformation solution provider for clients. Saksoft's custom-built cloud-based enterprise applications and omnichannel channel solutions enable businesses to have real-time access to the information they need, when they need it, and wherever they need it. Saksoft provides augmented analytics solutions such as Predictive, Prescriptive, and Natural Language Processing (NLP) using AI/ML. The company's verticals include Logistics and Transportation, Fintech, Healthcare, Retail E-commerce, Telecommunications, and the Public Sector. Its digital solutions include Enterprise Applications, Intelligent Automation, Augmented Analytics, and Enterprise Cloud. Its services include Application Services, Managed Services, Testing and Quality Assurance (QA) and Core Data Services. The company's market capitalization is currently around Rs 2871.50 crore. In the past 12 months, the company's share price has increased by 55.67%.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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