Top 10 AI Stocks to Buy in March 2023

Top 10 AI Stocks to Buy in March 2023

The top 10 AI stocks to buy in march 2023 the global artificial intelligence market is anticipated to expand

The top 10 AI stocks to buy in march 2023 the global artificial intelligence market is anticipated to expand significantly. increased demand for technology across various industries Because of increased demand for technology across various industries, the global artificial intelligence market is anticipated to expand significantly.

spending in the creation and enhancement of artificial intelligence apps. These companies are also working to increase access to AI technology, which is anticipated to drive the AI stocks in March 2023 market's development during the projection period.

1. Microsoft Corporation: The AI-powered Bing for the telecom's app Skype was unveiled by the business. Starting with the Q2 low, EPS growth is anticipated to increase in each of the next five quarters. This is due to fewer comparisons, higher prices, lower foreign currency headwinds, and slower running costs. Following the refinement of its cloud and general bottom-up gross margin models, the company thinks that meeting Q3 goals is feasible.

2. e-commerce, cloud computing, internet ads, digital streaming, and artificial intelligence are among the topics covered. Amazon Web Services (AWS) provides the most comprehensive set of machine learning and artificial intelligence services to suit business requirements. The business posted Q4 revenue of $149.2 billion, an 8.6% increase year on year, exceeding Wall Street expectations by $3.43 billion.

3. Meta Platforms: Meta Certified, which was introduced for both Instagram and Facebook on February 19th. Meta Platforms, Inc., according to BofA, can hit 12 million subscribers by the end of the year 2023 or early 2024. Despite some limitations, BofA thinks Meta will outperform its rivals in terms of subscriber growth due to its bigger audience reach and higher income possibilities for creators.

4. NVIDIA Corporation: NVIDIA Corporation shares were raised to $300 from $245 after the business announced better-than-expected results for the January quarter.

5. Accenture plc: Despite having a favorable view of the company's platform and services, Jeff Cantwell, an analyst at Wells Fargo, gave Accenture plc an Equal Weight recommendation with a price objective of $289 on January 30.

6. Intel Corporation: Morgan Stanley analyst upgraded Intel Corporation from Underweight to Equal Weight, with a price objective of $28, down from $29.50. Despite the stock's material underperformance in late 2022 and year to date, as well as the negative effect of the dividend reduction, the company believes that the current share levels present a balanced risk-reward scenario.

7. International Business Machines Corporation: International Business Machines Corporation announced a quarterly dividend of $1.65 per share on January 31, the same as in prior years. The reward will be paid on March 10 to stockholders who registered on February 10. It is one of the top artificial intelligence companies for 2023.

8. Baidu: Baidu, Inc reported Q4 non-GAAP EPADS of $2.21 on February 22, topping market expectations by $0.16. Revenue of $4.8 billion exceeded expectations by $170 million. The free cash flow was $859 million, while the free cash flow excluding iQIYI was $736 million.

9. SentinelOne: On February 21, Wells Fargo analyst Andrew Nowinski downgraded SentinelOne, Inc. from Overweight to Equal Weight and assigned a price objective of $18.

10. EPAM Systems: Barclays maintained an Overweight rating on EPAM Systems, Inc. on February 21, but reduced the firm's price objective to $380 from $400 ahead of the Q4 earnings release.

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