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Artificial intelligence has rapidly become a buzzword, which is used by companies around the world that seek to portray themselves at the forefront of cutting-edge technological advancements. Big tech companies and start-ups are creating and growing AI solutions in healthcare, education, financial services, and other domains to alleviate social problems. Stocks in artificial intelligence are not uncommon. These companies are also best to deliver in AI breakthroughs as they invest heavily in research and development. In this article, we talk about the top 10 inexpensive AI stocks to the best returns in November.
Market Capitalization: US$643.609 billion
NVIDIA designs graphics processing units (GPUs) for the gaming and professional markets, along with a system on the chip units for the mobile computing and automotive market. NVIDIA has expanded its presence in the gaming industry with its handheld game consoles, shield android TV, and its cloud gaming service GeForce Now. In addition to this, the company also provides an application-performing interface called CUDA that allows the creation of massive programs.
Market capitalization: US$113.187 billion
IBM is one of the largest tech companies that use advanced technologies like AI and machine learning to produce and sell computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. It is a rising star in the cloud and cognitive software business units.
Market capitalization: US$79.086 billion
Micron Technology offers a wide range of products to use on computers, smartphones, and other devices, including random access memory and flash drives. It is well-known for building solid-state drives (SSDs) that are used for data storage in computers. Since artificial intelligence is powered by machines and machines require memory and data storage capabilities, Micron stocks have been going high as demands for all kinds of technology are growing globally.
Market capitalization: US$640.20
Adobe is a firm that is famous for its industry-favorite applications for graphic designing, photography, illustration, animation, multimedia, and print. Recently, the company has turned its attention towards AI, integrating data-based learning into most of its software systems. With the increased demand for digital content, Adobe's stocks have been sky-rocketing to gain a bullish market position.
Market capitalization: US$29.176 billion
Pinterest is a social media platform that encourages the use of artificial intelligence to sift through the images on a user's interface and tailor them according to their preferences. In 2021, the company has become one of the top technology stocks, as the prices of Pinterest reached new heights. Experts have added that it is one of the best social commerce plays in the market.
Market capitalization: US$183.87 billion
Happiest minds company helps organizations to provide immersive consumer experiences and surpass the market competition by combining augmented intelligence with NLP, image analytics, and video analytics. AR and VR are some of the upcoming technologies that will be provided by Happiest Minds.
Market capitalization: US$9.376 billion
Saksoft assists customers in achieving digital transformation through intelligent decisions, increased efficiency, and productivity, enhanced customer experiences, and service innovation, by leveraging AI and automation technology. The company accelerates transformation by applying intelligent automation to solve various business problems.
Market capitalization: US$5.038 billion
Foot Locker has outperformed several tech stocks in its recovery trajectory post the covid recession. It has hugely benefitted after implementing the latest emerging technologies to understand customer and market demands. The company is a leading global athletic footwear and apparel retailer.
Market capitalization: US$4.65 billion
C3 AI is a provider of enterprise AI software for accelerating digital transformation. The company delivers a range of fully integrated products for developing, deploying, and operating large-scale AI platforms. These applications are designed for AI and machine learning.
Market capitalization: US$1.116 billion
Veritone is an AI company that has created aiWare, an AWS-certified platform offering well-defined cognitive computing to transform and analyze structured and unstructured data for clients in a variety of markets, including media and entertainment, legal, and also the government sector.
