Artificial Intelligence stocks to invest in, now suggested by Bank of America.
Artificial Intelligence Set to Transform Stock Market, Experts Predict
Artificial Intelligence (AI) is expected to become a significant theme in the stock market, with experts at Bank of America predicting a surge in AI technologies by 2025. The topic is compared to a new super-market on the stock exchange, offering a wealth of opportunities for investors.
According to the experts, 44% of S&P companies that mentioned 'AI' in their Q2 2024 earnings calls are expected to transition pilot projects into production by 2025. This shift could lead to a boom in AI-related stocks.
Bank of America has created a list of AI stocks that they recommend buying, including some technology and infrastructure leaders such as Nvidia, AMD, Intel, TSMC, Amazon AWS, Microsoft Azure, Google Cloud, Arista Networks, Micron, Broadcom, OpenAI (via Microsoft), Anthropic, DeepMind (Alphabet), Salesforce, Adobe, ServiceNow, Palantir, UiPath, C3.ai, Tesla, Mobileye, and BYD.
Among the companies that Bank of America believes could increase their value through AI implementation are ServiceNow, Synopsys, and Tesla. Thomson Reuters is also a company that could potentially be of interest to AI investors. However, it's important to note that United Airlines, Texas Roadhouse, Welltower, Walmart, and UnitedHealth are not mentioned as AI-related stocks in the article.
The AI Index by BANK OF AMERICA, the winner of the Public Award at the Zertifikate Awards 2023/2024, invests in some of the best AI stocks in the industry. This index could provide a diversified approach for those looking to invest in AI.
Studies suggest that artificial intelligence could increase the global GDP by $15.7 trillion by 2030. This potential growth highlights the long-term benefits of investing in AI stocks, even though the benefits may not be immediately visible.
Investing in AI stocks now could set the stage for future profits. As AI continues to reshape industries and economies, it's essential for investors to stay informed and strategic in their approach to AI-related stocks.
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