Did you know you can invest in AI stocks just like regular ones? AI is an emerging field, slowly realizing its full potential across industries. All the recent advancements have made AI stocks increasingly desirable options for investors.
In this blog, we will present some of the top AI companies with potential for growth that offer stock opportunities. So let’s get right down to it and explore!
Below is a list of 10 Artificial Intelligence Stocks You Can Purchase in Canada, along with their prices and potential investments.
1. NVIDIA Corporation (NVDA)
in Canada is one of the main players in AI stocks. Any techie should know about NVIDIA’s groundbreaking innovations and breakthrough developments – especially their GPUs which many organizations rely on to perform complex AI tasks.
History shows that NIVIDA has made significant contributions to the self-driving car sector with their GPUs capable of performing deep machine-learning tasks and computer vision capabilities. All this makes NVDA one of the more compelling stocks on the market.
2. Alphabet Inc (GOOGL)
Most people know of Google, but are you aware that Alphabet Inc, its subsidiary company, has become one of the most dynamic companies using AI? Their journey started back when they acquired DeepMind Technologies back in 2014.
DeepMind was already engaged in research and development of machine learning when Alphabet acquired it, giving it an advantage and leading edge in AI. Alongside technological considerations, its focus has also included improving social wellness via algorithm creation as well as protecting privacy.
3. Amazon (AMZN)
Canadians considering investing in artificial intelligence stocks should also consider Amazon as an option. Their various AI-enabled platforms, including their shopping app Alexa and affiliate marketing strategies offer customers personalized recommendations tailored specifically for them by machine learning algorithms.
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Microsoft Incorporated (MSFT)
Microsoft stands out as the premier AI competitor on the market, continually revolutionizing it with their software and products such as Cortana and Azure. They’ve even made headlines recently for supporting AI startups and talented small businessmen.
MSFT stands out by adhering to ethical AI, guaranteeing user trust while upholding complete confidentiality. Therefore, before making an investing decision make sure to check MSFT stock.
5. International Business Machine Corporation (IBM)
IBM has made significant strides forward with Artificial intelligence research and development, excelling across areas like finance, health, cybersecurity and more.
Do you know about IBM Watson Platform? It is a software which employs machine learning and natural language processing techniques to analyze large volumes of data. In addition, IBM also utilizes special chips designed specifically to handle AI workload. Naturally, one factor when selecting AI stocks should include performance and technological capability – an area in which IBM excels.
Apple Incorporated (AAPL)
Apple Inc is pushing AI forward at an unprecedented level. They constantly innovate their products and services with AI being integrated in various aspects of life from Siri voice control services to facial recognition features on iPhones.
MLP Turi and Xnor.ai were strategic acquisitions by Apple Inc, with investments and growth made in augmented reality technology being one of the core focus areas. Their mission is now to bring this into everyday lives of users – something which AAPL stock should do no wrong in doing in future investments. Do your homework and consider such worthy ones to invest in now.
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Intel Corporation (INTC)
Intel is an iconic brand name when it comes to computer processors. Over time, they have made great strides in adopting AI into their processing chipsets – notably their Nervana Neural Network Processor which helps reduce workload while offering efficiency and performance advantages.
INTC recently acquired driving tech company “Mobileye”. Through their open source collaborations and support of multiple start-ups and tech companies, INTC offers many a large platform. INTC represents an excellent long-term investment option for new investors.
8. UiPath Inc. (PATH)
You might not recognize UiPath Inc. but they are an innovative tech company making headlines for their creative ways as they utilize robots in business operations. An RPA technology exists which helps automate heavy tasks and ensure smooth business operations.
PATH achieved their greatest milestone when they listed on NYSE in 2021 through an initial public offering (IPO), which proved highly beneficial. According to reports by Grand View Research, RPA market could grow up to be worth $16.1Mn by 2027 – so only time will tell whether PATH stocks prove profitable or bring about robotic catastrophe!
9. C3.ai Incorporated (AI)
Canada-based C3.ai Inc is another great AI stock option to consider if you’re searching for artificial intelligence stocks. They specialize in developing applications that utilize large amounts of data to make decisions based on this information, with technology applicable across a range of business sectors including financial, health and insurance services.
Traditional industries that seek help through digital transformation typically experience inefficiencies in business processes and user experience; to meet this need they provide advanced analytics for data extraction.
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10. Kinaxis (KSX) Kinaxis of Ottawa, Canada, offers SaaS platforms for SCM. As with many companies that deal with large volumes of data, cloud-based platforms are an effective solution.
They have developed a system to dissect massive data sets into actionable insights and notify respective users when issues arise in supply chains, often incurring heavy losses as companies attempt to recover.
KSX stocks offer another viable investment option in today’s economic climate and may lead to sustainable growth.
Artificial Intelligence Stocks in Canada: Should You Purchase? Artificial intelligence stocks offer many of the same opportunities and rewards as regular stocks. With constant innovations and advancements coming out every day, investing in AI is sure to pay dividends in terms of both financial gain and advancement for service sectors alike.
Investment in AI stocks will likely become very profitable in the coming years, making this an appealing long-term prospect. You might also check out some other popular Canadian investments.
Disclaimer: Trading and investing involve significant risk. This site serves solely for informational purposes and should not be taken as professional advice in any form. Please conduct thorough research and consult a financial professional prior to investing in any asset classes listed here.
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