What are the Best AI Stocks to Invest in?

In 2024, AI stocks are seeing substantial growth as companies across sectors leverage AI for innovation and efficiency. Key stocks stand out for their performance and potential within the AI landscape, offering a range of investment opportunities from established giants to promising newcomers.

1. NVIDIA Corp (NVDA)
With a performance growth of 221.71%, NVIDIA remains a leader in AI, providing high-performance GPUs critical for AI computations. Originally known for its contributions to gaming, NVIDIA has become central to AI infrastructure, supporting applications in everything from data centers to autonomous vehicles. NVIDIA is ideal for investors focused on foundational AI technology.

2. SoundHound AI Inc. (SOUN)
Growing by 231.59%, SoundHound AI specializes in voice-based AI technology, working with industries like automotive, hospitality, and retail. Partnerships with major brands like Hyundai highlight its expanding influence. SoundHound presents a compelling choice for those interested in sector-specific AI solutions.

3. Procept BioRobotics Corp (PRCT)
With a growth rate of 187.29%, Procept BioRobotics focuses on AI-driven medical robotics, particularly for urological procedures. Its innovative Aquablation therapy, an AI-based, minimally invasive solution, places it as a strong option within healthcare AI, appealing to investors interested in med-tech advancements.

4. Pegasystems Inc. (PEGA)
Pegasystems, up by 88.70%, provides AI-driven process automation for industries like finance and healthcare. Its focus on improving operational efficiency makes it attractive to investors looking for AI applications that directly impact enterprise productivity.

5. Upstart Holdings Inc. (UPST)
Upstart has seen an 85.92% increase, using AI to transform financial services, especially in credit and lending. For those interested in fintech, Upstart’s use of AI for more accurate credit assessments offers a way to tap into financial sector innovation.

6. Intuitive Surgical Inc. (ISRG)
Intuitive Surgical’s robotic-assisted surgical systems have seen 85.65% growth. As AI reshapes healthcare, Intuitive’s established market presence makes it a reliable choice for investing in AI-driven precision in surgery.

7. AeroVironment Inc. (AVAV)
Growing by 82.56%, AeroVironment develops unmanned aerial vehicles, valuable in defense and logistics. As automation advances, AeroVironment’s focus on intelligent UAVs positions it well for future growth in AI-driven automation.

Investing in AI: Considerations

For those looking to diversify, AI ETFs provide broad exposure to this high-potential sector, balancing individual stock volatility. Consulting a financial advisor may also be beneficial, as the rapid pace of AI innovation presents both opportunities and risks.

AI stocks present a unique investment pathway into transformative technology. Whether through individual stocks or ETFs, the sector offers a way for investors to participate in a key trend that is shaping industries globally.