AYX - 3 Top Artificial Intelligence Stocks to Watch in February
Though artificial intelligence (AI) has been a hot topic among technologists for quite some time, it's only in recent years that semiconductor, software, and cloud capabilities have gotten to the point where companies are now deploying AI on a wider basis.
AI is so powerful because it can help companies on every part of the income statement. It can identify the best leads and better satisfy customers through recommendation engines, helping to boost revenue. AI can also help automate many back office tasks, saving companies on their selling, general, and administrative costs. And perhaps most exciting, AI can also help research and development departments find new solutions or correct flaws in highly technological manufacturing processes, benefiting both research and development as well as costs of goods sold.
February is shaping up to be a crucial month for these three AI leaders across cloud, memory hardware, and software-based analytics. Here's what investors should watch.