EVLV - Top 4 Secret Artificial Intelligence (AI) Stocks You Should Know
2024-05-11 11:20:00 ET
When everyone from your barber to your mailman to your financial advisor is talking about a stock, it's probably time to consider alternatives. This seems to be the case with Nvidia , whose stock has risen an incredible 500% over the past three years. Nvidia is a terrific company and will have a long, prosperous future. But here are four lesser-known artificial intelligence (AI) companies for investors looking to add flavor to their portfolio.
Security at schools, sporting events and concerts, hospitals, and other gatherings is a top priority, given the rise of mass shooting incidents. It's an unfortunate fact of life these days. Traditional security consists of metal detectors and secondary screenings with wands. This model is inefficient for several reasons. Among them are benign objects like keys and wallets setting off the detectors; plus, people must go through them single file, creating huge lines. Evolv Technologies (NASDAQ: EVLV) uses artificial intelligence to create a solution.
Evolv's sensors look similar to metal detectors, but they use AI to detect weapons based on shape and other characteristics. They don't alert for benign metal objects, and multiple people can walk in at once. You may have experienced them and not even realized it. I noticed this technology was in place when I recently saw the Vegas Golden Knights play at T-Mobile Arena. New York City is now testing the tech on subways after a rash of violence. Overall, 800 schools, 300 hospitals, and 40 pro sports teams use Evolv.
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Top 4 "Secret" Artificial Intelligence (AI) Stocks You Should Know