2023-10-22 07:19:00 ET
Many companies in big tech are becoming synonymous with artificial intelligence (AI). Earlier this year Microsoft doubled down on its investment in OpenAI , the operation behind ChatGPT. Unsurprisingly, both Alphabet and Amazon swiftly followed by each investing large sums into a competitor called Anthropic .
Although these technology behemoths are paving the way for widespread adoption of generative AI and large language models (LLMs), there are plenty of other lesser-known opportunities in the market. In fact, Ark Invest CEO Cathie Wood has been recently buying shares in three names that I think are massively underrated in the AI atmosphere. Let's take a look at each stock and assess if the opportunities look appealing.
Twilio (NYSE: TWLO) acts as a communications application programming interface (API) used by over 300,000 customers. If you have ever ordered a ride on Uber or food through DoorDash , then chances are you've used Twilio's technology via the texting and phone call capabilities each app provides.
For further details see:
Hidden Gems: 3 Stealthy AI Stocks Quietly Conquering the 2023 Market