Top 3 AI Stocks for 2023: Expert Picks from a Fund Manager with 33% Return
"3 AI Stocks That Are Killing It in 2023: My Top Picks as an AI Expert"
As the chief editor of Mindburst.ai, I've seen quite a few AI stocks come and go. But these three stocks have me more excited than ever. Why? Because they're up 33% so far in 2023, and they're showing no signs of slowing down. Here are my top picks for AI stocks right now.
1. Alphabet Inc. (GOOGL)
You might know Alphabet as the parent company of Google, but there's more to this tech giant than just search engines. In fact, Alphabet's AI capabilities are some of the most impressive in the industry. From Google's self-driving cars to DeepMind's AlphaGo, Alphabet is leading the charge when it comes to AI innovation.
But what really makes Alphabet a great investment is its sheer size and influence. With a market cap of over $1 trillion, Alphabet has the resources and reach to make its AI dreams a reality. And with Google's dominance in the search engine market, Alphabet has a steady stream of revenue to fund its AI initiatives for years to come.
2. NVIDIA Corporation (NVDA)
NVIDIA is a company that's been on my radar for a while now. They're known for their graphics processing units (GPUs), which are essential for AI applications like machine learning and deep learning. But what really sets NVIDIA apart is its focus on vertical integration.
NVIDIA doesn't just make GPUs. They also develop software frameworks, like CUDA and TensorRT, that make it easier for developers to build AI applications. And they're constantly expanding their reach, with recent acquisitions like Mellanox Technologies and ARM Holdings.
With a market cap of over $500 billion, NVIDIA is a force to be reckoned with in the AI industry. And with their continued focus on innovation and integration, I believe they're poised for even more growth in the years to come.
3. Amazon.com, Inc. (AMZN)
Amazon might not be the first company you think of when it comes to AI, but they're quietly building one of the most impressive AI ecosystems out there. From Alexa to Amazon Go, Amazon is using AI to revolutionize everything from voice assistants to shopping.
But what really makes Amazon a great investment is their data. With millions of customers and billions of transactions, Amazon has a treasure trove of data that they can use to improve their AI algorithms. And with their recent acquisition of Whole Foods, Amazon has even more data to work with.
Of course, Amazon is a massive company with a lot of moving parts. But with a market cap of over $1.6 trillion and a proven track record of innovation, I believe Amazon is a safe bet for AI investors.
