"The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone."
-- Microsoft co-founder Bill Gates
Once a decade or so, a new technology comes along that reshapes the world in which we live. Artificial intelligence (AI) has the potential to be that new technology. AI is already beginning to change the way people work and play. It's predicted that this revolutionary technology will disrupt trillion-dollar industries and create entirely new ones.
Investors who can identify the companies best positioned to profit from this megatrend stand to earn a fortune. To help you stake your claim, here are three stocks that could soar in the coming era of AI.
As recently as a few months ago, analysts viewed generative AI as a serious threat to Adobe's (ADBE 1.50%) business. But after the creative software provider unveiled some intriguing AI-fueled products and services, more investors started to see the cutting-edge technology as a potentially powerful driver of new growth for the company.
In March, Adobe launched Firefly, a suite of generative AI tools designed to enable users of all skill levels to produce high-quality images quickly and easily via text prompts. Adobe is integrating the tech into its popular Photoshop software, so customers can use these new AI features within their existing workflows. Notably, Adobe will train its AI model on licensed or public-domain images to be safe for commercial use.
Adobe also strengthened its partnership with semiconductor giant Nvidia. The two companies will work together to develop a new generation of advanced generative AI models geared toward the creator economy. Adobe intends to make the models accessible through Photoshop and several of its other products and services.
These new AI upgrades could broaden Adobe's customer base, boost its client retention rates, and allow it to charge higher prices for its offerings. All of this should help to drive the software leader's sales and profits higher in the coming years.
Like Adobe, Salesforce (CRM -1.50%) wants to be a player in the booming artificial intelligence market. The cloud software titan wants to help its corporate clients better connect with their customers via a combination of AI, data analytics, and relationship management solutions.
Just days ago, Salesforce introduced its AI Cloud, a suite of generative AI tools geared toward the enterprise market. Salesforce wants to serve as a centralized dashboard from which its customers can access nearly all their AI services. AI cloud will integrate with the company's popular offerings, including data visualization software Tableau, automation platform MuleSoft, and messaging network Slack.
AI Cloud will also offer access to a host of AI models, including those developed by Salesforce, Amazon, and tech start-ups Anthropic and Cohere, among others. Importantly, AI Cloud is designed to enable companies to access the enormous benefits of generative AI while satisfying their data privacy, cybersecurity, and regulatory requirements.
Additionally, Salesforce boosted its AI-focused venture fund to $500 million. The fund could help the cloud giant get a head start in identifying promising AI investments, as well as potential takeover targets to fuel its growth-through-acquisition strategy.
Although AI promises a wide array of potential benefits, it also poses some serious risks. For example, the technology could be used by hackers to conduct more advanced cyberattacks. Fortunately, CrowdStrike (CRWD -1.48%) excels at helping companies and government agencies protect their increasingly vital cloud networks.
CrowdStrike uses AI to bolster its ability to predict, detect, and defend against threats. It recently debuted Charlotte AI, an innovative cybersecurity tool that combines generative AI with human feedback to provide advanced threat protection, faster incident response times, and automated remediation. CrowdStrike is working with Amazon Web Services to accelerate the development of Charlotte AI and other AI-powered cloud security applications.
In turn, customers are flocking to CrowdStrike's cloud security platform. The cyber protection specialist's client base soared by 41% to over 23,000 in its 2023 fiscal year, which ended on Jan. 31.
Moreover, each new customer who joins the cyber guardian's network increases its data collection capabilities -- and makes its AI smarter. Every new user thus makes CrowdStrike's network more valuable to all other users. These beneficial network effects should continue to fuel the cybersecurity leader's growth.
Increasingly sophisticated cyberattacks are boosting demand for digital defenses that can thwart them. The global cybersecurity market is forecast to exceed $130 billion by the end of the decade, up from less than $15 billion in 2022, according to Acumen Research. With roughly $2.4 billion in trailing-12-month revenue, CrowdStrike has a long runway for expansion still ahead.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fools board of directors. Joe Tenebruso has the following options: long January 2025 $100 calls on Amazon.com. The Motley Fool has positions in and recommends Adobe, Amazon.com, CrowdStrike, Microsoft, Nvidia, and Salesforce. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
Go here to see the original:
3 Top AI Stocks to Buy Right Now - The Motley Fool
- Shell to use new AI technology in deep sea oil exploration - Reuters [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Tom Hanks: I could appear in movies after death with AI technology - BBC [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Why C3.ai, Palantir, and Other AI Stocks Soared This Week - The Motley Fool [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- How to do the AI Webtoon filter going viral on TikTok - Dexerto [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- AI poses risk to humanity, according to majority of Americans in new poll - Ars Technica [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- New AI tool predicts Parkinson's disease with 96% accuracy -- 15 ... - Study Finds [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- AI is in a 'baby bubble.' Here's what could burst it. - Markets Insider [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Rise of the machines: how long before AI steals my job? - Mexico News Daily [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Amazon is focusing on using A.I. to get stuff delivered to you faster - CNBC [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Beijing calls on cloud providers to support AI firms - TechCrunch [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- AI at warp speed: disruption, innovation, and whats at stake - Economic Times [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- How a family is using AI to plan a trip around the world - Business Insider [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Prompt Injection: An AI-Targeted Attack - Hackaday [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- WHO calls for safe and ethical AI for health - World Health Organization [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Azeem on AI: Where Will the Jobs Come from After AI? - HBR.org Daily [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- AI runs amok in 1st trailer for director Gareth Edwards' 'The Creator ... - Space.com [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- From railroads to AI: Why new tech is often demonised - The Indian Express [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- How Generative AI Changes Organizational Culture - HBR.org Daily [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Google plans to use new A.I. models for ads and to help YouTube creators, sources say - CNBC [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- A.I. and sharing economy: UBER, DASH can boost profits investing ... - CNBC [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- A Wharton professor says AI is like an 'intern' who 'lies a little bit' to make their bosses happy - Yahoo Finance [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- CNET Published AI-Generated Stories. Then Its Staff Pushed Back - WIRED [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- AI-Driven Robots Have Started Changing Tires In The U.S. In Half The Time As Humans - CarScoops [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Elections in UK and US at risk from AI-driven disinformation, say experts - The Guardian [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Here's What AI Thinks an Illinoisan Looks Like And Apparently, Real Illinoisans Agree - NBC Chicago [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- We Put Google's New AI Writing Assistant to the Test - WIRED [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- 'Heart wrenching': AI expert details dangers of deepfakes and tools to detect manipulated content - Fox News [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- From Amazon to Wendy's, how 4 companies plan to incorporate AIand how you may interact with it - CNBC [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- Meta Made Its AI Tech Open-Source. Rivals Say Its a Risky Decision. - The New York Times [Last Updated On: May 21st, 2023] [Originally Added On: May 21st, 2023]
- For chemists, the AI revolution has yet to happen - Nature.com [Last Updated On: May 23rd, 2023] [Originally Added On: May 23rd, 2023]
- G7 calls for adoption of international technical standards for AI - Reuters [Last Updated On: May 23rd, 2023] [Originally Added On: May 23rd, 2023]
- Bloomsbury admits using AI-generated artwork for Sarah J Maas novel - The Guardian [Last Updated On: May 23rd, 2023] [Originally Added On: May 23rd, 2023]
- New AI research lets you click and drag images to manipulate them ... - The Verge [Last Updated On: May 23rd, 2023] [Originally Added On: May 23rd, 2023]
- France makes high-profile push to be the A.I. hub of Europe setting up challenge to U.S., China - CNBC [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- German tabloid Bild cuts 200 jobs and says some roles will be replaced by AI - The Guardian [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- How Christopher Nolan Learned to Stop Worrying and Love AI - WIRED [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- OpenAI plans app store for AI software, The Information reports - Reuters.com [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- A.I. could remove all human touchpoints in supply chains. Heres what that means - CNBC [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Cision Announces Code of Ethics for AI Development and Support ... - PR Newswire [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- AI Stock Price Prediction: Is C3.ai Really Worth $16? - InvestorPlace [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Is Applied Digital (APLD) Stock the Next Big AI Play? - InvestorPlace [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- 2 Cloud Stocks to Ride the AI Opportunity - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Digital health funding this week: Outbound AI, Aledade, Dexcare - Modern Healthcare [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- The AI Tool That Beat Out Top Wall Street Analysts - InvestorPlace [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Replacing news editors with AI is a worry for misinformation, bias ... - The Conversation [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- In new AI hype frenzy, tech is applying the label to everything now - Axios [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- How AI like ChatGPT could be used to spark a pandemic - Vox.com [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- 70% of Companies Will Use AI by 2030 -- These 2 Stocks Have a ... - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Why C3.ai Stock Crashed by 10% on Friday - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- YouTube integrates AI-powered dubbing tool - TechCrunch [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- AINsight: Now Everywhere, Can AI Improve Aviation Safety? - Aviation International News [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- What is 'ethical AI' and how can companies achieve it? - The Ohio State University News [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- US to launch working group on generative AI, address its risks - Reuters.com [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Amazon Wants to Teach Its Cloud Customers About AI, and It's Yet ... - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- HIMSSCast: When AI is involved in decision making, how does man ... - Healthcare IT News [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- How AI could transform the legal industry for the better - Marketplace [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Neuroscience, Artificial Intelligence, and Our Fears: A Journey of ... - Neuroscience News [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Why SoundHound AI Stock Was Making So Much Noise This Week - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Advertisers should beware being too creative with AI - Financial Times [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- 1 AI Stock That Could Take You to Easy Street -- and 1 That Could ... - The Motley Fool [Last Updated On: June 23rd, 2023] [Originally Added On: June 23rd, 2023]
- Generative AI To Wearable Plant Sensors: New Report Lists Top 10 Emerging Tech Of 2023 - NDTV [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Researchers use AI to help save a woodpecker species in decline - MPR News [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- OceanGate fires a whistleblower, hackers threaten to leak Reddit data, and Marvel embraces AI art - TechCrunch [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- As AI Spreads, Experts Predict the Best and Worst Changes in ... - Pew Research Center [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- 9 AI-powered tools for empowering CFOs unveiled at Health Magazine round table - Gulf News [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Translating Japanese, finding rap rhymes: How these young Toronto-area workers are using AI - Toronto Star [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Artificial Intelligence in Asset Management Market to grow by USD 10,373.18 million from 2022 to 2027, Growing adoption of cloud-based artificial... [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- 5 Stocks Well-Positioned to Reap Rewards of AI: Morgan Stanley - Business Insider [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- ChatGPT-maker OpenAI planning to launch marketplace for AI applications - Business Today [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- AI watch: from Wimbledon to job losses in journalism - The Guardian [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google - CNBC [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Bets on A.I. and innovation help this tech-focused T. Rowe Price ... - CNBC [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Generation AI: It is Indias time to play chief disruptor | Mint - Mint [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- The Next Token of Progress: 4 Unlocks on the Generative AI Horizon - Andreessen Horowitz [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- MongoDB Embraces AI & Reduces Developer Friction With New Features - Forbes [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- Why smart AI regulation is vital for innovation and US leadership - TechCrunch [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- WEDNESDAY: West Seattle facilitator hosting 'civic conversation ... - West Seattle Blog [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- A.I. has a discrimination problem. In banking, the consequences can be severe - CNBC [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- AI Consciousness: An Exploration of Possibility, Theoretical ... - Unite.AI [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]
- This week in AI: Big tech bets billions on machine learning tools - TechCrunch [Last Updated On: June 26th, 2023] [Originally Added On: June 26th, 2023]