It's impossible to overstate the importance – and profit potential – of the Artificial Intelligence sector right now.
Its applications range from manufacturing and healthcare… from education to travel… even to retail and entertainment.
However, there are few – if any – pure plays in the AI space.
But that shouldn't discourage you from making your move.
Neither should the coronavirus downturn, because this investment trend is here to stay. And right now, you'll be able to get in the best AI stocks at a discount.
Look, all the most valuable tech companies in the world invest heavily in AI. For Amazon, Google, Microsoft, and so many more, it's the only way to stay competitive, whatever the market's doing. And as an investor, that goes for you too…
AI spending will initially focus on these key areas: computer chips, machine learning, cloud-based applications, and robotics.
And to help our readers identify clear-cut winners, we are providing this in-depth guide on how to find the top AI stocks to buy right now.
Here’s how the winners break down by category…
Cloud-Based Applications:
Twilio uses the power of the cloud to connect organizations to their supporters, customers, and engage humanity on a scale never before seen. Their cloud-based APIs are best-in-class because they let developers to build voice, video and messaging features into their apps. It's a a wildly popular, useful, and fast-growing service with a very promising road ahead.
With coronavirus on traders's minds, Twilio's stock has lost some of it's past gains. But the company's future remains as bright as ever. Today's low price is an amazing buying opportunity for you.
Consensus pick: Twilio (NYSE:TWLO)
Processing Chips:
Consensus pick: Intel (NASDAQ:INTC)
Machine Learning:
The global machine learning market is forecast to reach $8.8 billion in 2022, or a CAGR of 44%, according to MarketsandMarkets. Who's going to benefit most? E-commerce leader Amazon has been using machine learning for 20 years to forecast inventory, manage its fulfillment centers, recommend products, and provide better search results. The company has also infused machine learning into its highly profitable Amazon Web Services (AWS) cloud computing service, making these tools available to its customers. Moves like this continue to drive growth at AWS.
And with millions of people working from home and avoiding shopping and eating out, both Amazon's fast deliveries and its cloud computing solutions will benefit.
This temporary downturn may be the last chance to get in on Amazon below $2,000/share.
Consensus Pick: Amazon (AMZN)
Robotics:
Robotics is really a subset of industrial automation, so it doesn't make sense to separate the two in terms of investment. This means that it's highly unlikely that a company with broad-based exposure to industrial automation will be able to avoid a slowdown in the economy – even if its robotics sales are growing.
Given the current coronavirus downturn, and the possibility of weakness in manufacturing, we therefore don't recommend investing in this space right now.
That understood, Rockwell is probably the best way for U.S. investors to get long-term direct exposure to industrial automation, should you wish to do so.
Consensus Pick: Rockwell Automation (NYSE:ROK)
Long-Term Pick:
Google (Alphabet) is the clear winner here. AI is their bread and butter. Best of all, it's a pick for the long run – Google reigns supreme when it comes to identifying up-and-coming threats and promising challengers, then eliminating the existential threat by buying them up.
And no downturn or epidemic is going to change that. Google is here to stay – but investing now let's you take advantage of a temporary discount!
Consensus Pick: Alphabet (NASDAQ:GOOG)
