ROBOFUNDSAI stocks are booming in 2024: a quick analysis
In 2024 artificial intelligence (AI) stocks continue to outperform the market, reflecting an upward trend. Although smaller companies may succeed, much suggests that large companies with extensive infrastructure and data capacity will continue to dominate the AI industry.
Robofunds is launching a new AI stock theme in early 2024
AI stocks are booming in 2024:
In 2024 our expectation is that AI stocks focused on the development and deep implementation of artificial intelligence and machine learning (AI / ML) will continue to outperform the market, reflecting an upward trend. Although smaller companies may succeed, much suggests that large companies with extensive infrastructure and data capacity will continue to dominate the AI industry.
Investors should consider investing in leading companies within AI. These resourceful companies offer attractive investment opportunities as AI development progresses.
Here are our 9 good candidates for AI stocks in 2024. These are our subjective picks and are therefore not calculated by our AI systems, but they are often found in the stock theme.
The stock theme can be seen here: Robofunds AI
The overweight is heavily towards the USA (except BAE Systems and RR), so one’s belief in the dollar rate against the Danish krone must be included in one’s risk assessment. We do believe, however, that the USA will be at the very front within AI stocks in the future
Click on the company name to see the historical development.
9 good AI stocks
Nvidia is a pioneer within graphics processing units (GPUs), which are essential for AI. With a market share of around 90% within advanced GPUs, the company is in a strong position. Nvidia is now expanding its business to include AI-based software and services, which is expected to drive growth and profitability.
Microsoft’s AI initiatives, especially within its Azure cloud services, are driving the company’s growth. AI technology is integrated into almost all Microsoft products, which gives the company access to valuable data for improving its AI systems.
Palantir has focused on machine learning and AI since 2003 and has won large contracts, especially within the defence sector. Its recently launched AI Platform (AIP) is rapidly attracting new customers from the private sector. A very exciting AI stock
Amazon’s most profitable segment, Amazon Web Services (AWS), benefits from rising demand for AI services. At the same time, AI is likely to transform the company’s e-commerce business through automation and autonomous delivery.
Alphabet’s extensive software offering and access to large volumes of data give it an advantage within AI. With an attractive valuation, Alphabet appears to be a valuable AI investment.
CrowdStrike uses AI to improve cybersecurity, which is crucial in the fight against rising cyber threats. Its Falcon platform offers advanced, adaptive technologies for protecting networks.
AI-enhanced content feeds and advertising strategies contribute to Meta Platforms’ growth. With an extensive global user base and advanced technological resources, Meta is well positioned to obtain long-term benefits from AI.
BAE Systems , a leading global defence, security and aerospace company, has made significant progress in the application of artificial intelligence. With an extensive history within the development of advanced defence technology, BAE Systems is now at the forefront of integrating AI into both national defence and security systems. The company’s focus on AI ranges from intelligent surveillance systems and advanced cybersecurity to autonomous technology and data analysis for military applications.
Rolls-Royce has extended its technological horizon to include AI-driven solutions. This covers everything from improving engine performance and maintenance processes to developing intelligent systems for energy management and production optimisation.
One of the most notable areas where Rolls-Royce has implemented AI is within its ‘IntelligentEngine’ vision. This concept integrates AI into the heart of aero engines to improve performance, efficiency and reliability. In addition, the company uses AI to improve its manufacturing processes and to offer advanced data analysis services to customers.
Bubble candidates
As bubble candidates we have FICO (Fair Isaac Corporation), VRNS (Varonis Systems) and SPOT (Spotify), which can and to some extent already do exploit AI.
2 bubble candidates within AI stocks
Investing in AI stocks
Putting all your eggs in one basket and buying one or 2 shares within AI stocks greatly increases risk; there are also alternatives in the form of ETFs and investment funds for those who can accept a lower return with less risk. In 2024 Robofunds offers an AI stock theme that normally contains at least 12 shares from 140 listed candidates. Using AI, the optimal weighting is carried out, and rebalancing takes place continuously so that the theme is always kept as optimal and high-performing as possible.
See our stock theme here: Robofunds AI
Click further down to receive an email when, in just a few months, it becomes possible to invest in this stock theme as well as other exciting AI stocks worth investing in.
Newsletter
Sign up to receive news about exciting stocks within artificial intelligence (AI /ML) and the AI stock theme.
You can unsubscribe at any time.
Latest articles
No articles are available in this language yet.