Artificial Intelligence: Top AI Stocks to Watch

Artificial Intelligence, Nvidia, Lemonade, Upstart, ASML, & Weekly Activity.

The AI Revolution

The birth of artificial intelligence dates back to the 1950s, when the famous Alan Turing broke the Nazi's ENIGMA code during WWII. This introduced the Turing Test, a practical test that involves three participants: a computer, a human interrogator, and a human foil. The interrogator attempts to determine, by asking questions of the other two participants, which is the computer. To this day, this remains an important part of the history of artificial intelligence and its evolution.

Alan Turing’s definition would have fallen under the category of “systems that act like humans”; however, the true definition of artificial intelligence is coined by one of the founding fathers of AI, John McCarthy. The Stanford University computer scientist professor defined it as followed:

"It is the science and engineering of making intelligent machines, especially intelligent computer programs. It is related to the similar task of using computers to understand human intelligence, but AI does not have to confine itself to methods that are biologically observable.”

In layman’s terms, artificial intelligence is a field, which combines computer science and robust datasets, to enable problem solving. It also encompasses sub-fields of machine learning and deep learning, which are often mentioned coincidentally with AI. These disciplines are comprised of AI algorithms which create expert systems, making predictions or classifications based on input data.

Today, the hype of AI has reached all-time highs, especially with new technologies emerging & businesses innovating. In this decade, AI has been heavily integrated into our lives. Many of these technologies we use on a daily basis: phones, cars, banking and lending, digital assistants, research, insurance, etc. The fast-changing technological environment is in constant innovation mode, and there are many new, and current, companies that can greatly benefit from its evolution.

Top AI Stocks to Watch

1. Nvidia (NVDA)

Nvidia designs Graphics Processing Units (GPUs), which are specialized computer processors which are extremely efficient at running tasks. Nvidia’s special design makes these computer processors far more efficient than your traditional computer Central Processing Units (CPUs) for algorithms that process substantial blocks of data, such as machine learning and artificial intelligence. Over the past couple decades, Nvidia has become a leader in this field, with CEO Jensen Huang stating that the company’s technology is “now a universal accelerator.”

Nvidia’s GPU-powered architectures are accelerating almost all fields of computation including AI, data science, autonomous vehicles, robotics, augmented and virtual reality, scientific computing, medical imaging, and many others.

Nvidia uses this GPU technology, plus software, algorithms, systems, and services it creates, to accelerate computing in four primary markets: