How smart is it to trade artificial intelligence stocks?
Artificial intelligence (AI) is becoming more and more a part of our lives…
The U.S. economy is evolving at an unprecedented pace. Companies that fail to innovate disappear, and companies like those in the FANG group step in to replace them.
Unlike the tech stocks from the dot-com bubble, these companies have plenty of room to expand and innovate. Several of them are investing in AI.
AI doesn’t have the best reputation — pop culture often portrays it as the enemy. Let me assure you … In its current form, artificial intelligence can’t take over the world.
But, yeah, these companies can make for smart trades — if you do your research. Here’s what to watch in 2024…
Table of Contents
- 1 Artificial Intelligence Stocks’ Performance in 2024
- 2 What to Expect From Artificial Intelligence Stocks
- 3 Top Artificial Intelligence Stocks to Watch in 2024
- 3.1 #1 NVIDIA Corp. (NASDAQ: NVDA) — The AI Sector Leader Stock
- 3.2 #2 Super Micro Computer Inc (NASDAQ: SMCI) — The Volatile Mega-Cap Stock That’s Set For Earnings
- 3.3 #3 Microsoft Corp. (NASDAQ: MSFT) — The ChatGPT Partnership AI Stock
- 3.4 #4 Alphabet Inc. (NASDAQ: GOOG) — The Bard Chatbot AI Stock
- 3.5 #5 Apple Inc. (NASDAQ: AAPL) — The AI Giant in Waiting
- 3.6 #6 Meta Platforms Inc. (NASDAQ: META) — The Underestimated AI Mega-Cap Stock
- 3.7 #7 Baidu Inc. (NASDAQ: BIDU) — The Google of China
- 4 Artificial Intelligence Stocks Under $10 To Watch
- 5 Artificial Intelligence Stocks Under $5 To Watch in 2024
- 5.1 #10 Parazero Technologies Ltd (NASDAQ: PRZO) — My 40% Birthday Drone Safety Penny Stock Winner
- 5.2 #11 WiSA Technologies (NASDAQ: WISA) — The Wireless Sound Penny Stock With Partnership News
- 5.3 #12 MicroCloud Hologram Inc (NASDAQ: HOLO) — The Meme Stock With an AI Pump in its Past
- 5.4 #13 Rent the Runway (NASDAQ: RENT) — The AI-Powered Fashion Stock
- 6 AI Stocks Under $5
- 7 2 Artificial Intelligence Stocks in India to Watch in 2024
- 8 Top 2 Artificial Intelligence Stocks in Canada to Watch in 2024
- 9 Why Should You Trade AI Stocks?
- 10 Conclusion: Will You Watch Artificial Intelligence Stocks in 2024?
- 11 Frequently Asked Questions About Artificial Intelligence Stocks
- 11.1 What Are Artificial Intelligence Stocks?
- 11.2 What Is the Best Stock for Artificial Intelligence?
- 11.3 What Are the Best Artificial Intelligence Stocks for Self-Driving Cars?
- 11.4 Are AI Stocks Good To Trade?
- 11.5 How Do I Invest in Artificial Intelligence?
- 11.6 What AI Company Is Elon Musk Investing In?
- 11.7 What Determines the Market Cap of AI Penny Stocks?
Artificial Intelligence Stocks’ Performance in 2024
Artificial intelligence stocks have been the hottest stock market sector in 2024.
A lot of companies, big and small, have been integrating AI software into their businesses. Automation is huge. And intelligent analysis of consumer data helps companies be more efficient.
These productive technologies are made possible by advancements in artificial intelligence.
And as AI technology advances, artificial intelligence products will become less expensive. That means more companies could use the technology.
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What to Expect From Artificial Intelligence Stocks
I think we’re only seeing the beginning of a massive AI revolution. As AI technology improves, more companies will start using it on a massive scale.
In 2024, AI could become an even bigger part of our everyday lives. It’s likely that more companies will adopt AI-powered tools and technology. And that can mean even more growth in this industry. The impressive gains and growth of many tech stocks can reflect that.
I’ll be the first to warn you: AI stocks can be risky. They don’t move slowly like blue-chip stocks.
If we’re talking about artificial intelligence penny stocks, the risks are even higher. But I love to take advantage of penny stock volatility. And with the right risk management strategy, artificial intelligence penny stocks could provide great trading opportunities.
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Top Artificial Intelligence Stocks to Watch in 2024
My AI stock picks for 2024 are:
- NASDAQ: NVDA — NVIDIA Corp. — The AI Sector Leader Stock
- NASDAQ: SMCI — Super Micro Computer Inc — The Volatile Mega-Cap Stock That’s Set For Earnings
- NASDAQ: MSFT — Microsoft Corp. — The ChatGPT Partnership AI Stock
- NASDAQ: GOOG — Alphabet Inc. — The Bard Chatbot AI Stock
- NASDAQ: AAPL — Apple Inc. — The AI Giant in Waiting
- NASDAQ: META — Meta Platforms Inc. — The Underestimated AI Mega-Cap Stock
- NASDAQ: BIDU — Baidu Inc. — The Google of China
- NASDAQ: APLD — Applied Digital Corp — The AI Cloud Services Stock
- NASDAQ: AAOI — Applied Optoelectronics Inc. — The Microsoft Partnership AI Stock
- NASDAQ: PRZO — Parazero Technologies Ltd — My 40% Birthday Drone Safety Penny Stock Winner
- NASDAQ: WISA — WiSA Technologies — The Wireless Sound Penny Stock With Partnership News
- NASDAQ: HOLO — MicroCloud Hologram Inc — The Meme Stock With an AI Pump in its Past
- NASDAQ: RENT — Rent the Runway — The AI-Powered Fashion Stock
- NASDAQ: INOD — Innodata Inc. — The AI Stock Grinder
- NASDAQ: MARK — Remark Holdings Inc. — The Reverse Split AI Penny Stock
- NASDAQ: OTEX — Open Text Corp — The Information Management AI Stock
- NYSE: BB — BlackBerry Ltd. — The AI Cybersecurity Stock on the Verge of a Buyout
Artificial intelligence companies aren’t all the same. They tend to work on different versions of AI and target different sectors.
Picking AI stocks can be difficult — few publicly traded companies solely focus on AI. The industry is still in its early stages.
Here are a few artificial intelligence stocks to watch in 2024 … Note that I’m watching these stocks. There’s no guarantee any of them will offer a trading opportunity.
For more tips on how to build and maintain a watchlist, check out this post.
Want to know which stocks I’m watching each week? Subscribe to my no-cost weekly watchlist. I’ll send my picks right to your inbox each week.
#1 NVIDIA Corp. (NASDAQ: NVDA) — The AI Sector Leader Stock
My first AI stock pick is NVIDIA Corp. (NASDAQ: NVDA).
NVDA has been one of the best performing AI stocks since the sector launched in 2023. Since the start of 2023, it’s up about 550% …
Unlike some of the other AI stocks out there, it’s held onto its gains.
It’s currently the leading supplier of graphics cards for computer gaming and AI systems. Its chips specialize in the deep-learning category of AI. That’s key to the entire artificial intelligence process.
Other companies have used NVDA chips to analyze large sets of data to train their models. These systems analyze old data to find patterns that can be applied to new data as it enters the system. (Kinda like smart traders do with the markets.)
Overall, NVDA is a well-positioned company. Many of the companies below use NVDA graphics cards.
#2 Super Micro Computer Inc (NASDAQ: SMCI) — The Volatile Mega-Cap Stock That’s Set For Earnings
My second AI stock pick is Super Micro Computer Inc (NASDAQ: SMCI).
On March 5 we learned that SMCI would join the S&P 500 this year.
That’s BIG news for a mega-cap stock.
Now, we usually trade low-priced stocks because:
- We can load up on shares.
- The low price helps the stock spike higher from a percentage perspective.
Higher priced stocks like SMCI aren’t known to surge like volatile penny stocks.
But the AI and tech sectors are so hot in 2024, we’re seeing some INSANE moves from big stocks. SMCI and NVDA are great examples.
Right now I’m watching SMCI because the chart looks a lot like a penny stock.
And in a lot of ways, SMCI acts as a tech sector leader. We can gain insight on tech trade opportunities in our low-price niche by watching setups like SMCI.
In 2024, prices spiked 330%* despite starting the year above $250 per share.
Look at the insane move so far this year. On the chart below, every candle represents one trading day:
I know that this runner is out of bounds for most small-account traders.
But … When large-cap stocks behave like volatile penny stocks, we can trade them for lower prices using options.
Now, at the mention of “options” a lot of traders shy away. But it’s not as confusing as you might think.
An option is a contract that gives you the right to buy or sell shares of a stock.
So, theoretically: If you think SMCI is going to trade higher in the future, you could buy a contract and then sell it after SMCI spikes without actually buying any shares of SMCI.
The value of the contract is what we’re trading, not the actual stock.
It’s easier said than done, but there IS a process for profits.For example, Ben Sturgill is a renowned options trader with verifiable profits. Take a look at his process.
There are so many opportunities to profit in this 2024 market.
Pick a strategy that makes sense to you and hit the ground running!
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#3 Microsoft Corp. (NASDAQ: MSFT) — The ChatGPT Partnership AI Stock
My third AI stock pick is Microsoft Corp. (NASDAQ: MSFT).
Early in 2023, MSFT announced a partnership with ChatGPT-maker OpenAI. MSFT soon brought the hottest property in AI to its Bing browser.
It’s gained more than 75% since then — that’s awesome for one of the most valuable stocks in the world!
This isn’t MSFT’s first foray into AI. In 2017, MSFT acquired Canadian AI company Maluuba. Then in 2018, it acquired two more AI companies.
MSFT belongs on your radar — even if it’s just to trade sympathy plays like Applied Optoelectronics Inc (NASDAQ: AAOI), an AI stock that’s up 600% since partnering with MSFT in mid-2023.
#4 Alphabet Inc. (NASDAQ: GOOG) — The Bard Chatbot AI Stock
My fourth AI stock pick is Alphabet Inc. (NASDAQ: GOOG).
Like Microsoft, Alphabet (Google’s parent company) started its AI endeavors by acquiring smaller, nonpublic AI companies. And so far, it’s acquired more of these companies than any other tech firm.
After Microsoft announced its Bing chatbot, Google rushed its own chatbot, Bard. Bard wasn’t nearly as polished as ChatGPT.
Its new chatbot, Gemini, is worlds better. Gemini shows that Google is a big-time player in the AI chatbot space.
What’s more — GOOG has managed to hold onto those gains. Its chart is one of the cleanest stair stepper patterns you’ll see in a real stock.
Check out this stair stepper breakdown here.
And GOOG owns several companies in the automated driving space that could benefit from breakthroughs in artificial intelligence.
#5 Apple Inc. (NASDAQ: AAPL) — The AI Giant in Waiting
My fifth AI stock pick is Apple Inc. (NASDAQ: AAPL).
AAPL is the largest company in the world by market capitalization. The company’s focus on AI has been primarily for its consumer devices — the goal is to improve the user experience. Most of its new devices have special chips to power the complicated AI engine.
In 2023, Apple CEO Tim Cook announced a big move into the AI space. In 2024, SIRI is promising to finally get smart.
It hasn’t made any moves as notable as Microsoft or Google. But Apple has a habit of holding its cards close to its vest.
To date, the company has sold over one billion iPhones … That means AAPL has the potential to put AI into the hands of over one billion people. That can have a worldwide impact.
#6 Meta Platforms Inc. (NASDAQ: META) — The Underestimated AI Mega-Cap Stock
My sixth AI stock pick is Meta Platforms Inc. (NASDAQ: META).
META had a rough 2022. But it hasn’t gotten enough credit for the strides it’s made in 2023 and 2024.
Since it started climbing at the end of 2022, META gained nearly 500%! According to an increasing number of analysts, there’s even more room to grow.
The company’s a cash-flow machine — so much so that it recently started to offer a robust dividend. There are no signs that its ad revenue will slow down. Its increased AI capacities are only increasing profitability, by helping to better target ads.
What’s more — UBS analysts estimate that a Facebook chatbot alone could add $7.5 billion in annual revenue.
#7 Baidu Inc. (NASDAQ: BIDU) — The Google of China
My seventh AI stock pick is Baidu Inc. (NASDAQ: BIDU).
BIDU is called the ‘Google of China.’ The companies have similar business models and help consumers navigate the internet. Like Alphabet, BIDU is heavily investing in AI because of the technology’s ability to improve its search engine.
China has a more competitive search engine market than the U.S., and Baidu believes AI can give its product a competitive advantage.
Artificial Intelligence Stocks Under $10 To Watch
It’s good to see what’s going on at the upper end of the market. That’s where the big money is. But that doesn’t mean there aren’t smaller companies looking to leverage AI in their operations.
As artificial intelligence continues to grow and more corporations use it in their daily operations, more companies will flood into the industry. Understanding the big picture can help you be a smarter trader.
These companies are less established than the ones listed above, but they have explosive growth potential — if this industry takes off.
Remember: Always do your own research before making any trades. Make a detailed trading plan and stick to it. Never risk more than you can afford. Always be careful when buying any stock online and remember to cut losses quickly.
#8 Applied Digital Corp (NASDAQ: APLD) — The AI Cloud Services Penny Stock
My eighth AI stock pick is Applied Digital Corp (NASDAQ: APLD).
I’ve only managed to trade this stock once.
I pulled $460 from it in 2023 (starting stake $14,920).
And it’s still on the watchlist …
The price gapped up last June after the company announced its first major AI customer.
All told it managed to launch over 240%.
Since reaching highs in July 2023, it dipped down. But in the last month, it’s gained about 80%.
As long as the price stays within its zone, this stock is in play. If it breaks to new highs with high volume we’re off to the races.
#9 Applied Optoelectronics Inc. (NASDAQ: AAOI) — The Microsoft Partnership Penny Stock
My ninth AI stock pick is Applied Optoelectronics Inc. (NASDAQ: AAOI).
In the past year, the price has spiked over 600%.
I’ve already managed to pull nearly $2k from the price action (click the link for individual trades).
Even though the stock has had an insane run, I still think there will be trade opportunities ahead.
Since the company announced a supply deal with Microsoft in June 2023, AAOI has been in play.
If we set the AI sector aside for a moment, a partnership with a famous and successful company like Microsoft is a huge catalyst.
The AI catalyst is the icing on the cake.
If the price breaks out again, I’ve got a plan …
With that said, there’s a possibility the price tanks.
Maybe Microsoft rips up the deal. The hype may fade. Anything can happen in the stock market — my two decades in the industry have taught me 99% of penny stock spikes fail eventually.
The good part is, if I keep a realistic mindset, I’m able to surf the momentum without getting attached.
And … there are ways to make money on the way down.
It’s not short selling. It’s called panic dip buying. Watch my video below for more details …
AAOI is a watchlist no-brainer.
There’s money on both sides.
Artificial Intelligence Stocks Under $5 To Watch in 2024
OK, enough with the boring large-cap and high-priced AI stocks … Let’s look at some artificial intelligence penny stocks that could have the kind of potential I look for in trading.
#10 Parazero Technologies Ltd (NASDAQ: PRZO) — My 40% Birthday Drone Safety Penny Stock Winner
My tenth AI stock pick is Parazero Technologies Ltd (NASDAQ: PRZO).
I bought shares of PRZO on Friday, April 12. The next Monday, my Birthday, April 15, I celebrated by selling those shares for a profit.
Unfortunately, that weekend the Middle Eastern conflict escalated, specifically between Israel and Iran. Israel had attacked an Iranian consulate early in April, and we learned of an incoming Iranian retaliatory strike the Friday of April 12.
But my experience in the stock market allowed me to take advantage of volatile price action related to the event.
There’s a chart below of the price action, every candle represents one trading day:
PRZO is an Israeli owned AI-drone company. And this isn’t the first time we’ve seen it spike.
In October 2023 — during the initial Hamas invasion of Israel, the stock spiked 460%.*
Interestingly enough, the company announced bullish news on Friday, October 6, the day before the Hamas attack. That’s why on the chart below, you can see the spike starting a day early.
Every candle represents one trading day:
Why I Like It
The spike in October ‘23 is the reason I had the foresight to snag profits on the most recent weekend gap up. And any follow up Middle East tension could cause it to spike again.
My trade notes are below, with a starting stake of $6,565:
PRZO is one of the latest weekend trades that I’ve made in 2024 …
Every Friday I watch for very specific price action! Here’s the framework I followed for PRZO.
#11 WiSA Technologies (NASDAQ: WISA) — The Wireless Sound Penny Stock With Partnership News
My eleventh AI stock pick is WiSA Technologies (NASDAQ: WISA).
I traded this runner multiple times when it started to spike on April 16.
The company announced an additional license with a “multi-billion dollar revenue company” for its immersive audio technology. And I had eyes on it before the market opened thanks to the Breaking News alert.
Take a look at the chart below with alert details. Every candle represents one trading day:
These plays CAN run for multiple days, but it pays to have eyes on them early. For example, WISA spiked higher after April 16. The total move measures 920%.*
We’re seeing runners like this every week in the 2024 market!*
Here’s where you can find the next Breaking News trade alert.
Right after the market opened on April 16 I snagged some profits — my trade notes are below.
The first was with a starting stake of $8,760:
I traded it again midday for another profit. With a starting stake of $15,325:
Why I Like It
The stock is still holding some of its gains. That’s a hint that it could push higher!
Take a look at the chart below that shows support at the $4 level, every candle represents five minutes:
Plus, StocksToTrade shows that the stock’s float is only 1.4 million shares.
Anything below 10 million shares is considered “low float” … also known as a low supply of shares. The low supply helps the share price spike higher when demand increases.
It essentially increases the volatility of the stock.
Keep an eye on this runner as it works back toward the breakout level.
#12 MicroCloud Hologram Inc (NASDAQ: HOLO) — The Meme Stock With an AI Pump in its Past
My twelfth AI stock pick is MicroCloud Hologram Inc (NASDAQ: HOLO).
This is one of the most legendary short squeezes of 2024 … so far.
I’ve already written multiple blog posts about this stock and filmed a handful of videos tracking the price action …
Like the one below:
The most exciting thing about this stock right now: Past spikers can spike again.
Why I Like It
There were HOLO spikes in January and August 2023 as well — 610%* and 350%* respectively
But unlike the most recent 2024 short squeeze, the spikes in 2023 had roots in the AI industry.
The volatility in 2024 just happened to turn HOLO into a massive squeeze. Forget the 610% and 350% 2023 spikes … in February 2024, HOLO launched 6,400%.*
It went from less than $2 to $98.
The chart below shows all of the moves since 2023. Each candle represents one trading day:
I don’t expect HOLO to run back to $98. That’s an unrealistic prediction. And besides, I don’t predict price action.
Instead, I react to it.
Here’s what I’ve noticed recently:
- HOLO tried to spike in March.
- It tried to spike twice in April.
I zoomed in on the daily chart below, take a look at the beat-down spike attempts:
It’s only a matter of time until the stock tries to spike again …
#13 Rent the Runway (NASDAQ: RENT) — The AI-Powered Fashion Stock
My thirteenth AI stock pick is Rent the Runway (NASDAQ: RENT).
On April 10 during after hours, RENT announced Q4 financial results for the 2023 fiscal year.
The earnings per share (EPS) missed expectations by $1.13. But the company’s revenue beat projections by $1.3 million.
That week the stock spiked 430%.* I snagged a cool profit the day after the announcement.
See my trade notes below on RENT, with a starting stake of $22,296:
After the spike, prices sold off. That’s to be expected in this niche. We play the short-term volatility before the prices crash.
Always remember that these are trash penny stocks. Some of the worst stocks in the market can spike hundreds and thousands of percentage points. Our goal is to identify price action that could push higher.
When I look at RENT’s chart now, we can see obvious consolidation above the $10 level. Every candle below represents five minutes:
There are still quite a few bag holders from the last few weeks. Wait for the chart to show us some bullish volatility.
That’s when we’ll know it’s time to plan a trade.
StocksToTrade shows a float of only 1.9 million shares. That works in our favor!
AI Stocks Under $5
The allure of hot sector stocks, especially when they’re also penny stocks, is undeniable. These stocks present a unique blend of opportunity and volatility. The AI industry is booming, with advancements and applications spreading across various sectors, from healthcare to finance, making AI stocks a magnet for investors looking for the next big thing. The gains here can be proportionately greater than those from more established stocks, mainly because even minor positive news or advancements can send their prices soaring.
However, it’s crucial to approach these opportunities with a clear strategy and an understanding of the risks involved. The volatility of penny stocks, combined with the speculative nature of AI ventures, means that while the potential for rapid gains is significant, the risk of losses is equally high. Conduct thorough research, looking beyond the hype. And never invest in these stocks — only trade them.
Remember, the key to success in trading AI stocks under $5 is not just about jumping on every opportunity but being selective and strategic. It’s about leveraging the explosive potential of the AI sector while managing risk meticulously. By focusing on companies with the potential to lead in their niche, traders can capitalize on the disproportionate gains that these penny stocks offer, all while keeping their investment strategy tight and cutting losses quickly.
2 Artificial Intelligence Stocks in India to Watch in 2024
I only trade stocks listed on U.S. exchanges. But here are a few artificial intelligence stocks that do business worldwide…
#14 Innodata Inc. (NASDAQ: INOD) — The AI Stock Grinder
My fourteenth AI stock pick is Innodata Inc. (NASDAQ: INOD).
INOD is a tech engineering company that operates worldwide. It offers solutions to data challenges that can come up when companies try to implement AI technology.
This stock ran in 2020 and 2021. But it reached a new level in 2023.
Since then, it’s gone through several boom-and-bust cycles. That’s good for our niche.
This May it’s gained over 80% on strong earnings. I’ll be watching for a possible panic dip buy.
#15 Remark Holdings Inc. (NASDAQ: MARK) — The Reverse Split AI Penny Stock
My fifteenth AI stock pick is Remark Holdings Inc. (NASDAQ: MARK).
MARK is a U.S.-based company that does business worldwide. It develops AI-based tech products and solutions for businesses.
This stock has had a dismal 2023 — despite shrinking its float through a reverse split.
Reverse splits aren’t necessarily catalysts. But they are definitely a sign that a stock hasn’t been performing well.
This stock is still on my watchlist because it’s a former multiday runner. That’s something I always look for in the penny stocks I like to trade.
Top 2 Artificial Intelligence Stocks in Canada to Watch in 2024
#16 Open Text Corp (NASDAQ: OTEX) — The Information Management AI Stock
My sixteenth AI stock pick is Open Text Corp (NASDAQ: OTEX).
Open Text Corporation provides information management software and solutions. They drop the word “AI” in their bio a lot.
More importantly, they advertise partnerships with business world heavyweights like SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services.
This is a mid-cap stock but it’s shown a good amount of volatility. It fell by 20% in early May — but a new partnership announcement could quickly bring it back up.
#17 BlackBerry Ltd. (NYSE: BB) — The AI Cybersecurity Meme Stock
My seventeenth AI stock pick is BlackBerry Ltd. (NYSE: BB).
Ever since BB got out of the smartphone business, it’s been a cybersecurity stock and an AI leader.
Its one bright spot in the last few years was when it was targeted by Reddit meme stock traders in 2021. The chat room hype caused the stock and many others to go supernova as part of giant short squeezes.
With the return of meme traders, BB is worth keeping on the watchlist.
Why Should You Trade AI Stocks?
As a trader, you should always be prepared to take advantage of opportunities. As AI technology advances and new uses for AI are discovered, there could be plenty of trading opportunities in artificial intelligence penny stocks.
We’re already seeing a lot of it in self-driving cars. Who knows what future invention will change our lives?
But AI stocks are like any other sector. They can be hot or cold. And news can come and go.
Learn to take advantage of the hype, news, and volume in AI stocks. Build a watchlist first, then pay attention to the news and watch for your pattern or strategy.
Conclusion: Will You Watch Artificial Intelligence Stocks in 2024?
The AI revolution is off to a great start … But the technology’s just beginning to take off.
The unlimited potential of AI could have a huge impact on how we live in the future. And this past year has shown how it can affect stocks.
Do you know how to prepare for a possible artificial intelligence penny stock run?
If you don’t, apply for my Trading Challenge today.
If you’re accepted you’ll get access to thousands of video lessons, all my educational DVDs, and weekly live trading and Q&A webinars. Plus, you’ll have access to all my archived webinars and my Challenge chat room.
Learn from my 20+ years of experience trading penny stocks and start becoming a self-sufficient trader today.
What do YOU think of these AI stocks to watch in 2024? Leave a comment and let me know!
Frequently Asked Questions About Artificial Intelligence Stocks
What Are Artificial Intelligence Stocks?
Artificial intelligence stocks are stocks of companies involved in the development of computer programs that perform tasks that would usually require human intelligence — think voice recognition, self-driving cars, etc.
What Is the Best Stock for Artificial Intelligence?
The best artificial intelligence stocks for trading are the ones that fit your style and strategy. If you like to invest in AI stocks, you might prefer large-cap stocks. If you want to trade artificial intelligence penny stocks, keep a watchlist to see what’s moving. Do your research! And if you need a trading mentor, apply for my Trading Challenge.
What Are the Best Artificial Intelligence Stocks for Self-Driving Cars?
All the major auto manufacturers are racing to develop artificial intelligence for self-driving cars. But they’ll likely partner with companies like Aptiv (NYSE: APTV) and Intel (NASDAQ: INTC), which are already developing automotive smart chips and sensors.
Are AI Stocks Good To Trade?
That depends on the stock, your strategy, and the news. AI technology is still in its infancy. Still, there’s a lot of potential in this sector. AI stocks are worth following and monitoring on your watchlist for potential trades.
How Do I Invest in Artificial Intelligence?
Investing in AI requires a strategic approach. Diversify your investments across sectors like analytics, machine learning, and data security. Use a mix of financial instruments like securities, equities, and options to manage risks and maximize potential rewards.
Or take my approach. I don’t invest in stocks — I trade them. And trading AI stocks works the same as it does in other sectors: filtering down stocks, creating a watchlist, and having a trading plan ready for if and when they meet your personal trading criteria.
What AI Company Is Elon Musk Investing In?
Elon Musk recently launched xAI, aiming to rival ChatGPT. Musk was initially a founding board member and investor in OpenAI, the creator of ChatGPT, but he stepped down due to conflicts with Tesla’s AI work for self-driving cars.
What Determines the Market Cap of AI Penny Stocks?
The market cap of AI penny stocks is influenced by their market momentum and performance. Keeping an eye on these factors can help you gauge their profit potential.
* Past performance does not indicate future results.
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