Artificial intelligence, automation and robotics are changing nearly every industry. In the past year, the world got a firsthand look at remarkable advances in AI technology from OpenAI, Microsoft and Google.
Whether it be machine learning, large language models, smart applications and appliances, digital assistants, synthetic media software, or autonomous vehicles, companies that aren’t investing in AI products and services risk becoming obsolete. Countless companies stand to benefit from AI, but a handful of stocks have AI and automation as a central part of their businesses. Here are 10 of the best AI stocks to buy, according to Argus Research:
| Stock | Implied upside over Feb. 5 close |
| Microsoft Corp. (ticker: MSFT) | 17.1% |
| Alphabet Inc. (GOOG, GOOGL) | 18.3% |
| Amazon.com Inc. (AMZN) | 8.6% |
| Nvidia Corp. (NVDA) | -13.5% |
| Meta Platforms Inc. (META) | 19.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) | 9.4% |
| Adobe Inc. (ADBE) | 7.1% |
| ASML Holding NV (ASML) | 11.3% |
| International Business Machines Corp. (IBM) | 22.7% |
| Arista Networks Inc. (ANET) | 0.7% |
After announcing a $1 billion investment in ChatGPT maker OpenAI in 2019, Microsoft increased its investment to $13 billion in January 2023 and integrated ChatGPT into its Bing search engine shortly thereafter. In September 2023, Microsoft announced it is integrating its AI products into a single AI experience…
