3 Top Artificial Intelligence Stocks to Watch Before 2024

As we advance further into the 21st century, artificial intelligence (AI) continues to take center stage in the tech landscape. Incorporating AI into your investment portfolio could be a pivotal move, and with the year 2024 looming on the horizon, the race is on to identify industry leaders worth investing in. Among numerous contenders, three stocks stand out in the realm of AI: Microsoft Corporation MSFT, UiPath Inc. PATH, and Alphabet Inc. GOOG.

The Tech Giant: Microsoft Corporation MSFT

When analyzing potential AI investments, it's hard to overlook MSFT. As a behemoth in the global technology market, Microsoft offers an impressive lineup of software and hardware products. With staples such as the Windows operating systems and the Microsoft Office suite, MSFT continues to dominate the productivity software field. Moreover, their ongoing investments in cloud computing and AI through platforms like Azure showcase their commitment to remaining at the forefront of technological innovation. Microsoft's fiscal soundness and consistent revenue growth further solidify its position as a prudent addition to any AI-focused investment portfolio.

Additional strengths come from their gaming division with Xbox and their hardware innovations with the Surface computers. Recognized within the Fortune 500, MSFT's influence extends across the IT spectrum, ensuring it remains one of the Big Five U.S. technology companies, an admirable achievement that keeps investor confidence steady.

The RPA Specialist: UiPath Inc. PATH

Turning our attention to specialized AI enterprises, PATH emerges as a leader in the field of robotic process automation (RPA). Offering an end-to-end platform, PATH's solutions are used globally, with a strong presence in the United States, Romania, and Japan. PATH's commitment to innovating RPA technology reflects a clear vision of harnessing AI to streamline business processes, improve efficiency, and reduce operational costs for enterprises. By improving the capability and accessibility of RPA, PATH has distinguished itself in the industry, and as the sector grows, their platform is positioned to expand alongside it.

The Conglomerate Powerhouse: Alphabet Inc. GOOG

Discussing AI cannot be done without mentioning GOOG, the parent company of Google. Alphabet's influence penetrates the very fabric of the digital era, and its role in AI innovation is unquestionable. With pioneering projects such as DeepMind and Google Brain, Alphabet is not only enhancing its current products with AI but is also setting the pace for future technological breakthroughs. As one of the most valuable companies globally and a key part of the world's largest tech conglomerates, Alphabet's ventures into AI make GOOG a compelling choice for investors seeking growth potential in tandem with an already robust and diversified technology ecosystem.

AI, investment, technology