10 Unsexy AI Stocks According to Goldman Sachs

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 145

Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications worldwide. Dara Khosrowshahi, the CEO of the firm, spoke at the Communacopia and Technology Conference earlier this month, highlighting that his company was already working with over 10 autonomous players in the mobility delivery categories. These included Waymo, Cruise, and firms like Wayve in the UK. Elaborating on Wayve, Khosrowshahi said the company was building a kind of underlying, newer AI-based technology, akin to self-driving technology. He said it was the absolute best-of-breed technology.

Khosrowshahi, who took over the Uber Technologies, Inc. (NYSE:UBER) CEO job two years ago, encouraged people to take a ride in one of their vehicles. He also referenced China and the UK, as well as other places around the world, in a comment about mobility software, noting that technically the software was going to get to a very good place over the next three to five years.

While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Uber Technologies, Inc.(NYSE:UBER) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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