12 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

Published on February 3, 2024 at 12:02 pm by Ramish Cheema in News

In this piece, we will take a look at the 12 best artificial intelligence stocks to buy according to analysts. If you want to skip our overview of the latest trends in the world of AI, then you can take a look at the 5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts.

When it comes to AI, the rapid rise in prominence of the technology is quite striking. If we rewind the hands of time to mid 2022, then few people would be regularly talking about the technology, and media coverage would be limited to a handful of players such as the firm behind ChatGPT, OpenAI. Yet, in just a year, AI is at the forefront of the media, investor, and even government attention as the advances in decision making offered by data science enable organizations to upscale their operations.

Since it led the stock market to rise in 2023, AI is naturally at the front of attention in 2024 as well. The first two months of a year are particularly important for markets as they provide them with the perfect data to set the tone for the rest of the year. These come in the form of earnings reports, and for the Q1 2024 earnings season, all that anyone can talk about is AI. The year started off with the Taiwan Semiconductor Manufacturing Company (NYSE:TSM) assuring investors during its earnings call that it was in a stable position to capture any growth in the demand for AI chips. Its CEO C.C. Wei shared that TSMC is working with all the major players in the global A.I. industry, as he shared:

The surge in AI-related demand in 2023 supports our already strong conviction that the structural demand for energy-efficient computing will accelerate in an intelligent and connected world. TSMC is a key enabler of AI applications. No matter which approach is taken, AI technology is evolving to use more complex AI models, as the amount of computation required for training and influence is increasing. As a result, AI model need to be supported by more powerful semiconductor hardware, which requires use of the most advanced semiconductor process technologies. Thus, the value of TSMC technology position is increasing and we are well-positioned to capture the major portion of the market in terms of semiconductor component in AI.

To address unassessable AI-related demand for energy-efficient computing power, customers rely on TSMC to provide the most leading-edge processing technology at scale with a dependable and predictable cadence of technology offering. At the same time, as process technology complexity increased the engagement lead time with customer also started much earlier. There is almost all the AI innovators are working with TSMC and we are observing a much higher level of customer interest and engagement at N2 as compared with N3 at a similar stage from both HPC and the smartphone applications. Our 2-nanometer technology will adopt narrow sheet transistor structure and be the most advanced semiconductor technology in the industry in both density and energy efficient when it is introduced in 2025.

After TSMC, it was Intel Corporation (NASDAQ:INTC)’s turn. The world’s largest chip designer and manufacturer, Intel has struggled to keep up the pace with the industry’s upgrade cycles and is now aggressively targeting rapid iteration and mass production of advanced semiconductor fabrication process node technologies. Leading the charge is Intel’s CEO Patrick Gelsinger, who highlighted that not only can AI become an industry that drives a “$1 trillion semiconductor TAM [TOTAL ADDRESSABLE MARKET] by 2030,” but also confidently asserted that “given our foundry and product offerings, we’re the only company able to participate in 100% of the TAM for AI Silicon logic.“

Shifting from the hardware side of the AI industry to the software, the next duo up on the earnings stage came in the form of Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG). As rapidly changing as AI is, if there’s one thing that can be said with certainty about the software segment of artificial intelligence companies and stocks, it’s that Alphabet and Microsoft sit right at the top of the global AI food chain that some estimates say has as many as 57,000 companies. Of course, the definition of an ‘AI company’ depends on whether you also include companies that use AI for their business processes as well as counting others who make the hardware and software. Yet, even if we include the former bunch, Alphabet and Microsoft are still likely to come out on top since their deep expertise in all things data science naturally provides them with a competitive advantage.

Alphabet CEO Sundar Pichai led with AI and aimed right for the money when he explained during the firm’s earnings call for the fourth quarter that it is heavily invested in improving Search results with AI. These announcements came even as Google’s advertisement revenue failed to impress investors and led to a post earnings share price drop. Like Pichai, Microsoft’s Satya Nadella also talked about AI as he shared that the company had evolved from “talking about AI” to “applying AI to scale.”

So, as AI continues to remain the topic in technology and finance, we decided to see what AI stocks analysts believe are worth watching out for. Some top picks are The Trade Desk, Inc. (NASDAQ:TTD), Western Digital Corporation (NASDAQ:WDC), and Microchip Technology Incorporated (NASDAQ:MCHP).

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Our Methodology

To make our list of the best artificial intelligence or AI stocks to buy according to analysts, we used the holdings of the Invesco AI and Next Gen Software ETF and ranked the firms by their average analyst share price target upside. The top stocks were chosen as the best AI stocks.

For these best artificial intelligence stocks according to analysts, we have also mentioned hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

12. Alphabet Inc. (NASDAQ:GOOGL)

Average Analyst Share Price Upside: 3%

Average Analyst Share Price Target: $156.52

Alphabet Inc. (NASDAQ:GOOGL) is one of the biggest players in the AI industry and an example of how a company can lead in a sector and still not need to make money from it. Alphabet Inc. (NASDAQ:GOOGL)’s biggest business is its search engine, and during the firm’s latest earnings call, CEO Sundar Pichai was quick to comment on how his firm is using AI to improve Google Search results.

For their third quarter of 2023 shareholdings, 221 out of the 910 hedge funds covered by Insider Monkey’s research had held a stake in Alphabet Inc. (NASDAQ:GOOGL). Out of these, the firm’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management with a $5.7 billion investment.

Alphabet Inc. (NASDAQ:GOOGL) joins The Western Digital Corporation (NASDAQ:WDC), Trade Desk, Inc. (NASDAQ:TTD), and Microchip Technology Incorporated (NASDAQ:MCHP) in our list of the top AI stocks according to analysts.

11. Equinix, Inc. (NASDAQ:EQIX)

Average Analyst Share Price Upside: 4%

Average Analyst Share Price Target: $871.86

Equinix, Inc. (NASDAQ:EQIX) is a real estate investment trust that works with companies to set up their network and data centers. This means that the firm has exposure to potential growth in AI computer facilities. The shares are rated Buy on average, and Equinix, Inc. (NASDAQ:EQIX) secured upgrades from Truist and Wolfe Research in January 2023.

As of Q3 2023 end, 42 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Equinix, Inc. (NASDAQ:EQIX)’s largest stakeholder among these is Philippe Laffont’s Coatue Management through its $457 million stake.

10. ANSYS, Inc. (NASDAQ:ANSS)

Average Analyst Share Price Upside: 4%

Average Analyst Share Price Target: $345.56

ANSYS, Inc. (NASDAQ:ANSS) is an engineering software company that enables engineers to design and develop complex products. This provides it with a key area to utilize AI in, and on this front, ANSYS, Inc. (NASDAQ:ANSS) announced in January 2024 that its Ansys SimAI software uses generative AI to expand access to users with limiting coding or programming language.

For their September quarter of 2023 shareholdings, out of the 910 hedge funds tracked by Insider Monkey, 32 had invested in ANSYS, Inc. (NASDAQ:ANSS). Ian Simm’s Impax Asset Management was the biggest investor as it owned 640,715 shares that are worth $190 million.

9. Marvell Technology, Inc. (NASDAQ:MRVL)

Average Analyst Share Price Upside: 5%

Average Analyst Share Price Target: $72

Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor firm that enables chip manufacturers to design and test their products. Its shares are rated Strong Buy on average, and the firm can benefit from any growth in global semiconductor manufacturing capacity due to AI demand.

By the end of last year’s third quarter, 57 out of the 910 hedge funds covered by Insider Monkey’s research were Marvell Technology, Inc. (NASDAQ:MRVL) shareholders. Out of these, the largest stakeholder was David Goel and Paul Ferri’s Matrix Capital Management courtesy of its $712 million investment.

8. AMETEK, Inc. (NYSE:AME)

Average Analyst Share Price Upside: 7%

Average Analyst Share Price Target: $177.23

AMETEK, Inc. (NYSE:AME) is an engineering products company headquartered in Berwyn, California. While AI has become popular in 2023, the firm has been working with the technology for more than four years now. AMETEK, Inc. (NYSE:AME)’s precision electronics have been powering up deep learning servers since 2019, and have laid the path to generative AI that’s on its way to becoming commonplace now.

Insider Monkey dug through 910 hedge funds for their September quarter of 2023 shareholdings and found that 38 had bought a stake in the company. AMETEK, Inc. (NYSE:AME) ‘s biggest hedge fund shareholder is Phill Gross and Robert Atchinson’s Adage Capital Management as it owns $159 million worth of shares.

7. Snowflake Inc. (NYSE:SNOW)

Average Analyst Share Price Upside: 7%

Average Analyst Share Price Target: $220.79

Snowflake Inc. (NYSE:SNOW) is a cloud computing company whose analytical business model stands to be one of the biggest beneficiaries of any advancements in AI. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

As of September 2023 end, 71 out of the 910 hedge funds covered by Insider Monkey’s research were Snowflake Inc. (NYSE:SNOW)’s investors. Brad Gerstner’s Altimeter Capital Management was the largest investor through its $2.3 billion stake.

6. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Average Analyst Share Price Upside: 8%

Average Analyst Share Price Target: $405.59

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a robotics company that enables surgeons to use surgical medical assistants during their operations. It seeks to use AI to improve surgical decision making, and despite a commanding position in its market, Intuitive Surgical, Inc. (NASDAQ:ISRG) is racing to launch its new surgical robot as soon as the FDA gives the go ahead.

78 out of the 910 hedge funds profiled by Insider Monkey during Q3 2023 had invested in the robotics company. Intuitive Surgical, Inc. (NASDAQ:ISRG)’s biggest shareholder is Ken Fisher’s Fisher Asset Management as it owns 4.4 million shares that are worth $1.2 billion.

The Trade Desk, Inc. (NASDAQ:TTD), Intuitive Surgical, Inc. (NASDAQ:ISRG), Western Digital Corporation (NASDAQ:WDC), and Microchip Technology Incorporated (NASDAQ:MCHP) are some AI stocks that analysts cannot stop gushing about.

Click here to continue reading and check out 5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

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AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

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