Top 9 AI Stocks Making Waves Today

3. Dover Corporation (NYSE:DOV)

Number of Hedge Fund Holders: 44

Dover Corporation (NYSE:DOV) is a diversified manufacturer and solutions provider across various industries, including engineered products, clean energy, and imaging and climate technologies. The company’s portfolio of products received a significant boost on March 26 after its unit Innovative Control Systems unveiled an AI-powered license plate recognition solution.

The new AI-LPR is an improvement on the current ICS Auto Passport LPR product, which streamlines license plate identification through a smooth, contactless enrollment procedure. The improved AI-LPR technology provides up to 99.9% accurate license plate identification with machine-learning capabilities without requiring expensive camera gear or system modifications.

“The built-in capabilities of the new AI-LPR technology are truly milestones in the industry, and we are confident that customers using this next generation technology will be able to quickly, easily and safely optimize the overall wash experience for wash-club members,” said Kevin Ahnert, General Manager at ICS.