The global artificial intelligence industry is expected to grow to $554 billion in total revenue by 2024, according to market research firm IDC. That amounts to some serious growth for an industry that generated revenue of $51.5 billion in 2021, according to market researcher Gartner. Virtually every industry is being disrupted by AI, automation and robotics. Whether it be machine learning, smart applications and appliances, digital assistants 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 at the center of their businesses. Here are 10 of the best AI stocks to buy, according to Bank of America.
Nvidia Corp. (NVDA)
Alphabet Inc. (GOOGL)
Amazon Inc. (AMZN)
Microsoft Corp. (MSFT)
International Business Machines Corp. (IBM)
Meta Platforms Inc. (FB)
DocuSign Inc. (DOCU)
Taiwan Semiconductor Manufacturing Co. (TSM)
Dynatrace Inc. (DT)
Workday Inc. (WDAY)
Nvidia Corp. (NVDA)
Alphabet Inc. (GOOGL)
Amazon Inc. (AMZN)
Microsoft Corp. (MSFT)
International Business Machines Corp. (IBM)
Meta Platforms Inc. (FB)
DocuSign Inc. (DOCU)
Taiwan Semiconductor Manufacturing Co. (TSM)
Dynatrace Inc. (DT)
Workday Inc. (WDAY)
