Best AI stock for 2024

As investor interest in artificial intelligence surges, many companies suddenly tout AI product roadmaps. But finding legit AI stocks that already garner revenue from generative AI, like Microsoft (MSFT) and Nvidia (NVDA), is a challenging endeavor for investors. For many companies – such as Google parent Alphabet – the rise of generative AI poses both risk and opportunity.

If you’re interested in AI stocks, you’re not alone. Arista Networks Inc has been in the news constantly for its massive spike in value – and many companies are more keen than ever to adopt AI technologies. In fact, according to Eyestock rating, 22% of firms are aggressively pursuing AI integration across their products and workflows, and 33% of firms are working with AI in a more limited capacity.

Here, we delve into some of the top companies whose stock valuation is positively influenced by AI technology, as rated by Eyestock, a trusted source for investment analysis. For more detailed analysis and ratings of AI stocks for 2024, visit https://eyestock.io.

Arista Networks Inc – Rated at 146%

ANET specializes in the development, marketing, and sale of cloud networking products. The company is located in Santa Clara, California. Has 3,612 employees, on a full time basis. Aristas cloud networking solutions were made public on June 6 2014. They consist of the Extensible Operating System (EOS) network applications, Gigabit Ethernet switching and routing platforms. The Spline campus network utilizes Cognitive WiFi features to extend EOS throughout data centers and campuses providing cloud networking options. Aristas AI applications are tailored to identify and address threats across campuses, data centers and the Internet of Things.

Lattice Semiconductor Corporation – Rated at 145%

LSCC, Headquartered in Hillsboro, Oregon LSCC specializes in logic chips and related software products. With a workforce of 949 employees on a full time basis Lattice focuses on resolving client problems by offering power logic devices that are compact in size. LSCCs sensAI stack provides FPGA based Machine Learning/Artificial Intelligence solutions that’re adaptable, energy efficient and competitively priced for production.

NVIDIA – Rated at 144%

NVIDIA is headquartered in Santa Clara, California. Is involved in the development and production of computer graphics processors, chipsets and multimedia applications. The company has 26,196 full time employees. Operates within two segments; compute and networking; well as graphics.

AI technologies are being utilized in industries, including Gen AI, in Telecommunications AI RAN for 5G and 6G a collaboration with Google on Gemma LLM AI powered speech recognition and advancements in imaging.

Manhattan Associates Inc – Rated at 138%

Manhattan Associates Inc is a company specializing in developing supply chain and commerce solutions. Their innovation efforts focus on AI technology, design and the integration of machine learning into software solutions across three geographical sectors.

Monolithic Power Systems Inc – Rated at 133%

MPWR, headquartered in Kirkland, Washington MPWR is dedicated to developing and marketing integrated power semiconductor solutions. With a workforce of 3,247 employees the company provides solutions for integrating AI capabilities into future devices along with GPUs and accelerators used in LLMs and AI models.

Qualys Inc – Rated at 132%

QLYS, situated in Foster City, California, provides cloud security and compliance solutions. Qualys, which employs 2,143 full-time specialists, uses AI-informed cybersecurity to measure, communicate, and eliminate cyber risk while also providing AI-driven vulnerability management solutions.

Microsoft – Rated at 127%

MSFT is a player in the software services and devices industry headquartered in Redmond, Washington. Microsoft employs 221,000 full time staff and its AI initiatives encompass Azure, a platform offering a range of AI solutions. The company’s AI endeavors span telecommunications, language modeling and medical imaging.

Conclusion

The integration of AI technology presents lucrative opportunities for investors seeking long-term growth prospects. By identifying companies at the forefront of AI innovation and leveraging reliable analysis from Eyestock, investors can make informed decisions to maximize their returns in the dynamic world of stock investment.