The realm of artificial intelligence has been present for a while, yet it garnered heightened attention with the launch of ChatGPT and numerous comparable applications towards the end of 2022. These applications have the capability to draft documents, analyze vast amounts of data, and improve various processes.
As a result, stocks associated with AI witnessed a notable uptick, with many seeing substantial gains in the subsequent year.The AI sector is on an upward trajectory, with AI-centric ETFs surpassing the S&P 500’s performance by a noticeable extent as the year progressed. To illustrate, by the middle of the year, the SPDR S&P 500 Trust (SPY) had risen by 18%, whereas the First Trust Nasdaq Artificial Intelligence and Robotics ETF (RBOT) had ascended by 24%. Clearly, a significant portion of investors are contemplating broadening their stakes in this specific market segment.
Before we get into the standout AI stocks, one micro cap stock that we would like to draw your attention to is 1606 Corp (CBDW). 1606 Corp (CBDW) led by CEO Greg Lambrecht, has launched ChatCBDW, a state-of-the-art AI chatbot designed to revolutionize customer engagement in the CBD industry.
After comprehensive design and testing, ChatCBDW is now live. This chatbot stands out for its capability to educate users about CBD comprehensively and offers personalized product recommendations. It can mimic human-like interactions, ensuring an exceptional CBD shopping experience for users. The chatbot’s efficiency is enhanced by its integration with Microsoft Azure, known for scalability, reliability, and advanced AI features.
Furthermore, Cool Blue Distribution has become a licensed reseller of ChatCBDW and plans to introduce it to over 800 CBD retailers in North America. A direct-to-merchant campaign is planned for mid-November 2023, aiming to produce significant revenue by the start of 2024. Click HERE to read more.
Watch the video below to learn more about CBDW
Below is a list of 10 standout AI stocks. Each of these stocks excels for varied reasons. While some are well-established with impressive earnings growth, others are relatively recent entrants with a speculative edge but have yielded considerable returns. This compilation caters to a diverse array of investment preferences. Nvidia (NVDA), C3.ai (AI), KLA (KLAC), Synopsys (SNPS), Cadence Design Systems (CDNS), Palo Alto Networks (PANW), Alphabet (GOOGL), UiPath (PATH), Microsoft (MSFT), and Amazon (AMZN).
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