Machine learning is a technical advancement that has been progressively gaining traction around the world. Machine learning had a global market value of $1.58 billion in 2017 and is predicted to increase at a CAGR of 4.06 percent by 2024. Machine learning is an excellent global opportunity for present investments and future growth, according to a Deloitte analysis. In the long run, machine learning equities such as Alphabet Inc. and Amazon.com, Inc. can be considered attractive investments.
Insider Monkey takes a look at the 10 best machine learning stocks to invest in. International Business Machines Corporation is ranked 10th. The firm develops software for vertical and domain-specific solutions and conducts advanced algorithm and machine learning research. It is a global provider of integrated solutions and services. QCOM is ranked 9th. The company’s QSI business, among other things, deals with artificial intelligence. KGI Securities began the stock with an Outperform rating and a $175 price target. Taiwan Semiconductor Manufacturing Company Limited is ranked eighth. For its intelligent manufacturing environment, the corporation has integrated AI, machine learning, expert systems, and advanced algorithms. It has risen 4.57 percent in the last six months and is up 11.62 percent for the year. NVIDIA Corporation is ranked seventh. The company is a leader in AI parallel computing, which will lead to a long-term structural rise in the company’s stock price. Intel Corporation is ranked sixth. According to Citigroup, Intel’s chip outsourcing to Taiwan Semiconductor Manufacturing Business Limited (NYSE: TSM) may help the company reclaim market share. For more details, click 10 Best Machine Learning Stocks to Invest In.
