Artificial Intelligence’s economic value has risen to more than $40 billion. Even chess players are beginning to recognize artificial intelligence’s potential. Artificial intelligence, a machine-based imitation of human intelligence, has progressed beyond language processing and speech recognition to include reactive learning and self-awareness. The AI sector is expected to grow at a CAGR of more than 28% in the next years. Amazon.com, Facebook, and Microsoft Corporation are among the corporations driving this expansion. According to the most recent 13F filings, some of the most popular hedge fund stocks.
Here is Insider Monkey’s list of the 11 best artificial intelligence and robotics stocks to buy according to hedge funds. International Business Machines Corporation is ranked tenth. The corporation stated earlier this week that it would collaborate with professional services firm Deloitte and defense company Raytheon. Teradyne, Inc. is ranked tenth. The company creates and offers a variety of AI-specific solutions that increase device efficiency, optimize yield, and improve silicon performance. Raytheon Technologies Corporation works mainly in the defense and aerospace industries. While achieving great earnings, the corporation has invested heavily in AI and robots. It ranks ninth on the 11 top artificial intelligence and robotics stocks to purchase based on hedge fund recommendations. Approximately the last year, Intuitive Surgical, Inc. has returned over 29% to investors. In late July, the company released strong earnings statistics for the second quarter. On the list of the 11 top artificial intelligence and robotics stocks to buy, it ranks eighth. NVIDIA Corporation’s products are used in some of the world’s most powerful electronic gadgets. The company has reported record revenues and sales as a result of the recent surge in chip pricing. It is ranked seventh among hedge funds’ top 11 artificial intelligence and robotics stocks to buy. For more details, click 11 Best Artificial Intelligence And Robotics Stocks To Buy According To Hedge Funds.
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