Summary: After a troublesome start to 2024, United States equities are finally on the rise. While general stocks may be recovering, investors should consider shifting their focus to machine learning (ML) stocks this year. Machine learning, a branch of artificial intelligence (AI), has gained significant momentum in recent years and is predicted to have a profound impact across various industries. Palantir Technologies (PLTR), UiPath (PATH), and Nvidia (NVDA) are three machine learning stocks worth considering.
Palantir Technologies (PLTR) is a leading provider of AI and ML-based data analytics tools. While the company has faced some skepticism regarding its foray into AI, its ML capabilities remain undisputed and are poised to drive future growth.
UiPath (PATH) specializes in robotic process automation (RPA) and AI. The UiPath Business Automation Platform enables businesses to automate various processes and has found success in industries such as banking, healthcare, and manufacturing. The recent launch of its “Autopilot” generative AI tool opens doors for even greater revenue growth.
Nvidia (NVDA), known for its high-performance GPUs, has had an exceptional year in 2023 and continues to excel in 2024. The company’s chips power some of the most advanced AI applications, and its RAPIDS data library and CUDA platform provide developers with a unified framework for accelerating machine learning testing.
Investing in machine learning stocks presents an opportunity to capitalize on the evolving AI landscape. As machine learning finds its way into more industries and becomes increasingly essential, these companies are well-positioned to benefit. By incorporating machine learning stocks into their portfolios, investors can align themselves with a growing trend that promises significant returns.
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The source of the article is from the blog scimag.news