Search a ticker

Categories
Featured Investing Stock Market Today Stocks to Watch Tech Stocks

2 AI Stocks To Watch In April 2024

AI stocks to keep an eye on for your watchlist this month.

AI stocks to watch

The Artificial Intelligence (AI) sector is rapidly expanding. With technologies designed to mimic human intelligence, improve efficiencies, and solve complex problems. This encompasses a wide array of applications. Everything from advanced robotics in manufacturing to predictive algorithms in finance and personalized healthcare solutions. As AI becomes more integrated into everyday life, the companies behind these innovations are attracting significant attention from investors. AI stocks represent these diverse businesses, which are at the forefront of developing, deploying, or utilizing AI technologies across various sectors.

Investing in AI stocks presents a unique opportunity for substantial growth, given the transformative potential of AI technologies across global industries. These investments could potentially yield significant returns as AI continues to drive productivity gains, create new markets, and disrupt traditional business models. However, the AI sector’s dynamic nature brings challenges, including rapid technological changes, intense competition, and regulatory uncertainties. Additionally, the high costs associated with AI research and development can strain financial resources, affecting short-term profitability and stock performance.

For investors considering AI stocks, thorough due diligence is essential. Evaluating a company’s innovation capability, market position, and financial stability can provide insights into its potential for long-term success. Moreover, the speculative nature of investments in emerging technologies like AI suggests a cautious approach. Also, keeping abreast of industry trends, technological advancements, and regulatory developments will be crucial in navigating the AI investment landscape effectively. With this, let’s explore two AI stocks to watch in the stock market today.

AI Stocks To Invest In [Or Avoid] Right Now

Meta Platforms (META Stock)

Starting us off, Meta Platforms Inc. (META), formerly known as Facebook Inc., is a global technology conglomerate focused on building products that enable people to connect and share through mobile devices, personal computers, virtual reality headsets, and in-home devices. In detail, the company’s portfolio includes Facebook, Instagram, WhatsApp, and Oculus to name a few.

At the start of this month, Meta announced it would release its first-quarter 2024 financial results after the market closes on Wednesday, April 24, 2024. The company plans to host a conference call later that day at 2 p.m. PT / 5 p.m. ET to discuss the outcomes. This event, detailing Meta’s financial performance for the first quarter, will be accessible through a live webcast on the Meta Investor Relations website, offering shareholders and interested parties insights into the company’s financial health and operational progress.

In 2024 so far, shares of META stock have gained by 50.35% YTD. Additionally, during Thursday morning’s trading session, Meta stock opened green up 2.67% so far, trading at $520.25 a share.

Source: TradingView

[Read More] 3 Dow Jones Stocks For Your April 2024 Watch List

Alphabet (GOOGL Stock)

Following that, Alphabet Inc. (GOOGL) is the parent company of Google and several former Google subsidiaries. Alphabet now serves as an umbrella corporation for its diverse portfolio of businesses. These include Google, Google Cloud, autonomous driving technology (Waymo), and more.

Earlier this year, Alphabet reported its fourth-quarter FY 2023 financial and operating results. In detail, the tech giant reported earnings of $1.64 per share and revenue of $86.31 billion for Q4 2023. Meanwhile, Wall Street’s estimates for the quarter were an EPS of $1.60 per share, along with revenue estimates of $85.26 billion. In addition, revenue increased by 13.49% on a year-over-year basis.

Year-to-date, Alphabet stock is up 10.31% so far. Moreover, during Thursday morning’s trading action, shares of GOOGL stock opened lower, trading down 1.65% on the day so far at $153.79 a share.

Source: TradingView

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments