4 Stocks Seen Benefiting From Artificial Intelligence Boom

Artificial intelligence and deep learning are shaping up as the next big paradigm shift in computing and several major chipmakers are poised to benefit, Mizuho Securities analyst Vijay Rakesh said in a research report Wednesday. "We believe deep learning and AI with parallel processing (are) driving broad industry adoption as the enterprise segment looks to use available, real-time data to learn, predict, and prepare for contingencies better and faster," Rakesh said. Deep learning, machine learning and artificial intelligence are "being broadly adopted in health care, manufacturing, automotive, finance, insurance, banking, and retail." Graphics chipmaker Nvidia (NVDA) is "well-positioned for the next decade" in the market, Rakesh said. He also sees opportunities for Advanced Micro Devices (AMD) and Intel (INTC) to provide field-programmable gate arrays.