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Five 'Strong Buy' Artificial Intelligence Stocks - TipRanks Blog

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Everyone is talking about artificial intelligence (AI) right now- with many predicting that AI will lead the next wave of economic growth and productivity for the next couple of decades at least. However not all big-name AI stocks have the Street's seal of approval. Nvidia (NVDA) has a moderate buy analyst consensus rating while both Advanced Micro Devices (AMD) and Tesla (TSLA) have hold ratings. All three stocks have an average analyst price target below their current share price as analysts warn that prices have entered overblown territory (see Goldman Sachs' Toshiya Hari on AMD for example). To find less risky AI investing opportunities we looked for stocks with a strong buy consensus rating from the Street's best performing analysts.


ZoomInfo stock drops despite Q4 results, forecast above expectations

ZDNet

Go-to-market cloud software mavens ZoomInfo Technologies this afternoon reported Q4 revenue and profit that both topped Wall Street analysts' expectations, and an outlook that was higher as well. Despite the upbeat report, ZoomInfo shares dropped 9% in late trading. CEO and founder Henry Schuck remarked, 'In 2021 we delivered a leading combination of growth and profitability, significantly expanded our platform, added more new customers than ever before, and drove record customer retention." Added Schuck, "2021 was a transformative year for ZoomInfo, and we continue to execute our vision to deliver a comprehensive revenue operating system that reimagines how businesses go-to-market." Revenue in the three months ended in December rose 59%, year over year, to $222.3 million, yielding a net profit of 18 cents a share, excluding some costs.


Veeva stock jumps on fiscal Q1 results above expectations, higher forecast

ZDNet

Veeva Systems, the cloud applications specialist for life sciences, this afternoon reported fiscal Q1 revenue and profit that topped analysts' expectations, and an outlook for this quarter, and the full year, that was higher as well. The report sent Veeva shares up 4% in late trading. CEO Peter Gassner remarked, "The team's focus on customer success and product excellence continues to drive Veeva's outstanding results." "Our innovations in data, software, and services are helping the industry move to a new digital-first model." Veeva's CFO, Brent Bowman, called the quarter "an outstanding start to the year," adding, "We are building a durable position across both R&D and commercial, which reflects our role as a strategic technology provider to the industry."


3 Artificial Intelligence Stocks Leading the New Wave

#artificialintelligence

Everyone is talking about artificial intelligence (AI) right now- with many predicting that AI will lead the next wave of economic growth and productivity for the next couple of decades at least. AI refers to the use of data to simulate human intelligence processes including learning, reasoning and self-correction by machines. AI is making its way into almost every industry. With IDC predicting that worldwide spending on AI will be nearly $98 Billion in 2023, the implications of this technology are massive. And this has not been ignored by Wall Street.


3 Artificial Intelligence Stocks With Long-Term Narratives

#artificialintelligence

Artificial intelligence (AI) is a buzzword in tech these days. The term, which encompasses a range of technologies including machine learning and data analysis. The goal is to create systems that can perceive, learn, and reason in ways that mimic human capabilities. At its best, AI will allow machines to understand the gestalt of a situation and react accordingly, a capability that humans take for granted – but has tends to elude computer systems, which in their turn excel at analyzing minute details. A wide range of tech companies are working on AI systems; artificial intelligence holds the promise of real-time data analysis and situation monitoring, with the machines capable of handling routine decisions.