4 Under the Radar AI Stocks to Add to Your Watchlist - Equitymaster

4 Under the Radar AI Stocks to Add to Your Watchlist

Artificial intelligence (AI) has been one of the most talked-about technologies in recent years, and its potential to disrupt various industries is vast. While many well-known companies like Google, Amazon, and Microsoft are already making significant investments in AI, there are several under-the-radar AI stocks that could offer impressive returns for investors. In this article, we will explore four under-the-radar AI stocks that you should consider adding to your watchlist.

1. NVIDIA Corporation (NVDA)

NVIDIA is a leader in the field of graphics processing units (GPUs) and has been at the forefront of AI computing. The company's GPUs are used in a wide range of applications, including gaming, professional visualization, and datacenter. NVIDIA's AI computing platform, Deep Learning, is used by many top tech companies, including Google, Amazon, and Facebook. With a market capitalization of over $500 billion, NVIDIA is a well-established player in the AI space, but its stock still has significant growth potential.

2. Alteryx, Inc. (AYX)

Alteryx is a software company that provides a self-service analytics platform that allows users to easily prepare, analyze, and share data. The company's platform uses AI and machine learning to help users make data-driven decisions. Alteryx has seen significant growth in recent years, with revenue increasing by over 50% in 2020. The company's stock has also performed well, with a return of over 100% in the past year. With a market capitalization of around $10 billion, Alteryx is a smaller but rapidly growing player in the AI space.

3. C3.ai, Inc. (AI)

C3.ai is a software company that provides an AI platform for enterprises. The company's platform allows users to build, deploy, and manage AI models at scale. C3.ai has partnered with several top companies, including Microsoft, Amazon, and Google, to provide AI solutions to enterprises. The company's stock has been volatile since its IPO in 2020, but it has significant growth potential as the demand for AI solutions continues to increase. With a market capitalization of around $5 billion, C3.ai is a smaller but innovative player in the AI space.

4. Palo Alto Networks, Inc. (PANW)

Palo Alto Networks is a cybersecurity company that provides a range of security solutions, including firewalls, intrusion detection systems, and cloud security. The company's security platform uses AI and machine learning to detect and prevent cyber threats. Palo Alto Networks has seen significant growth in recent years, with revenue increasing by over 20% in 2020. The company's stock has also performed well, with a return of over 50% in the past year. With a market capitalization of around $30 billion, Palo Alto Networks is a well-established player in the cybersecurity space with significant growth potential in the AI space.

In conclusion, these four under-the-radar AI stocks have significant growth potential and are worth adding to your watchlist. While they may not be as well-known as some of the larger tech companies, they are all innovators in the AI space and are poised to benefit from the increasing demand for AI solutions. As with any investment, it's essential to do your research and consider your own risk tolerance before investing in any stock. However, for investors looking to capitalize on the growth of AI, these four stocks are definitely worth considering.

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