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 emerged as a game-changer in the technology sector, transforming the way businesses operate and interact with customers. The AI industry is expected to continue its rapid growth, with the global AI market projected to reach $190 billion by 2025. While many popular AI stocks have already gained significant attention from investors, there are several under-the-radar AI stocks that have the potential to deliver substantial returns in the long term. In this article, we will explore four under-the-radar AI stocks that you should consider adding to your watchlist.

1. NVIDIA (NVDA)

NVIDIA is a leader in the field of AI computing, providing graphics processing units (GPUs) that are used in a wide range of AI applications, including deep learning, natural language processing, and computer vision. While NVIDIA is not entirely under the radar, its AI-focused subsidiary, NVIDIA Deep Learning AI, is less well-known. This subsidiary is focused on developing AI-powered solutions for industries such as healthcare, finance, and transportation. With a strong track record of innovation and a dominant position in the AI computing market, NVIDIA is an attractive addition to any AI-focused portfolio.

2. Alteryx (AYX)

Alteryx is a software company that provides a platform for data science and analytics, enabling businesses to make data-driven decisions using AI and machine learning. The company's platform is used by over 6,000 customers worldwide, including many Fortune 500 companies. Alteryx has a strong growth trajectory, with revenue increasing by over 50% in the past year. With its focus on democratizing access to AI and analytics, Alteryx is an under-the-radar stock that has the potential to deliver significant returns in the long term.

3. C3.ai (AI)

C3.ai is a software company that provides an AI-powered platform for enterprise applications, including customer service, supply chain management, and predictive maintenance. The company's platform uses machine learning algorithms to analyze large datasets and provide insights that can help businesses optimize their operations. C3.ai has a strong partnership with Microsoft, which has invested heavily in the company and uses its platform to power its own AI applications. With a growing customer base and a strong partnership with a tech giant, C3.ai is an attractive under-the-radar AI stock to watch.

4. Splunk (SPLK)

Splunk is a software company that provides a platform for data-to-everything, enabling businesses to turn data into actionable insights using AI and machine learning. The company's platform is used by over 90% of the Fortune 100 companies, including many leading brands in the technology, finance, and healthcare sectors. Splunk has a strong growth trajectory, with revenue increasing by over 30% in the past year. With its focus on providing AI-powered insights to businesses, Splunk is an under-the-radar AI stock that has the potential to deliver significant returns in the long term.

In conclusion, while many popular AI stocks have already gained significant attention from investors, there are several under-the-radar AI stocks that have the potential to deliver substantial returns in the long term. NVIDIA, Alteryx, C3.ai, and Splunk are four under-the-radar AI stocks that you should consider adding to your watchlist. These companies have strong growth trajectories, innovative products, and a dominant position in their respective markets. As the AI industry continues to grow and evolve, these under-the-radar stocks have the potential to deliver significant returns for investors who are willing to take a closer look.

Before investing in any stock, it's essential to do your own research and consider your own risk tolerance and investment goals. It's also important to keep in mind that the stock market can be volatile, and there are no guarantees of returns. However, for investors who are looking to capitalize on the growing demand for AI solutions, these four under-the-radar AI stocks are definitely worth considering.

By adding these stocks to your watchlist and staying up-to-date with the latest developments in the AI industry, you can position yourself for potential long-term growth and returns. Remember to always do your own research, consult with a financial advisor if necessary, and never invest more than you can afford to lose.

Disclaimer: This article is for informational purposes only and should not be considered as investment advice. The author and the publication are not responsible for any losses or gains that may arise from the information provided in this article.