3 Great AI Stocks to Own in 2024

As we stride into 2024, investors who are keen to tap into the burgeoning AI market have a number of stellar options to consider. The AI sector is booming, with technological advancements and increasing adoption across various industries fueling growth. In this context, let's delve into three high-caliber tech stocks that are positioned to thrive in the AI landscape.

Nvidia Corporation NVDA

Nvidia Corporation, the American multinational technology firm known for its graphics processing units (GPUs), stands as a powerhouse in the AI field. Incorporated in Delaware and based in Santa Clara, California, Nvidia is recognized not only for its dominance in the gaming market but also for its substantial contributions to the professional market through its GPUs. Moreover, Nvidia has made significant strides in mobile computing and the automotive sector with its system on a chip units (SoCs). The robust growth in AI applications for data centers, machine learning, and autonomous vehicles presents a lucrative opportunity for Nvidia, which is at the forefront of these technologies. The company's consistent innovation and expansion into AI-centric markets make NVDA a stock worth owning in 2024.

International Business Machines Corporation IBM

International Business Machines Corporation (IBM) has a storied history as a trailblazer in the technology sector. Headquartered in Armonk, New York, and with operations spanning over 170 countries, IBM began as the Computing-Tabulating-Recording Company (CTR) in 1911 and was renamed in 1924. Its New York incorporation and global reach are a testament to its enduring significance in the industry. IBM's portfolio of products and services, which includes advanced computer hardware, middleware, software, as well as hosting and consulting services, is vast and varied. The company's role in revolutions from mainframes to nanotechnology has solidified its position as a leading research entity, boasting the highest number of annual U.S. patents by a business for nearly three decades. Innovations such as the ATM, floppy disk, and SQL programming language stem from IBM's ingenuity. With a focus on integrating AI across its offerings and a commitment to innovation, IBM signifies a strategic investment choice for those looking to leverage AI growth in the coming years.

Investment, AI, Technology