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3 Stocks That May Benefit from The AI Race
By The Smart Investor  •  May 11, 2023
Artificial intelligence (AI) has been the talk of the town. The momentous launch of OpenAI’s ChatGPT backed by Microsoft (NASDAQ: MSFT) in November last year has undoubtedly sparked the coming of a golden age that is being touted as the “AI Spring”. Following that, we witnessed a flurry of activity in this space with accelerated deployment by competitors and record-breaking adoption rates by consumers. Some of the largest banks such as Morgan Stanley (NYSE: MS) view AI as an investment megatrend. Unfortunately, pure play AI stocks have fared somewhat poorly. As of April 2023, C3.ai (NASDAQ: AI), BigBear.ai Holdings (NYSE: BBAI), and SoundHound AI (NASDAQ: SOUN) have lost anywhere between 65% to 80% since inception. If the prospect of holding onto these names haunts you, rest assured as there are other methods  that investors can tap on to participate in the burgeoning growth of AI. Here are three companies that you can consider if you remain convinced that AI is the future....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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