4 Top Artificial Intelligence Stocks to Buy Now

By Travis Hoium – Oct 18, 2023 at 8:30AM

NASDAQ: ADBE

Adobe

Market Cap

$214B

Today's Change

(0.87%) $4.12

Current Price

$477.56

Price as of April 26, 2024, 4:00 p.m. ET

AI is more than just chip stocks, it's the products people will use every day. These four companies have the strategy to win in the long term.

Artificial intelligence (AI) stocks have driven the market in 2023 and for good reason. There are billions of dollars being invested in new hardware and software technologies that could change how we live and work.

But not every company will succeed in AI. The winners will have products that AI makes better, and that's what Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of Oct. 13, 2023. The video was published on Oct. 16, 2023.

Travis Hoium has positions in Dropbox, Shopify, and Spotify Technology. The Motley Fool has positions in and recommends Adobe, Nvidia, Shopify, and Spotify Technology. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.