Artificial intelligence technology, for all the people talking about it, is still in its early stages. While a handful of tech names seem to dominate the space currently, investors looking to invest in AI may be wondering which companies are likely to do better as the field evolves.
Other investors are clearly eager to jump in right now. Excitement around the possibilities in AI had helped AI stocks pull ahead of the market in the first half of 2024, and a lull in the summer has been followed by an autumn rebound. The Morningstar Global Next Generation Artificial Intelligence Index has returned 35.55% for the year to date, versus 25.56% for the broad-based Morningstar US Market Index as of Nov. 14.
Best AI Stocks to Buy Now
To find the best AI stocks, we look to the Morningstar Global Next Generation Artificial Intelligence Index. The AI stocks on this list are among the index’s top constituents, and they all earn Morningstar Ratings of 4 or 5 stars, as of Nov. 14, 2024, which means they’re undervalued.
- Microsoft MSFT
- Alphabet GOOG
- Taiwan Semiconductor Manufacturing TSM
- Adobe ADBE
- Snowflake SNOW
- Cognizant Technology Solutions CTSH
- Baidu BIDU
- Dassault Systemes DASTY
- Okta OKTA
- UiPath PATH
Here’s a little more about each of the best AI stocks to buy, including commentary from the Morningstar analyst who covers the stock. All data is as of Nov. 14, 2024.