Sep 05, 2021 (Vehement Media via COMTEX) -- London, UK, PRWIRE - Artificial Intelligence (AI) stocks could be interesting to investors in the coming months. AI is predicted to grow into a $107 billion market by 2027, according to analyst's most recent report on global health care markets and technologies. AI is a fast-growing industry. FinancialCentre broker, Andy Tutcher , says the overall market size in 2019 was $3.9 billion but it's expected to grow at 49.8% for the next five years which would make AI worth over $30 billion by 2027! Investors are looking into finding the best stocks that they can buy today and I have some recommendations if you're interested...
AI companies such as Veeva /zigman2/quotes/202850210/composite VEEV +2.39% are already helping some of the top medical organizations in the world. Namely, they're optimizing operations with AI and cloud-computing tech to help healthcare giants across all areas that make up their business. Just this week, it announced 6 of the top 20 global pharmaceuticals will be working together on a new project using its software platform for pharma-management services; something that's never been done before due to high-security concerns around data privacy regulations typically surrounding these types of collaborations between competing entities within an industry like drug development or sales processes where confidential information is shared amongst participants regularly without any concern about unauthorized access by competitors who would otherwise love nothing more than getting into bed with each other...
AI stocks are worth looking at because they play a key role in evolving industries depending on the situation. They can be found across different sectors, such as cyber security and healthcare. Here is an overview of how AI works within these companies to provide valuable services for their customers:
Investing in AI enables us to have more advanced systems that we use daily - something which has many benefits considering our increasingly complex world!
Amazon is a multinational tech company that is based in Seattle, Washington. The tech giant focuses on e-commerce and digital streaming as well cloud computing and has recently made huge strides into the AI sector through its Amazon Web Services (AWS). AMZN stock currently trades at $3,192.22 as of 10:07 a.m., ET.
Amazon announced that their net sales increased by 44% year-over-year to $108.5 billion, while the company's net income also grew from last quarter with a total of 8.1 billion dollars gained and per diluted share at 15.79 cents in this first quarterly earnings report for 2021 so far. The AWS division saw significant customer momentum through new commitments and migrations throughout many major industries such as retail, education, etc...
In detail, Amazon has become a $54 billion annual sales run rate business in competing against the world's largest technology companies. They also experienced 32% growth year-over-year with no signs of stopping.
Nvidia is the top AI Company. As we become more data-driven, companies need better tools to operate in this economy. Nvidia provides speech recognition and recommender systems that help drive businesses forward as well as other useful technologies like medical imaging and supply chain management for our modern world of technology. NVDA stock currently trades at $556.85 with a 1 year gain of 65%.
AI has been a major focus of Walmart's recently and is poised to play an important role in improving customer experience, stocking items as well as pricing. In fact, the company is currently working with Grant Gelvin on their dynamic pricing system which reduces excess food waste by ensuring that perishable goods are sold at prices within reach for customers.
Not only did Nvidia announce its fourth quarter and fiscal 2021 results as well, but it also reported a record quarterly and full-year revenue for the company. For Q4 2018, Nvidia saw $5 billion in revenue which was up by 61% from last year's numbers. On top of that, this is an increase from their previous three-quarters revenues totaling around 52%, 47%, 44%. With so many great things happening to them I'm sure they'll continue having success moving forward with NVDA stock!
Adobe, a global company in California, is worth considering for investment now. Adobe's suite of design and productivity tools helps create top-quality digital experiences that can be enjoyed by people from all over the world. With ADBE stock trading at $633.63 as of 10:34 AM EST, it may be time to invest!
In an industry first, Adobe has partnered with Pfizer and Walgreens to launch its new product - the AEH. The AEH aims at improving health care by helping hospitals become more technologically advanced through the digitization of their services while also reducing costs on operations. Many early adopters have already been announced including CVS Health Corp /zigman2/quotes/209664499/composite CVS +0.32% , Framingham State University in Massachusettes as well as Terrebonne General Medical Center located in Houma, Louisiana among others.
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