News Feb 26, 2024 12:41 PM EST

Future-Proof Your Portfolio: Top 5 AI Investments to Watch Out for in 2024

By Isaiah McCall

Artificial Intelligence (AI) has been the buzzword on everyone's lips, and it's not just because Siri got a new update.

We're talking about investments that can potentially supercharge your portfolio. Buckle up as we delve into the top 5 AI investments for 2024.

(Photo : Getty Images) AI Investing

1. Nvidia Corp: The Powerhouse of AI

Nvidia has been a dominant player in the AI field, thanks to their cutting-edge GPUs that power everything from gaming to deep learning algorithms. With a current trading price of around $625 and a target price of $1,100, Nvidia is an investment with exciting potential.

As a tech geek, I've always admired Nvidia's innovation. I remember when I built my first gaming PC, the Nvidia graphics card was the crown jewel.

2. Alibaba Group Holding Ltd: The Eastern Giant

Alibaba, the Chinese e-commerce titan, is making significant strides in AI, from smart logistics to cloud computing. Despite the regulatory challenges in China, Alibaba's commitment to AI innovation makes it a compelling investment.

I recall ordering a quirky gadget from Alibaba once. It was delivered faster than the pizza I ordered the same day! That's when I realized the power of their smart logistics.

3. Mastercard Inc: The Payment Innovator

Mastercard might seem like an unusual pick, but their investment in AI to enhance digital payments and fraud detection is noteworthy. Who knew that the card you used for your morning latte could be part of your investment portfolio?

I'll never forget the time when my Mastercard saved me from a fraudulent transaction. That's when I truly appreciated their AI-powered security measures.

4. Aptiv PLC: Driving the Future

Aptiv, a global tech company, is driving the future with its AI-powered autonomous driving solutions. Investing in Aptiv feels like taking a front-row seat in the future of transportation.

I remember seeing an Aptiv self-driving car during a trip to Vegas. It felt like I had stepped into a sci-fi movie!

5. Alphabet Inc: The Tech Titan

Alphabet, the parent company of Google, needs no introduction. From search engines to self-driving cars, Alphabet's AI endeavors are vast and diverse, making it a robust addition to your portfolio.

As a long-time user of Google products, I've seen firsthand how their AI advancements have made life easier, from finding the nearest taco joint to predicting traffic on my commute.

Conclusion: Embrace the AI Revolution

2024 is shaping up to be an exciting year for AI investments. By investing in these companies, you're not just putting your money into stocks; you're investing in a future molded by artificial intelligence.

Remember, investing is like surfing - you need to catch the wave at the right time. And in 2024, the AI wave is one you won't want to miss.

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