With continuous breakthroughs in AI technology and its deep integration with various applications, major companies worldwide are actively positioning themselves, leveraging advanced technologies such as generative AI to empower businesses with new capabilities and optimize decision-making processes and operational efficiency. This trend has spurred a growing demand for more diverse customization in AI. According to the latest forecast data from IDC, the total investment in global AI IT technology is expected to reach $128.8 billion by 2022, projected to increase to $423.6 billion by 2027, with a five-year compound annual growth rate of approximately 26.9%.
As AI technology continues to mature and proliferate, investors are increasingly interested in stocks related to the AI field. In 2024, AI stocks are still considered one of the most promising investment targets.
What are AI concept stocks? Which companies are involved?
AI concept stocks do not necessarily have direct ties to AI, but mainly refer to stocks of companies related to artificial intelligence (AI) technology in financial markets. These companies typically focus on developing, applying, or providing AI technology, products, or services in their business operations.
AI Concept Stock Business Types |
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AI Industry Chain |
Related Themes |
Related Companies |
Upstream |
Chip,CPU,GPU production |
TSMC、AMD |
Midstream |
Computers、computing |
Dell、Apple、Lenovo |
Downstream |
AI software |
Google、Microsoft |
Below are some representative AI concept stocks and their corresponding companies:
- NVIDIA (NASDAQ: NVDA): NVIDIA currently dominates the global AI chip market, with a soaring market capitalization of $2.28 trillion, achieving a magnificent leap from the seventh to the third position in the US stock rankings, with an annual growth rate of up to 308%.
- Microsoft (NASDAQ: MSFT): Microsoft leads the industry with its Azure AI services, collaborating with top research institutions to deepen foundational research. On the product front, Microsoft has launched the Copilot intelligent assistant to enhance work efficiency. Additionally, Microsoft actively promotes AI applications across various industries, bringing about societal transformation. Microsoft's stock price surged by 59% in 2023. Its code hosting platform GitHub has seen continuous growth in user numbers over three consecutive months, demonstrating Microsoft's robust performance in the market. Furthermore, Microsoft's investment in the AI startup OpenAI has further boosted investor confidence. Recently, Microsoft paid $620 million to obtain authorization for the Inflection AI model, continuing its commitment to AI innovation and development.
- Baidu Group: In April 2023, Baidu launched "Wenxin Yiyuan," hailed as the Chinese version of ChatGPT, which has since undergone four iterative upgrades, showcasing its formidable technological prowess. Meanwhile, Baidu also introduced the "Luobo Kuaipao" autonomous driving platform, further solidifying its leading position in the AI field. Baidu's 2023 financial report shows that "Wenxin Yiyuan" will contribute tens of billions of yuan in incremental revenue in 2024.
- Tencent Holdings: Tencent has a wide-ranging presence in the AI field, covering multiple areas such as machine learning, computer vision, and natural language processing. Its self-developed AI basic model "Hunyuan" has been widely used in various Tencent products. Tencent Cloud's self-developed Xingmai high-performance computing network can improve GPU utilization, save model training costs, and provide higher communication performance for AI large models. Tencent's revenue in the fourth quarter of last year increased by 7 percentage points to 155 billion yuan, and it plans to double its share buyback scale to over 100 billion Hong Kong dollars in 2024.
These are just a few examples of AI concept stocks and their respective companies. With AI technology being widely applied across various industries, many other companies are also venturing into the field of artificial intelligence. When selecting AI stocks for investment, investors should consider factors such as the company's business model, technological strength, and market prospects.
Overview of AI Concept Stock Rankings
Company Name |
Stock Type |
Stock Code |
Latest Market Value |
Related Themes |
Microsoft Corporation |
US Stock |
MSFT |
$3.19 trillion |
AI, Cloud Computing |
Apple Inc. |
US Stock |
AAPL |
$2.64 trillion |
AI, Smart Technology |
NVIDIA Corporation |
US Stock |
NVDA |
$2.28 trillion |
AI, High Performance Computing |
Amazon.com Inc. |
US Stock |
AMZN |
$1.85 trillion |
AI, E-commerce |
Alphabet Inc. |
US Stock |
GOOG |
$1.84 trillion |
AI, Search |
Meta Platform,inc |
US Stock |
META |
$1.29 trillion |
AI, Social Media |
Taiwan Semiconductor Manufacturing Company Ltd. |
Taiwan Stock |
TSM |
$723.2 billion |
Chips |
Broadcom Inc. |
US Stock |
AVGO |
$624.6 billion |
AI, Networking |
Baidu, Inc. |
Hong Kong Stock |
SW (9888) |
$297.108 billion HKD |
AI, Search |
Alibaba Group Holding Limited |
Hong Kong Stock |
SW (9988) |
$1.44 trillion HKD |
Cloud Computing, E-commerce |
Tencent Holdings Limited |
Hong Kong Stock |
0700 |
$2.76 trillion HKD |
loud Computing, Social Media |
Xiaomi Corporation |
Hong Kong Stock |
W(1810) |
$373.228 billion HKD |
Smart Technology, AI |
Meitu, Inc. |
Hong Kong Stock |
1357 |
$15.448 billion HKD |
AI, Image Processing |
NetEase, Inc. |
Hong Kong Stock |
S(9999) |
$523.128 billion HKD |
Internet, Gaming |
SenseTime Group Limited |
Hong Kong Stock |
W(0020) |
$25.171 billion HKD |
AI, Intelligence |
resource:MarketWatch
This diagram is provided for illustrative purposes exclusively
How to place a trade on uSMART mobile application:
After logging into the uSMART SG app, select "Market" at the bottom of the page.Click on the search button at the top of the page to search for the AI concept stock code you wish to purchase.Once you've found the desired stock, click on it to view details.On the stock details page, tap on "Trade" at the bottom right corner.Choose the "Buy/Sell" function.Enter the quantity of shares you want to purchase and the trading conditions.Click "Place Order" to complete the purchase.If you choose the "Smart Order" function, simply select the type of smart order.You can refer to the picture guide below for visual instructions.
This diagram is provided for illustrative purposes exclusively
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