Undiscovered AI Gems: Don’t Sleep on These 3 Cutting-Edge Stocks

InvestorPlace04-18

Here are undiscovered AI gems. Don’t sleep on these three cutting-edge stocks. Lam Research (LRCX): This company is essential to the global semiconductor industry that’s driving the AI revolution. ...

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Don’t sleep on these three cutting-edge stocks.\nLam Research (LRCX): This company is essential to the global semiconductor industry that’s driving the AI revolution. \n...</p>\n\n<a href=\"https://investorplace.com/2024/04/undiscovered-ai-gems-dont-sleep-on-these-3-cutting-edge-stocks/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Undiscovered AI Gems: Don’t Sleep on These 3 Cutting-Edge Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUndiscovered AI Gems: Don’t Sleep on These 3 Cutting-Edge Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 01:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/undiscovered-ai-gems-dont-sleep-on-these-3-cutting-edge-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are undiscovered AI gems. Don’t sleep on these three cutting-edge stocks.\nLam Research (LRCX): This company is essential to the global semiconductor industry that’s driving the AI revolution. \n...</p>\n\n<a href=\"https://investorplace.com/2024/04/undiscovered-ai-gems-dont-sleep-on-these-3-cutting-edge-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1917777945.USD","symbol_name":"安联专题基金Cl AT Acc","start_time":0,"source_url":"https://investorplace.com/2024/04/undiscovered-ai-gems-dont-sleep-on-these-3-cutting-edge-stocks/","article_id":"2428545322","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428545322","pubTimestamp":1713376658,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Here are undiscovered AI gems. 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Don’t sleep on these three cutting-edge stocks.\nLam Research (LRCX): This company is essential to the global semiconductor industry that’s driving the AI revolution. \nSymbotic (SYM): This company uses AI to power its warehouse robotics technology. \nAdobe (ADBE): The software company is cascading AI across its various products. \n\n\n\n\n\n \n\nSource: Tapati Rinchumrus / Shutterstock.com\n\n\n\nJamie Dimon, the CEO of JPMorgan Chase (NYSE:JPM), made headlines not long ago when he said that artificial intelligence (AI) could be as transformative as electricity or the internet. Dimon’s comments underscore the high hopes and big aspirations that Wall Street has for AI stocks. Companies large and small are racing to develop new AI applications and platforms, and to monetize their products. \nAt stake is an industry that could contribute more than $15 trillion to the global economy by 2030, transforming everything from journalism and medicine to the automotive and design industries. While the companies leading the AI race are well-known, there are other AI concerns that are flying under the radar, getting little attention from either the media or investors. Ignore these companies at your own peril. Here are undiscovered AI gems. Don’t sleep on these three cutting-edge AI stocks.   \nLam Research Corp. (LRCX)\nSource: Michael Vi / ShutterstockLam Research Corp. (NASDAQ:LRCX) is an essential part of the global microchip and semiconductor industry and demand for its products is red hot as artificial intelligence comes to dominate the industry. Specifically, Lam Research supplies wafer-fabrication equipment to the semiconductor industry. Its products are used in front-end wafer processing, which involves the development of the active components of semiconductor devices and their wiring.\nThe important nature of Lam Research’s products has made the company’s stock a top performer. LRCX stock is up 29% this year, has risen 96% over the last 12 months, and has increased 367% through five years. Demand for semiconductors among companies building AI applications and platforms has led to strong earnings at Lam Research. The company reported fourth quarter 2023 earnings per share of $7.52, which beat analyst estimates of $7.07. Revenue totaled $3.76 billion versus $3.70 billion expected. \nSymbotic (SYM)\nSource: T. Schneider / Shutterstock.comSymbotic (NASDAQ:SYM) is an American robotics warehouse automation company. It creates automated warehouse systems for businesses in America and neighboring Canada. And it uses AI as a main feature in both its software and robotics. The company’s long-term stock performance is exceptional. However, the share price has pulled back recently, opening up a buy-the-dip opportunity. While SYM stock has gained 50% over the last 12 months and is up nearly 300% over five years, however it has declined 18% in 2024.\nMost of the decline in SYM stock occurred in February after the company reported earnings that were inline with Wall Street estimates. Symbotic announced a profit of $14 million. It was the company’s second consecutive quarter of profitability. It also reported that its sales grew 79% year-over-year in the quarter to $368 million. However, both the financial results and forward guidance provided largely matched analysts’ expectations, sending SYM stock lower. The share price likely won’t be down for long. \nAdobe (ADBE)\nSource: Tattoboo / ShutterstockSoftware company Adobe (NASDAQ:ADBE) is on the list of AI stocks that have fallen on hard times and does not appear to be top-of-mind with investors. Year to date, ADBE stock is down 18%. The selloff occurred after privately held OpenAI launched Sora, an AI platform that can generate videos based on written descriptions and competes directly with a similar product from Adobe. During Q1, Adobe also canceled its planned $20 billion acquisition of design software start-up Figma and had to pay a $1 billion termination fee.\nThe ADBE stock decline doesn’t reflect the company’s adoption of AI among its software products, along with its strong earnings. In mid-March, Adobe reported financial results for its fiscal first quarter. Adobe announced EPS of $4.48 versus $4.38 that was expected on Wall Street. Revenue came in at $5.18 billion compared to $5.14 billion that was anticipated. Sales grew 11% from a year earlier. Reports say Adobe is now exploring an AI partnership with OpenAI.\nOn the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nJoel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.Technology, Artificial Intelligence\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/undiscovered-ai-gems-dont-sleep-on-these-3-cutting-edge-stocks/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428545322"}