HomeMarket NewsUnleashing the Potential: Machine Learning Stocks Poised for Outsized Growth

Unleashing the Potential: Machine Learning Stocks Poised for Outsized Growth

Actionable Trade Ideas

always free

InvestorPlace – Stock Market News, Stock Advice & trading Tips

The world of machine learning is akin to a burgeoning garden, where seeds of data are sown, nurtured, and reap a harvest of insights. A landscape once dominated by the artistry of human minds now finds itself enhanced by the precision of programmed intellect. The market potential, projected to soar as high as $771.32 billion by 2032, beckons investors with promises of bountiful returns.

From healthcare, where machine learning expedite diagnoses and refine treatments, to finance, with predictive analytics enhancing precision, the applications are far-reaching. It’s a symphony where technology conducts the data, leading to a crescendo of discoveries, diagnoses, and decisions.

Leading the Charge: Nvidia (NVDA)

Nvidia logo seen on smartphone which is placed on pile of US dollar bills. Concept. Selective focus. Stocks to buy like Nvidia

Nvidia – a stalwart in the land of AI and machine learning, standing tall at $700 a share. Whisperings in the market echo of a rally to $1,000 and beyond. With a slew of powerful chips like the Grace Blackwell 200 Superchips and the H100 GPUs, Nvidia wields its dominance over machine learning with finesse. Analysts, mirroring this sentiment, set sail on the NVDA ship, raising the price target to $1,100, as enterprises and Sovereigns set their sails for Nvidia’s horizon, beckoned by the call of innovation.

The Visionary: Palantir Technologies (PLTR)

Palantir logo on the smartphone and the company share price on the day of opening the trade October 1, 2020. Palantir valued at $15.8bn in stock market debut. PLTR stock

Palantir Technologies, the architects of machine learning decisions, sculpt futures with AI at the core. Securing a colossal $178 million TITAN contract with the U.S. Army, Palantir embarks on a journey of innovation and growth. Wedbush, witnessing this spectacle, raises their price target, citing a revolution in AI deployment. Earnings soar, beating expectations, as the mantle of enterprise spend passes to Palantir’s capable hands.

Embracing Diversity: Global X Robotics & Artificial Intelligence (BOTZ)

ai stocks to buy1600trading in artificial intelligence concept. AI stocks to buy”>

For those seeking a broader canvas, Global X Robotics & Artificial Intelligence (BOTZ) offers an eclectic mix of 43 AI and machine learning companies. With Nvidia, Intuitive Surgical, ABB Ltd., SMC Corp., and UiPath Inc. among its top holdings, BOTZ etches a tapestry of innovation. As the AI and machine learning saga unfolds, the ETF charts a course to potential highs, harboring giants like Nvidia at an affordable entry price.

On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.

More From InvestorPlace

The post 3 Machine Learning Stocks That Could Be Multibaggers in the Making: March Edition appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.