12 Fast Growth AI Companies
12 Fast Growth AI Companies
12 Fast Growth AI Companies
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OUR COLUMNIST
Let’s go!
Emerging from the realms of science fiction, Artificial Intelligence (AI) has
transcended its imaginative origins to become an indispensable force
reshaping industries, economies, and societies worldwide.
Today, AI is no longer just in the movies anymore – it's here and it's real.
The story of AI's evolution is one of relentless human curiosity, ambition, and
ingenuity. AI has evolved from its early theoretical roots to practical
implementation – giving birth to the development of expert systems, neural
networks, and machine learning algorithms.
For example:
At the end of the day, AI helps to streamline operations, reduce costs, and
enhances customer experiences across industries.
Study them…
Research them…
Let’s start.
Before we get into the crux of the report, let us first understand what AI really
is and what it is not.
Sadly, that is not true. When it comes to AI, robotics, and automation, there
are some clear distinctions between these technologies.
Robotics is the field of designing and building robots. Robots are machines
that can perform tasks automatically. They can be programmed to follow a
set of instructions or to learn from their environment.
While AI, robotics, and automation are all related fields, they are not the
same thing. AI systems are able to learn and adapt, while robots and
automated systems are typically programmed to perform specific tasks.
If the said system is unable to do that then obviously they are just set
systems and not AI.
AI systems evolve…
Historical bubbles like the Dutch tulip mania (1634 to1637) and the more
recent crypto crash are examples of hype-driven demand.
Tulip mania saw the prices of tulip bulbs in the Netherlands reach exorbitant
levels. People believed that these bulbs would bring unimaginable wealth,
and the market frenzy grew. Tulip prices went as high as 5,500 guilders
($750,000 in today’s value) for a single tulip.
The crypto crash of the late 2010s serves as a more recent cautionary tale.
December 2017 saw Bitcoin hitting a high of $20,000 before it crashed to
$3,200 in December 2018. New regulations and acceptance from big
corporations saw bitcoin hit an all-time high of $68,000 in November 2021,
before crashing to $16,000. Many who jumped in during the ‘hype phases’
found themselves losing substantial sums when the bubble burst.
We’ve all heard about Alphabet, Google's parent company. We use their
products almost every other day: Search, YouTube, maps, Android phones,
cloud computing, etc.
Alphabet’s industry moat lies in the immense scale and diversity of its
services. Alphabet's data-driven insights and AI capabilities have created a
virtuous cycle, where user engagement feeds into its algorithms, refining its
offerings further.
Adobe is a software company that develops and sells digital media and
productivity tools. Its products are used by a wide range of customers,
including creative professionals, businesses, and consumers. Adobe's
flagship products include Photoshop, Illustrator, After Effects, Premiere
Pro, and Acrobat Reader.
Adobe competitive moat lies in its products as they are widely used and
considered to be the industry standard. Likewise, Adobe also has strong
brand recognition and a loyal customer base.
With millions of raving fans worldwide, Elon Musk has had a significant
influence on the popularity of Tesla, turning it into almost a pop culture
phenomenon. His charisma, his vision for the future, and his willingness to
take risks have all contributed to Tesla's success.
to train its AI models – which will help improve the accuracy and
reliability of its FSD.
It would be very interesting for Tesla shareholders should Tesla be the first
to make full autonomous driving a reality.
And this has led to a surge in demand for high-performance GPU chips.
GPU chips were first used for rendering heavy graphics for gamers. It was
later used to mine bitcoins as GPUs have the ability to perform parallel
computing – which is important for Bitcoin mining because it involves
solving complex mathematical problems.
Here we explore companies that are running in the ‘background’ that keep
AI systems operational.
NVIDIA has played a major role in the rise of AI. The company's GPUs are
essential for training and deploying AI models. AI models are trained on
large datasets, and GPUs can train these models much faster than CPUs.
• Image recognition
• Natural language processing
• Machine learning
• Deep learning
• Computer vision
• Robotics
Of course, Nvidia is not the only company that manufactures GPUs. Let us
explore another competitor that develops GPUs like NVIDIA…
AMD has played a significant role in the rise of AI. The company's GPUs
are used in a wide range of AI applications, including image recognition,
natural language processing, machine learning, and deep learning.
The key difference between NVIDIA and AMD is their business models.
NVIDIA is primarily a GPU company, while AMD is a broader
semiconductor company. This means that AMD has a wider range of
products, including CPUs and FPGAs, giving AMD a more diversified
business model and making it less reliant on the AI market.
AMD's GPUs are also better value for money. So while NVIDIA's GPUs are
the most powerful on the market (which makes them more expensive),
AMD’s GPUs are more affordable yet at the same time, can deliver pretty
similar results, making them a popular choice for AI developers.
AMD has also developed a number of AI software tools and platforms, such
as AMD ROCm. These tools and platforms make it easier for developers to
train and deploy AI models on AMD hardware.
Here are some examples of how AMD's GPUs are being used to power AI
in the real world:
• Fraud detection: AMD's GPUs are being used to develop new fraud
detection systems that can identify fraudulent transactions more
accurately and efficiently.
One of our top performer…. Super Micro Computer Inc. (SMCI) is a leading
provider of high-performance, high-efficiency server and storage solutions.
The company's products are used by data centers, cloud computing
providers, and enterprise customers around the world.
If you think you can’t find 10 Baggers in profitable companies, you couldn’t
be more wrong…
In addition to the AI boom, Super Micro is also benefiting from the growth of
the cloud computing market. Cloud computing providers, such as Amazon
Web Services (AWS) and Microsoft Azure, are using Super Micro's
products to build and expand their data centers.
Dell Technologies is the market leader in the server and storage market,
according to market research firm IDC. Dell has a market share of over
17%.
Here are some examples of how Dell Technologies servers are benefiting
from the AI boom:
As the market leader in server and storage market that supports AI, Dell
Technologies is well-positioned to benefit from the continued growth of AI
FINAL WORDS
The months that followed saw the adoption of AI in the mass public…
One reader even commented that he always enjoyed reading and looking
into anything we put out. Lucky him.
And here’s our last piece of advice if you are looking to catch the AI wave..
- How is the company doing in recent years? Is it still growing? Has the
customer base stayed stagnant?
Of course if you do believe in AI and doesn’t have the time to pick individual
companies, you can always go for AI ETFs
– which basically means you are investing in the future of AI and Robotics,
If you’d like to discover more insights and knowledge and become a better
investor, you can always check out our online investment magazine The Fifth
Person.
There are tons of information and many investment strategies there for you
to pick up and use immediately.
Last, we hope this report has given you some ideas what are some of the
top AI stocks in the industry.
At the end of the day, when you invest, it is the business that you are buying.
Happy Investing…
Best,
The Fifth Person