3 AI Stocks to Buy Now - Tesla

Artificial intelligence is definitely one of the most fascinating technologies in the world today. It's pretty clear that AI use cases span almost every industry, whether it's using machine learning to make companies more efficient, leveraging AI to improve consumer finances, or building self-driving vehicles. The global artificial intelligence market is expected to grow at an annual rate of 40.2% from 2021 to 2028, meaning it's hard not to join the companies involved in the adoption of this intriguing technology. With more and more organizations deciding to implement AI in some way, and the global pandemic fueling the industry's market growth with secular trends, investing in the stocks of businesses that are at the forefront of AI could really pay off in the next few years. That's why we've put together a list of “3 AI stocks to buy now” to help investors make the right choices.

3.Tesla

It is a well-known fact that one of the most interesting applications for AI technology is the automotive industry, and it is probably only a matter of time before fully autonomous vehicles become commonplace on highways and roads around the world. Tesla (NASDAQ:TSLA) is at the forefront of this movement in electric vehicles, robots and more. CEO Elon Musk, a big proponent of artificial intelligence, recently held a promotional Tesla AI Day event to discuss some of the unique ways the company is looking to harness the power of this fascinating technology. Musk discussed details of a custom AI chip called D1, which will be used to develop the machine learning algorithm behind the company's self-driving system. The D1 could be the key to perfecting autonomous vehicle technology and is definitely an interesting update to follow. Of course, owning shares in Tesla means betting on renewable energy and owning one of the fastest growing electric vehicle companies in the world; this is another reason to consider adding the stock to your portfolio.       3 AI Stocks to Buy Now – Tesla Source: Investing.com