BEST 10 AI SOFTWARE STOCKS TO BUY AND HOLD IN 2022 AND BEYOND

With the changing business landscape, AI software stocks are playing a crucial role in every industry vertical

Companies employ artificial intelligence in two main ways. Many tech companies use Artificial Intelligence, Machine Learning, and Analytics to make their existing operations more powerful through high-profile applications including robotics, self-driving cars, and virtual assistants. According to reports, the global artificial intelligence market is on track to hit more than US$554 billion in total revenue by 2024. Countless companies stand to benefit from AI, but a handful of companies have business models focused specifically on automation. This article features the top 10 best AI software stocks that provide unique and advanced AI algorithms at fast speed and more reliable solutions at competitive rates.

Kellton Tech

Current Price: US$90.85

Market Cap: US$8.771 billion

Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. Kellton Tech creates cutting-edge, focused AI solutions to challenges that traditionally needed a great lot of human intellect, ranging from machine learning to deep learning.

Happiest Minds

Current Price: US$1,040.00

Market Cap: US$152.767billion

Happiest Minds To help organizations provide immersive consumer experiences and surpass the competition, combine augmented intelligence with natural language processing, image analytics, video analytics, and upcoming technologies like AR and VR at Happiest Minds. Happiest Minds imagine and develop the next generation of intelligent systems capable of thinking, learning, creating, and making decisions in the same way that humans can. It is one of the best AI software stocks to buy and hold in 2022.

C3.ai

Current Price: US$22.34

Market Cap: US$2.347 billion

C3.ai is a SaaS company whose software allows companies to deploy large AI applications. The company’s tools help its customers accelerate software development and reduce cost and risk, and they have a wide variety of applications. For example, the U.S. Air Force uses C3 AI Readiness to predict aircraft systems failures, identify spare parts, and find new ways to increase mission capability.

Alteryx 

Current Price: US$58.78

Market Cap: US$3.976 billion

Alteryz is a provider of data analytics software that empowers data workers to solve problems with a wide range of analytics and data science tools. Its Alteryx Intelligence Suite, one of several products, offers machine learning capabilities, including automated modeling and natural language processing to build models. It is one of the best AI software stocks to buy and hold in 2022.

DocuSign 

Current Price: US$115.00

Market Cap: US$22.756 billion

DocuSign is an AI-powered leader in digital signature software, has made significant inroads into machine learning in recent years. In 2020, the company acquired Seal Software, an enterprise contract analytics company that uses machine learning for organizing and identifying risks and opportunities in contracts. For years, DocuSign has been building machine learning tools such as DocuSign Insight to help with contract analysis through natural language processing.

Applied Materials

Current Price: US$136.47

Market Cap: US$121.184 billion

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. It is one of the best AI software stocks to buy and hold in 2022.

ZoomInfo Technologies

Current Price: US$53.30

Market Cap: US$22.682 billion

ZoomInfo Technologies Inc., through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision-makers, obtain continually updated predictive leads, and more.

Accenture plc

Current Price: US$322.91

Market Cap: US$204.079 billion

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software, and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and more. It is one of the best AI software stocks to buy and hold in 2022.

NICE Ltd. 

Current Price: US$239.25

Market Cap: US$15.102 billion

NICE is a leading provider of software applications that manage call center operations and customer interactions. NICE’s AI and machine learning technology also streamlines fraud detection and regulatory compliance. The company’s AI helps businesses categorize and analyze voice communications, leveraging the power of data analytics to improve business interactions with contact center teams.

Epam Systems

Current Price: US$440.99

Market Cap: US$25.013

EPAM Systems, Inc. provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration. It is one of the best AI software stocks to buy and hold in 2022.