Experts Recommend Two Artificial Intelligence Stocks

Stocks markets were in turmoil for the last few months due to the pandemic. Many companies couldn’t weather the storm and found themselves at the bottom of the line. Investors need to be more careful before sinking their money into shares, especially in times of an economic crisis. 

Some shareholders were puzzled due to the fast rebound at the end of March. However, the market’s movements aren’t unusual. Long-term real interest rates stay negative, but the Federal Reserve is flooding the market with cheap credit. Analysts predict that the current economic slowdown will be temporary thanks to the massive stimulus measures.

However, most of the futures are selling cheaply right now. So, it is the ideal time to buy tech stocks which aren’t negatively affected by the lock down and economic slowdown. Some analysts think that artificial intelligence and robotic companies look especially good, considering that we live on the cusp of a technological revolution. Here are two such stocks with strong potential. 

NVIDIA Corporation 

NVIDIA is a visual computing company. It has been one of the best performers in the U.S. stock market for the last several years. It operates in two segments, Tegra Processor and GPU. Furthermore, the stock has a market capitalization of $261.104bn. NVIDIA’s shares have skyrocketed by 77% in 2020, and by 150% in the last twelve months, against its industry’s 45% climb. The stock traded at $20 at the beginning of 2015, but currently, it trades at $424.56. 

Intuitive Surgical, Inc. 

Intuitive Surgical is working with its subsidiaries. It designs, manufactures, and sells da Vinci surgical systems and related instruments in the United States as well as worldwide. The company’s market capitalization is worth of $80.443B. Its shares have rallied by 15% this year.

Even though the company reported an adjusted EPS of $1.11 for the second quarter of 2020, earnings collapsed by 65.8% year over year. The company’s reported revenues also plummeted down by 22.5% ($852.1 million). Despite that, the company has strong fundament, and analysts think that it will recover losses soon.