Top Performing AI Stocks to Watch Out For in September - IT News Africa | Business Technology, Telecoms and Startup News

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Joshua Warner, market analyst for City Index has revealed the most exciting AI stocks to watch, as part of their AI stock index.

A few of the highlights from the research reveals the following companies as top AI performers:Palantir has promise, but stock prices will need to stabilise.IonQ has a bright future, but markets have got ahead of themselvesNVIDIA is the leading provider of chips that are needed for data centres to run powerful AI and machine-learning applications, and it is the poster child of the AI world after earning a $1 trillion valuation this year.

Joshua says, “Nvidia’s shares have been undergoing a correction since peaking at all-time highs in July. We have seen the stock set lower highs since then to suggest we could be seeing a reversal, although the 7-week low hit a few days ago remained above the trough we saw in June.

Unlike Palantir, C3.ai has seen the potential in the AI market long before it became a reality this year. They provide over 40 AI software solutions, from tools that can analyse banking transactions to a Customer Relationship Management system.Quantum computer manufacturer IonQ is a small player in the market but has recently quadrupled in value. Their most recent IonQ Forte quantum computer utilises cloud services, carving a niche in an AI-focused industry.

Furthermore Joshua suggests, thoroughly studying a company’s technology, market presence, and financial health before investing. He recommends that although trading individual AI stocks can provide better returns, diversifying is not as risky and requires less research. He also suggests prioritising companies that genuinely focus on technological advancement.

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