Top Tech Artificial Intelligence Shares

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Artificial Intelligence Tech Shares for IT Contractors

This is the Age of Artificial Intelligence they are telling us. It will bring the biggest leap forward in the human condition since the Industrial Revolution and some are saying it will be even bigger than that.

Let’s have a little fun and let’s create a portfolio of the big tech companies who are also into Artificial Intelligence.

I’ll fill in the reasons why I have selected these particular shares later. I just want to get the portfolio underway first.

Nvidia

These shares have gone through the roof in the last few years and fortunes have been made. However most analysts are saying that they have further to go.

According to Nerdwallet “NVIDIA started working on 3D graphics for multimedia and gaming companies in 1993. The company also began creating AI applications all the way back in 2012. Today, NVIDIA continues to be at the forefront of AI and is developing software, chips and AI-related services.”

Nvidia is the Daddy of them all in the AI market. They are now one of the three biggest companies in the world along with Microsoft and Apple. They are up this year (till July 1st) by 205% a year, meaning they have more than trebled. Indeed since they got into AI their shares have gone up by 3,000%. They have a dominant share of the AI market and their customers are all the major players in tech, cloud and IT such as Microsoft, Apple, Amazon, Meta, Alphabet and Oracle. They currently cannot fulfill all the orders that they get from those companies and are selling the chips like hot cakes. The more they can make the more they can sell – and then there are potential sales to companies down the food chain a bit and to governments. They currently have 80% of the AI chip market.

Price Bought – 123.54

Current Price – 123.54

Date Bought – 123.54

Percentage Rise / Fall

We will pick five lots of these shares so Nvidia will be half the portfolio. They are the ones I am most confident about.

Microsoft

Microsoft investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of US$81b, some 2.3% above estimates, and statutory earnings per share (EPS) coming in at US$1.89, 25% ahead of expectations.

Price Bought – 446.95

Current Price – 446.95

Date Bought – 1/7/2024

Amazon

Amazon expects operating income of $10 billion to $14 billion in its June quarter, compared with analyst expectations of $12.7 billion.

This should really be in Tech Shares that Beat Analysts Forecasts as well as this one.

Price Bought – 193.25

Current Price – 193.25

Date Bought – 1/7/2024

Percentage Rise / Fall

Oracle

As part of its strategy to expand AI globally, Oracle is estimated to invest about $10 billion in data centre expansion. It currently operates 68 customer-facing Cloud regions, two of which became operational this year.

Price Bought – 143.09

Current Price – 143.09

Date Bought – 1/7/2024

Percentage Rise / Fall – 0

Meta

Next quarter’s earnings estimate for META is $4.69 with a range of $4.13 to $5.31. The previous quarter’s EPS was $4.71. META beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.62% of the time in the same period.

They are already big spenders on Artificial Intelligence.

Price Bought – 504.22

Current Price – 504.22

Date Bought – 1/7/2024

Percentage Rise / Fall – 0

Alphabet

Alphabet investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of US$81b, some 2.3% above estimates, and statutory earnings per share (EPS) coming in at US$1.89, 25% ahead of expectations.

Wow!

The earnings per share 25% ahead of expectations is astonishing.

Price Bought – 182.15

Current Price – 182.15

Date Bought – 1/7/2024

Percentage Rise / Fall – 0

I’ll explain later why I chose these but it is currently the top tech companies who are doing their best with Artificial Intelligence.

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