3 Hidden Stocks Worth Buying Now Amid the AI Revolution
2024.12.09 10:23
AI Revolution: Top 3 Hidden Stocks Worth Buying Now!
Artificial intelligence (AI) has long ceased to be a promising idea, but it has become an essential tool that is actively changing many industries. Today, AI is embedded in technology and everyday life, opening up limitless opportunities to improve processes and increase efficiency. It impacts healthcare, finance, autonomous cars, industry, and many others, confirming its mass adoption and potential for further growth.
Artificial Intelligence Market Size 2023 to 2034 (USD Billion)
With each passing year, big companies like NVIDIA (NASDAQ:) and Microsoft (NASDAQ:) are attracting increasing attention from investors due to their AI advancements. However, among the giants, there are also less visible but no less promising companies actively introducing and developing AI technologies into their business models, opening up new horizons for growth and profits. These companies often go unnoticed, although their stocks can be an excellent opportunity for investors who want to follow the trend and get ahead of it.
In this article, we examine three hidden gems of the stock market that are actively utilizing and developing AI technology but have yet to catch the attention of most investors. These companies offer interesting opportunities for those looking for long-term prospects and willing to invest in the future of technologies that could fundamentally change the business landscape.
1. Baidu (NASDAQ:)
Baidu is a Chinese Internet holding company known for its eponymous search platform, which is the Chinese equivalent of Google (NASDAQ:). The company is actively advancing AI technologies, including voice recognition systems, autonomous cars, and cloud services. Baidu is also working on smart cities and technologies that use AI to enhance efficiency in various sectors, from healthcare to security.
One of the company’s key projects is an autonomous car platform that competes with similar initiatives by other global leaders. Baidu is also integrating AI into advertising and search technologies.
Baidu continues to innovate in the field of generative AI. In 2024, the company introduced the more powerful ERNIE 4.0 Turbo (full name Enhanced Representation through Knowledge Integration, a service product for Baidu’s artificial intelligence chatbots, which has been in development since 2019. It is based on a large language model called “Ernie 3.0-Titan.”) Along with several lightweight variants. The number of ERNIE chatbot users has surpassed 300 million.
Technical analysis
Globally, on the monthly timeframe, the asset has been in a sideways movement since 2010, moving from boundary to boundary. However, it is holding at the strong support level of 83.0.
The asset has huge upside potential as artificial intelligence technology advances. The move will be 270% to the past all-time high, and interest and demand for the technology are only growing. Considering it is one of the largest companies in China, this stock has excellent upside potential.
Baidu growth potential
2. UiPath (NYSE:)
UiPath is a leader in robotic process automation (RPA) that uses AI to optimize business processes. The company helps businesses automate data processing, information management, and customer interactions to increase productivity and reduce costs. With the growing interest in automation across industries, UiPath is expanding its business solutions to offer both cloud-based services and AI-based solutions for enterprise customers.
UiPath Inc. offers an advanced business process automation (RPA) platform primarily in the US, Romania, and Japan. Its solutions integrate artificial intelligence with tools for desktop recording, human activity, system log analysis, and data visualization to identify processes to be automated. The platform includes low-code environments, allowing users to create automated solutions without programming. UiPath also provides online and offline robots and tools to manage, test, and deploy automation across the enterprise. The company serves a variety of industries, including banking, healthcare, and government.
Technical analysis
After the shares were issued, the share price fell but formed a stable support level, at 10.40, from which it always got a reaction. After the last support level test, the asset is already up 44% and has even more potential.
Now, the price is testing the resistance level of 14.95. If this resistance is broken, the potential opens to the next high, 72%, and up to its historical high of 433%.
It is worth considering that this is a young company with a vast growth potential. And the services it provides are just beginning to gain popularity and demand. As the demand for AI technology develops and grows, its potential will only increase.
UiPath growth potential
3. C3.ai (NYSE:)
C3.ai provides enterprise AI-based solutions for various industries, including energy, healthcare, and manufacturing. The company develops AI platforms that help businesses utilize big data to improve operational efficiency and create new products and services.
C3.ai actively partners with large enterprises, providing a stable revenue stream. The company also continues to invest in new developments to strengthen its position in the market.
A key area of focus is using artificial intelligence to process Internet of Things (IoT) data. AI Suite processes decisions from 622 million sensors.
Its customers include AstraZeneca (NASDAQ:), Baker Hughes (NASDAQ:), Consolidated Edison (NYSE:), Raytheon (NYSE:), Shell (LON:), Koch Industries, and the US Air Force. The latter uses C3.ai to predict aircraft engine failure. Collectively, C3.ai’s solutions reach 50 million end users.
Technical analysis
After the stock appeared on the market, the price moved in a descending channel but broke out and went up. Since February 2023, the price has been in a sideways movement, holding higher than the support level of 20.57.
The asset has high volatility. It grows impulsively and slowly decreases. For example, during the week of November 18-22, the price rose by 45% and is holding at this level.
An example of AI volatility
Besides, the asset has excellent growth potential. The growth to the last historical maximum is 343% from the current levels, and when leaving the global accumulation, it is 284%. Such growth is possible, given the interest in AI and the company’s existing clients.
C3.ai growth potential
Conclusion
The AI revolution is changing industries and offering investors new opportunities for growth. While tech giants like NVIDIA and Microsoft dominate the AI space, lesser-known companies are also making significant strides in the field and offering promising investment opportunities.
Three such companies, Baidu, UiPath, and C3.ai, are at the forefront of AI innovation but have yet to gain widespread attention. With its autonomous vehicles, smart cities, and advances in generative AI, Baidu has significant growth potential. UiPath, a leader in robotic process automation, is poised for further expansion, especially as the demand for AI-based automation grows. C3.ai, with its enterprise AI solutions for industries such as energy and healthcare, is already helping large companies optimize operations and create new products.
For investors looking for long-term opportunities in AI, this stock offers compelling upside potential as AI adoption accelerates across sectors.
