03-16-2017, 10:40 AM
These projections have led many artificial intelligence stocks to soar to new highs in recent weeks as deal-making in the space accelerates. For instance, International Business Machines (IBM) and Salesforce.com (CRM) announced that Watson and Einstein would join forces to create the biggest AI platform in the space with over a billion users per day. The move could provide the companies with a monopoly of sorts when it comes to enterprise users.
The artificial intelligence industry is rapidly evolving with breakthroughs occurring every day, which provides many catalysts for traders watching these stocks. Investors looking for broader long-term exposure may want to consider AI-focused ETFs, like the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), to gain diversified exposure to the space. That ETF has also broken out to new all-time highs given the optimism surrounding the industry.
2 AI Stocks Set to Break Out to New Highs (IBM, CRM) | Investopedia