Nvidia remains the top AI chipmaker with 85% market share. Its processors power most AI data centers, locking in huge growth as AI expands.
Palantir Technologies pushes AI usability with tools like AIP for office automation and Gotham for military decision-making. Investors pay a premium at 200x earnings, betting on 30%+ yearly growth.
IonQ is ahead in quantum computing, nearly doubling revenue to $43M last year. This tech promises to accelerate AI beyond traditional systems. 
Microsoft mixes old cash cows with AI in Copilot, used by two-thirds of large U.S. firms. Not beating ChatGPT, but strong in enterprise AI.
C3.ai focuses on niche AI apps—from aircraft failure predictions to retail pricing—serving specialized needs businesses want.
IBM quietly grows AI with Watson, serving big clients like Intel and Vodafone. Its generative AI business hits $6B annualized. Plus, IBM aims for a 200-qubit quantum powerhouse by 2029 versus IonQ’s 36 qubits.
Alphabet experiments with quantum chip Willow (105 qubits), mostly internal use for now. Its Gemini AI tool sees 50M daily users. Google’s search now mixes in AI-powered results to keep its dominance.
Marvell Technology supplies AI data centers with key components like optical processors for high-speed fiber-optic links. Its $5.8B 2023 revenue is on track for 43% growth in 2024.
China’s Alibaba with Qwen and Baidu with Ernie lead homegrown AI assistants. Alibaba’s strength is its grip on half of China’s e-commerce market through Tmall and Taobao.
Recursion Pharmaceuticals uses AI to speed drug development and save billions by cutting clinical trial time. Its Recursion OS taps 36 petabytes of data and partners with Roche and Sanofi.
This list covers AI hardware, software, quantum computing, and AI-enabled drug discovery—stocks ready for the AI boom.
Image source: Getty Images.
