The 20 most promising AI concept stocks favored by Wall Street. What implications does this have for A-shares?

The world of AI is changing rapidly. Since this year, AI has become the most attractive concept in domestic and foreign stock markets. What investors are left to think about is, can the development of AI and related trends allow you to make more money?

In the long run, many companies will improve efficiency by using AI. Many people believe that perhaps this technology can create an economic revolution, an economic revolution similar to that driven by the second industrial revolution from the 19th to the 20th century.

Nowadays, the largest technology companies in the United States, such as Microsoft and Google, are doing their best to use new technologies and strive to maintain their dominance. However, this does not mean that small companies focusing on AI can be ignored. Perhaps they are better than large companies. The company grows faster.

According to the consensus given by Wall Street analysts surveyed by FactSet, they selected the following 20 companies that are closely integrated with AI. These companies are expected to achieve the highest compound annual growth rate in sales by 2025:

Bearing the brunt is BioXcel Therapeutics, a clinical-stage biopharmaceutical company focused on using novel AI to identify the next wave of drug development across neuroscience and immuno-oncology. Analysts predict that the company's compound annual growth rate will reach an astonishing 411.5% over the next two years.

Luminar Technologies, ranked second, is a lidar manufacturer that develops vision-based lidar and machine perception technology, mainly for autonomous vehicles. Earlier this year, Luminar announced an expanded partnership with Mercedes-Benz. The company is expected to grow at a compound annual growth rate of 161%, according to analysts polled by FactSet.

BlackBerry, an old mobile phone company, currently ranked third, has transformed into a software company that provides network security and services. The company focuses on transformation strategies in the field of intelligent security, aiming to use artificial intelligence and machine learning technology to protect user systems from cyber threat attacks. Analysts believe the company will grow at a CAGR of 67.6% through 2025.

In fourth place is Credo Technology Group Holding Ltd, a fabless semiconductor company that provides high-speed connectivity solutions to customers in the data infrastructure market, including Microsoft, on January 27, 2022 Listed on NASDAQ. According to analysts surveyed by FactSet, the company's compound annual growth rate will reach 40.9%.

SentinelOne Inc., ranked fifth, is a US cybersecurity company pioneering the world’s first AI-based Extended Detection and Response (XDR) platform to make cybersecurity defenses truly autonomous from endpoints and beyond . The company is expected to grow at a CAGR of 37.9%.

Overall, with the support of AI technology, analysts are bullish mainly in the following areas: biopharmaceuticals, semiconductors, network security, electric vehicles, autonomous driving, insurance, clean energy, etc.

AI is also becoming the focus of investors in the A-share market in the near future. Will the potential AI tracks selected by US stock analysts also bring some enlightenment to A-share investors?

While AI is embraced by many, others are concerned about its potential impact on employment. It’s unclear how political leaders will respond to the actual risks posed by AI and machine learning.

ChatGPT founder OpenAI CEO Sam Altman called on the government on Tuesday to develop licensing and safety standards for advanced artificial intelligence and strengthen AI regulation.

Source: Financial Associated Press

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