A.I stocks to watch – Docusign, TSM and Twilio
How do you think Netflix personalizes your viewing recommendations or the Match Group
shows you the most likely matches on Tinder or Visa and Mastercard keep your credit cards safe
from fraud and money-laundering, it’s all done through A.I.
The emergence of Blockchain technology is to be seen as a method of maintaining an ethical manner
for the deploying of AI, this is noted by the European Parliament resolution on ethical aspects
of artificial intelligence, robotics and related technologies. If advances in technology continue
it is expected the demand for memory chips will grow, especially for the AI sector. Just look at
Self-driving cars require sensors and cameras that produce a lot of data and require A.I.
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Although cycles of boom and bust are the norm for the semiconductor sector,
the increased need from Advances in technology are boosting growth in mobile networks,
5G, cloud computing have created Data centers running AI processes all needing
storage facilities and memory for the work automated through Artificial Intelligence.
The supply and demand model does impact the industry – this is where oversupply causes
a retraction of prices. In 2021, we saw the opposite, demand for memory chips is strong,
and the supply-crunch the industry is facing is causing the prices to go up.
DocuSign Inc. is an Electronic signature specialist has included investing into
AI technology part of it’s strategy to increase the efficiency of it’s services.
The company is confident it’s outlook is bullish for long-term growth in their share of the $14
billion e-signature market. Contract AI allows businesses to automate the sorting of big data
including contracts, court cases and regulatory provisions with the power to identify potential
sources of security vulnerabilities, regulatory breaches from legal and issues and privacy.
Twilio is an American company with a very bullish for the long term.
It’s expertise is in cloud communications platform as a service company. Twilio allows
software developers to make and receive phone calls, text messages, and other communication
functions using APIs. Twilio revenue is expected to grow in the 30% range annually through 2023.
Plus, to its credit, the company’s growth strategy involves sprawling acquisitions.
Twilio confirmed it’s invested ‘up to’ $750 million in Syniverse. Additionally, TWLO
is a favorite stock for ETFs. The best-performing ETF in the past 12 months with TWLO as a holding
is the iShares U.S. Technology ETF (IYW), with a return of 30.63%.
Taiwan Semiconductor Manufacturing Co. Ltd Taiwan Semiconductor Manufacturing produces state of the
art AI chips designed by major players Nvidia, Qualcomm Inc. as well as Apple Inc, TSM also
funds its own in-house AI hardware research and has plans to increase it’s CapEx plan for 2022
veering 80% toward advanced nodes. Taiwan Semiconductor is using the strategy of
putting money toward better technology in the aim to produce most cost effective margins to
meet the demand for semi-conductors. Many analysts encourage buying the dips in the share price.