11 AI Stocks to Buy Now BEFORE You Lose Your Job

Let's Talk Money! with Joseph Hogue, CFA
16 Feb 202412:44

TLDRJoseph Hog discusses the transformative impact of artificial intelligence across various industries, highlighting the rapid adoption and potential for significant job displacement. He identifies 11 stocks poised to benefit from AI advancements, including Recursion Pharmaceuticals, iRhythm Technologies, Duolingo, Adobe, C3.ai, Google, Tesla, Salesforce, Pros Holdings, and Palantir Technologies. The video emphasizes the need to adapt to the AI-driven future and offers a free report on long-term investment strategies.

Takeaways

  • 🚀 Artificial Intelligence (AI) is expected to significantly change various industries over the next 5 years, potentially displacing millions of jobs.
  • 📉 The rapid adoption of AI is compared to the growth of smartphones, with AI already having nearly 80 million users.
  • 💹 The market size for AI is projected to grow exponentially, with estimates ranging from $94 to $298 billion this year and up to $738 billion by 2030.
  • 🌐 AI's impact on the global economy could increase GDP by over $15 trillion, according to Bank of America.
  • 🏥 In healthcare, AI can analyze vast amounts of data to improve early detection of diseases and assist healthcare professionals with routine tasks.
  • 📚 The education industry will benefit from AI through personalized learning experiences tailored to individual students' needs.
  • 🎬 AI is revolutionizing the media and entertainment industry, with capabilities like generating deep fakes and automating scriptwriting.
  • 🚚 Transportation and logistics industries are on the verge of significant changes due to AI, with self-driving technology expected to boost profitability.
  • 🛍️ Retail industry will see transformation through AI, optimizing inventory management and enhancing customer experiences with personalized recommendations.
  • 🏛️ AI's potential in government services includes analyzing citizen data, recommending policies, and improving decision-making processes.

Q & A

  • How is artificial intelligence expected to change various industries over the next 5 years?

    -Artificial intelligence is expected to revolutionize industries by automating tasks, improving efficiency, and enabling personalized services. It will impact healthcare by analyzing large datasets for early disease detection, education by providing personalized learning experiences, and entertainment by generating content. AI will also transform transportation and logistics, customer service, retail, and even government operations by optimizing processes and decision-making.

  • What was the comparison made between the adoption rates of smartphones, tablets, and AI in the script?

    -The script compared the adoption rates by showing that AI, represented in red, already has nearly 80 million users, which is three times the number of smartphone users at the same point in their adoption cycles. AI is projected to continue this rapid growth, becoming pervasive by 2030.

  • How does the script suggest AI will affect job displacement and creation?

    -The script suggests that AI will displace millions of jobs across various industries, similar to how the internet and robotics did in the past. However, it will also create new opportunities and jobs, particularly in the development and management of AI technologies.

  • What are the two healthcare stocks mentioned in the script and what makes them promising?

    -The two healthcare stocks mentioned are Recursion Pharmaceuticals (ticker: RXRX) and iRhythm Technologies (ticker: IRTC). Recursion is leading in AI drug discovery, while iRhythm is a wearable device maker with AI capabilities, focusing on cardiac arrhythmia detection and expanding into other diagnostic markets.

  • How will AI impact the education industry according to the script?

    -AI will impact the education industry by enabling personalized learning through the analysis of student data. It will tailor activities and resources for each student, improving engagement and learning outcomes. AI will also automate routine tasks for teachers, such as grading and scheduling.

  • What is the potential market size for AI according to the script?

    -The script cites market size estimates for AI, with revenue expected to reach between $94 to $298 billion in the current year, representing growth between 200 to 600% in just two years. The most modest projection sees the market growing to $738 billion by 2030.

  • Which AI stock in the retail industry is mentioned in the script and what makes it unique?

    -The script mentions PROS Holdings (ticker: PRO) in the retail industry. PROS has been applying data analytics to retail since 1985 and has integrated AI into its platform, using a vast dataset to train its models for dynamic pricing and upselling recommendations.

  • How does the script describe the potential impact of AI on the media and entertainment industry?

    -The script describes AI as already being used to generate deep fakes and Hollywood scripts. It suggests that AI will transform content creation, potentially affecting jobs in writing, filming, and editing. Adobe (ticker: ADBE) is mentioned as a company poised to benefit from AI in its creator economy and entertainment products.

  • What are the two AI stocks mentioned in the transportation and logistics sector, and what are their unique offerings?

    -The two AI stocks mentioned are C3.ai (ticker: AI) and Google (ticker: GOOG). C3.ai is developing AI products across various industries, including supply chains, CRM, financial services, and defense. Google's self-driving taxi service is already operational in several cities, collecting data to train its system for national rollout.

  • How does the script address the potential of AI in the customer service industry?

    -The script highlights that AI has already advanced in customer service through chatbots and conversational assistants. It mentions Salesforce (ticker: CRM) as a company that integrates conversational AI across its apps, using customer data to create customizable and predictive experiences.

Outlines

00:00

🚀 The Impact of AI on Industries and Stocks

This paragraph discusses the transformative effect of artificial intelligence (AI) on various industries over the next five years. It draws a parallel to the impact of robotics on Detroit Auto workers in the 80s, suggesting that AI will be a universal threat to jobs. The focus is on how to invest in stocks that will benefit from AI's growth, rather than protecting jobs from AI. The speaker plans to reveal 11 stocks across different industries that are key to AI's development. Additionally, a free report on long-term investment stocks is mentioned, highlighting the performance of one pick that saw a 100% increase and an average group increase of 94% last year.

05:01

📈 AI's Rapid Adoption and Economic Impact

The paragraph emphasizes the rapid adoption of AI, comparing it to the growth of smartphones and tablets. It cites research showing AI already has nearly 80 million users,远超 the number of smartphone users at a similar stage in their development. The market size for AI is projected to grow significantly, with estimates ranging from $94 to $298 billion this year and a potential growth to $738 billion by 2030. The economic impact of AI is also discussed, with Bank of America estimating it could increase global GDP by over $15 trillion. The paragraph also touches on the potential displacement of millions of jobs across various industries due to AI.

10:01

💊 AI in Healthcare and Education

This section focuses on the application of AI in the healthcare and education sectors. In healthcare, AI is seen as a solution to the problem of data overload, with the potential to analyze vast amounts of medical data for early detection of health issues and improving survival rates. In education, AI is expected to revolutionize the industry by providing personalized learning experiences and automating routine tasks for teachers. Specific stocks mentioned include Recursion Pharmaceuticals for AI drug discovery and iRhythm Technologies for AI-enhanced wearable devices. The paragraph also discusses the potential of AI in other industries, such as media and entertainment, where AI is already being used to generate content.

🚗 AI Transforming Transportation, Logistics, and Customer Service

The paragraph explores the potential of AI in the transportation and logistics industries, where it could significantly reduce operational costs and improve efficiency. It also discusses the impact of AI on customer service, where chatbots and conversational AI are already being used to enhance customer experiences and predict customer needs. Specific stocks mentioned include C3.ai for its cross-industry AI products and Google and Tesla for their advancements in self-driving technology. The paragraph also touches on the potential of AI in the retail industry, where it can optimize inventory management and provide personalized customer experiences.

🛍️ AI's Role in Retail and Government Services

This section delves into the transformative effects of AI on the retail industry, addressing the current worker shortage and the potential for AI to improve inventory management and customer experiences. It also discusses the use of AI in government services, where it can analyze citizen data for more efficient service delivery and policy recommendations. Specific stocks mentioned include Pros Holdings for its data analytics in retail and Palantir Technologies for its work with government agencies. The paragraph concludes with a call to action for viewers to access a free report on long-term investment stocks and to join the 'Let's Talk Money' community.

Mindmap

Keywords

💡Artificial Intelligence (AI)

AI refers to the development of computer systems that can perform tasks typically requiring human intelligence, such as learning, problem-solving, and decision-making. In the video, AI is portrayed as a transformative force that will significantly impact various industries over the next five years, potentially displacing jobs while also creating new opportunities. The script discusses AI's rapid adoption and its potential to revolutionize sectors like healthcare, education, and entertainment.

💡Detroit Auto Worker

This term refers to the workers in the automotive industry during the 1980s, many of whom faced job losses due to foreign competition and the rise of robotics. The video uses this historical reference to illustrate the potential impact of AI on current job markets, suggesting that the changes brought by AI could be as profound and widespread as those experienced by auto workers.

💡Stocks

In the context of the video, stocks are shares in the ownership of a company that can be bought and sold on stock exchanges. The speaker discusses how certain stocks, particularly those of companies involved in AI development, could offer significant financial gains as AI technology advances. The video aims to inform viewers about which stocks to consider investing in to capitalize on the AI trend.

💡Healthcare

Healthcare refers to the sector of the economy that provides medical services, goods, and administration of health policies. The video highlights AI's potential to improve healthcare by managing the vast amounts of data generated, such as medical images and patient records, and by automating routine tasks, which could lead to more efficient and personalized patient care.

💡Education

Education in the video is discussed in the context of AI's ability to personalize learning experiences for students. By analyzing student data, AI can tailor educational content and resources to individual needs, potentially improving engagement and learning outcomes. The example given is Duolingo, an app that uses AI to enhance language learning.

💡Media and Entertainment

This industry involves the creation, production, and distribution of content for entertainment. The video mentions AI's role in generating deep fakes and creating Hollywood scripts, indicating that AI could significantly alter content creation processes and the nature of entertainment itself.

💡Transportation and Logistics

These industries involve the movement and storage of goods and people. The video discusses how AI can optimize scheduling and routing, and how self-driving technology could revolutionize the trucking industry, potentially leading to significant cost savings and increased profitability.

💡Customer Service

Customer service refers to the assistance and support provided to customers before, during, and after a purchase. The video explains how AI, through chatbots and conversational assistants, is transforming customer service by providing adaptive and predictive interactions, leading to more efficient and personalized customer experiences.

💡Retail

The retail industry involves the sale of goods to consumers. The video suggests that AI can help address the retail worker shortage by optimizing inventory management and enhancing the customer experience through personalized recommendations, potentially improving sales and profitability.

💡Government Services

Government services encompass the various functions performed by public sector entities to serve the community. The video mentions AI's potential to analyze citizen data for improved government services, policy recommendations, and cost reduction, with Palantir Technologies being a company that works extensively with government agencies.

Highlights

Artificial intelligence (AI) is expected to significantly change various industries over the next 5 years.

AI's impact will be felt across different job sectors, similar to the effect of robotics on Detroit Auto workers in the 80s.

The adoption rate of AI is outpacing that of smartphones and is projected to be universal within 5 years.

The market size for AI is expected to grow between 200 to 600% in just 2 years.

AI could potentially displace millions of jobs while creating new ones.

Healthcare industry can benefit from AI by managing the overload of data and improving patient outcomes.

Recursion Pharmaceuticals (ticker: RXRX) is leading in AI drug discovery, with a strong balance sheet and intellectual property.

iRhythm Technologies (ticker: IRTC) is utilizing AI in wearable devices for cardiac arrhythmia detection and analysis.

AI can revolutionize the education industry by providing personalized learning experiences.

Duolingo (ticker: DUOL) is using AI to enhance language learning with personalized activities and resources.

AI is transforming the media and entertainment industry, with applications like deep fakes and script generation.

Adobe (ticker: ADBE) is integrating AI into its creative products, enhancing video and image editing capabilities.

Transportation and logistics industries are beginning to adopt AI for optimized scheduling and routing.

C3.ai (ticker: AI) is developing AI products across various industries, including supply chains and government services.

Google (ticker: GOOG) and Tesla (ticker: TSLA) are working on self-driving technology, which could significantly impact the automotive industry.

AI is already transforming the customer service industry with adaptive and predictive chatbots.

Salesforce (ticker: CRM) integrates conversational AI through its Einstein platform, enhancing customer experiences.

The retail industry can benefit from AI by optimizing inventory management and providing personalized customer experiences.

AI can analyze citizen data for government services, improving decision-making and service delivery.

Palantir (ticker: PLTR) is working with the government and military to develop AI capabilities, securing a $250 million contract with the Department of Defense.

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