InvestorPlace has identified seven stocks that it believes will be leaders in AI and automation in 2024. The stocks are as follows:
- Intuit (INTU): The tax-prep company uses AI for custom financial models and is expected to benefit from the growing gig economy.
- Domino’s Pizza (DPZ): The pizza chain leverages AI to predict demand, optimize routes, personalize marketing, and save costs.
- Deere (DE): The agricultural machinery company has developed autonomous tractors with neural networks to boost productivity and improve safety on farms.
- Nike (NKE): The athletic footwear and apparel corporation uses AI to analyze running data and provide personalized training plans and recommendations.
- DraftKings (DKNG): The sports betting company uses AI to take bets, target advertising, and offer conveniences to customers.
- FedEx (FDX): The multinational conglomerate uses machine learning to improve estimated delivery time accuracy and keep pace with consumer demands.
- Crispr Therapeutics (CRSP): The biotechnology company specializes in gene editing and uses AI to advance its research and potential treatments for diseases.
The article emphasizes that while some of these companies may not be traditionally associated with AI and automation, they have successfully incorporated these technologies into their operations to boost productivity and improve efficiency. It also notes that the robotics revolution is not limited to the technology sector and can be found across various industries.