If artificial intelligence is going to change every aspect of our lives, why do so many investors dismiss it as a bubble? One reason is that many analysts look at AI strictly from the standpoint of infrastructure. In that context, it's reasonable to wonder how long companies will continue to spend on AI-related hardware such as semiconductor chips.
However, some investors are already looking towards the next wave of AI. This wave focuses on how companies can use AI to make their businesses more efficient or to develop applications that consumers will not only use but be willing to pay to use.
What you won't find on this list is any of the large mega-cap technology stocks. It's not that these stocks won't give you an opportunity to make money. Of course they will. These companies have large market caps for a reason. They have significant cash on hand, and they'll undoubtedly use it to enhance their AI capabilities.
However, today, we're looking at some stocks that are less expensive. Each stock on this list can be purchased for less than $50 a share as of January 2, 2025. That means you can start a position in these stocks for a relatively nominal investment.
Click the "Continue to Slide #1" button to view the first company.
