AI stocks to power your future gains

Article Excerpt

Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns, or, more likely, end up costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already profitable and growing, and that can gain all the more by applying AI to their operations. Here are two companies that are already profitably taking advantage of AI, and they should be among the leaders in the push to extend AI’s use: ADOBE INC., $508.13, is a #1 Power Buy for your 2024 investing. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 452.5 million; Market cap: $225.3 billion; No dividends paid) has just announced that it will unveil a new generative AI-powered video creation and editing tool in a limited release later this year. Called Adobe Firefly Video Model, the new tool will establish Adobe in the growing market for AI-based video generation tools, a space already targeted by OpenAI’s Sora,…