Use these stocks to power your AI returns

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: ATS CORP., $41.34, is a buy. The company (Toronto symbol ATS; TSINetwork Rating: Average) (www.atsautomation.com; Shares outstanding: 97.9 million; Market cap: $4.1 billion; No dividend paid) provides some of the world’s top manufacturers with factory automation solutions.Founded in 1978, it has over 60 manufacturing facilities and 80 offices in North America, Europe, and Asia. In July 2023, ATS acquired Yazzoom BV. That Belgium-based company is focused on aiding industrial production through use of artificial intelligence (AI); more…