Artificial intelligence (AI) has become a crucial area of investment in 2023. This article highlights three underrated AI stocks that are promising options for investors. These corporations are not only making strides in AI but also offering attractive value for money.
Zebra Technologies: Innovation and cost-effectiveness
Zebra Technologies has made a name for itself in the sphere of AI by creating intelligent solutions that link data, assets, and people. Although there was a minor dip in sales in the first quarter of 2023, the company managed its costs effectively, thereby increasing its profit margin. The company hinges its strategy on the power of innovation, leveraging AI to analyze data and improve businesses' decision-making processes and productivity. Their latest innovation, the TC22/TC27, a robust mobile computer designed for diverse organizations, showcases their commitment to offering intelligent business solutions.
Arista Networks: Bolstering cybersecurity with AI
Arista Networks, a company best known for its cloud networking solutions, has been leveraging AI to bolster enterprise cybersecurity. Recently, at the RSA Conference, they released Arista Guardian for Network Identity (CV AGNI), a new cloud-based service that uses AI to establish a zero-trust networking approach. In the first quarter, the company reported a significant boost in both revenue and GAAP net income, indicating the success of their AI-driven solutions in providing secure and efficient networking services to enterprises globally.
Honeywell International, a leading player in the industrial manufacturing sector, is cautiously and strategically harnessing the power of AI. They're exploring its potential to enhance internal processes and fulfill customer needs. For instance, they're looking at utilizing AI to streamline coding and software development processes and automate technical support, which could prove beneficial for both employees and customers. While the company acknowledges the excitement surrounding AI, it emphasizes the importance of translating this into tangible outcomes and practical applications. Their focus remains on finding realistic and valuable implementations of AI that directly benefit their business and their customers' businesses.