Investing in Intelligence: 3 AI Companies Expecting Big Returns in 2024, New AI ETF Stock Hits the Market

Dec 19, 2023

New AI ETF Stock Hits the Market

The year 2023 saw a surge in advancements and developments in Artificial Intelligence (AI) technology. Major companies, such as Google, Microsoft, and Amazon, launched significant updates to their AI services, highlighting improved performance, user experience, and ethical practices. But as the tech giants took centre stage, smaller AI companies began to emerge and make an impact in various industries.

Promising Names in the AI Stock Sector

Upstart Holdings

One such company is Upstart Holdings (UPST), which has leveraged AI to develop a loan evaluation tool that could potentially disrupt the credit rating industry dominated by Fair Isaac (FICO). With its AI-driven solution, Upstart claims to approve 44% more loans without increasing risks, making it a game-changer in the lending industry. This innovation caught the attention of many investors, propelling Upstart’s stock to reach an all-time high in 2021.

However, as interest rates rose in 2023, Upstart experienced a significant decline in revenues, causing its stock price to plummet by 97%. But with Federal Reserve Chairman Jerome Powell announcing potential rate cuts in 2024 hopes for a rebound in Upstart’s stock price have emerged. Despite reporting a 46% decrease in revenue and $198 million net losses in the first nine months of 2023, Upstart remains a promising player in the AI lending market.

UiPath

Another AI company making waves is UiPath (PATH), which specialises in robotics process automation (RPA). However, UiPath goes beyond just automating tasks by offering an end-to-end platform that connects with enterprise products and applications. This unique feature has attracted companies such as Nielsen to drive digital transformation and empowered a retailer to process almost all its invoices using UiPath’s RPA technology.

Moreover, UiPath has fostered a strong community of millions of professionals in the development space who create and share applications within the company’s ecosystem. This community has been a key factor in UiPath’s growth, generating $903 million in revenue during the first nine months of 2023, a 20% increase from the previous year. Despite reporting operating losses, UiPath has managed to control expense growth, with operating losses falling from $301 million to $124 million in the same year-ago period. With a market cap of just $15 billion and a P/S ratio of 12, UiPath presents an opportunity for investors to potentially earn significant returns as more customers turn to its RPA technology.

Super Micro Computer

Another company, Super Micro Computer (SMCI), has been a pioneer in Edge computing and AI technology. The company provides advanced server solutions, including high-performance computing (HPC), AI, security, storage, and cloud computing for data centres worldwide. Super Micro’s cutting-edge technology enables enterprises to process large amounts of data at the edge of networks efficiently. This capability is crucial for industries such as healthcare and autonomous vehicles that require real-time data processing and decision-making.

Super Micro’s revenues have been on a steady rise, reaching $4.2 billion in fiscal 2023, an increase of 17.6% from the previous year. The company also reported a net income of $154 million, compared to a loss of $45 million in fiscal 2022. As Super Micro continues to expand its product offerings and cater to the growing demand for Edge computing and AI technology, its stock price has also soared. With a market cap of $4 billion and a P/S ratio of 0.98, Super Micro presents an excellent investment opportunity in the rapidly growing tech industry.

New AI ETF Stock Entering the Market

Apart from individual AI companies, investors can also consider investing in AI ETF stock options. These include the popular ROBO Global Robotics and Automation Index ETF (ROBO), Global X Robotics & Artificial Intelligence ETF (BOTZ), iShares Robotics and Artificial Intelligence Multisector ETF  (IRBO), and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT). These ETFs have an average expense ratio of 0.71%.

However, a new AI ETF stock called the WISE AI Global Intelligent Technology Index Fund (WISE) has recently been launched, attracting the attention of many investors.

WISE aims to identify and track 40 companies that generate their revenues from areas such as Artificial Intelligence, Data Analytics and Big Data, and other AI-driven services. The fund charges a low expense ratio of 0.35%, making it an attractive option for investors.

The top holdings in WISE include tech companies UiPath (5.97%), Microsoft (5.04%), and Nvidia (4.85%). With Information Technology taking up 72.1% of the fund, it’s clear that WISE is heavily focused on the tech sector. Additionally, the majority (80%) of the fund is invested in companies based in the United States, with Japan coming in second at 10.5%.

Disclaimer: This is not financial advice, and investors should conduct their research and consult with a financial advisor before making any investment decisions.

Subscribe Our Newsletter

Brazil X Ban

Otar

Brazil X Ban: Implications for the Financial and Trading Sectors

Brazil bans social media network X, impacting traders, brokers, and the financial community. Explore the implications and reactions to this development.

Companies
Stock Market Predictions 2024: Inflation, Bond Auctions

Nato

Stock Market Predictions 2024: Inflation, Bond Auctions, and the Fed’s Policy Meeting

Stock market predictions 2024: Find out recent updates in the stock market amidst rising inflation, successful Treasury bond auctions, and the Federal Reserve's policy meeting.

Stock Market Forecast
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Nato

Best Budgeting Apps 2024: Take Control of Your Finances
Feeling overwhelmed by managing your finances? Discover the best budgeting apps of 2024 to track your spending, set goals, and achieve financial freedom.

discover
How Forex Brokers Make Money? - A-Book vs. B-Book Model

Oliver

How Forex Brokers Make Money? – A-Book vs. B-Book Model

A foreign exchange (Forex) broker is a firm whose purpose is to connect traders and investors to a specialized platform where foreign currency can be bought and sold.

Forex Business
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?

    Hazem

    Year-Over-Year (YoY): What It Means? How It’s Used in Finance?

    Year-Over-Year (YoY): How to Calculate Business Performance?

    Constantine

    What is WAGMI and NGMI? Understanding Crypto Slangs

    WAGMI vs. NGMI

    Alexander

    Litecoin Mining Guide: How to Get Started in 2025?

    Litecoin Mining Guide: How to Get Started in 2025?

    Constantine

    What is Thruster (THRUST): An Advanced AMM for the Blast Ecosystem

    Thruster (THRUST): How Does it Revolutionise DeFi?

    Constantine

    How Does Polymarket Work? Detailed Guide

    How Does Polymarket Work? Comprehensive Guide

    Constantine

    Coinbase vs. Сoinbase Pro: Which Platform is Right for You?

    Coinbase vs. Coinbase Pro
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.