Automation has been a scary word for workers for decades.
First it came for the auto industry with assembly robots.
Then it came for grocery stores with self-checkouts.
Finally, it came for our own homes with robot vacuums.
But automation isn’t done yet. In fact, because of AI, automation is more capable of more things than ever.
Specifically, Fanuc ‘s AI and automation products are continuing to surge into new industries.
AI is so important here because rather than imputing every little action or movement a robot needs to make ahead of time and hoping nothing is off by a few inches or a stone gets in the way, AI allows them to “think” on their own.
Fanuc makes everything from small servo motors that go into automation to full industrial robots themselves. At the core of all of these products is Fanuc’s own AI, which it developed with NVIDIA, a power player in this space on its own.
Artificial Intelligence Stock No. 2: Intuitive Surgical Inc. (NASDAQ: ISRG)
Fanuc may be plowing forward into new industries. But Intuitive Surgical is absolutely dominating its one industry.
ISRG is now known for its da Vinci surgical system. This is one of the first and certainly the largest robotic-assisted surgical systems in the world.
As medical technology continues to advance, slowly taking human error out of surgery is obviously a goal worth chasing. That’s what ISRG does.
In fact, the AI driving its da Vinci system is only getting better, finding more and more uses in other medical treatments.
Artificial Intelligence Stock No. 3:
Companies with their own AI and products that use it are great. But there is a better way to take advantage of the artificial intelligence boom: the AI platform itself.
Think of it this way.
Why is Microsoft bigger than Dell? Or HP?
The answer is obvious, those other two wouldn’t have products worth selling without Windows.
That’s true for AI.
To use and develop AI for your own products, be they robots or search optimization, you need a platform from which to build.
That’s exactly what this third play does. Its software platform allows for the developing, deploying and operating of large-scale AI applications.
This platform already powers 1.1 billion predictions per day, through 4.8 million AI models.
Chances are good that the next great AI-powered product could come from this platform.
Unfortunately, I can’t reveal exactly what this play is here. I’ve already reserved that for my Stock Alpha Report subscribers.
In fact, I’m just released my newest report called “My No. 1 Artificial Intelligence Stock For 2021” on this exciting play.
It's the best company that is positioned to profit from the rise of the machines!
Now, there's not many pure AI plays and you may already know about my #1 pick.
But if you're not aware of the two "AI Winters", then it's something you must know if you plan on owning any AI stock long-term.
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%
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