5 best AI stocks to buy for Q3 2023

The AI sector includes lots of young and innovative companies. Here our experts choose the best five AI stocks to invest in right now and explain why you should own them.
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Updated: May 3, 2023

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This page covers the best artificial intelligence and machine learning companies in the world. Our experts have combed through all the options on the market and picked out the top performers so you don’t have to.

What are the top artificial intelligence stocks to buy?

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Here are the best five AI companies according to our expert analysis. The most up to date price information for every stock is available if you follow the links in the table below. Alternatively, scroll down to find a more detailed explanation of why each has been chosen.

#Stock tickerCompany nameTrade now
1PLTRPalantir Technologies
Trade C3.ai

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Trade Salesforce

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4AMDAdvanced Micro Devices
Trade Advanced Micro Devices

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Trade Docusign

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List chosen by our team of analysts, updated September 2023.

1. Palantir Technologies (NYSE: PLTR)

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Palantir uses artificial intelligence to analyse data. Founded in 2003, it’s a company that often works with government agencies like the CIA and US Department of Defence to help them train AI algorithms with large data sets.

The company has only been public since late 2020 but its stock price has already doubled since then. Because of the way it operates in the background and who it works with, it’s not that well known amongst the wider population. However, it has begun expanding its customer base to include clients in the financial and healthcare sectors as well.

Alongside growing the base, Palantir’s revenues have been on the up and up as well. It operates in a niche area and offers data services to companies that don’t have the funding or the expertise to create it themselves. That puts it in a great spot to keep making money and means there’s an opportunity for investors to get in on the ground floor. 

2. C3.ai (NYSE: AI)

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C3.ai is a software company that specialises in business solutions. It uses artificial intelligence to create more efficient business practices, such as streamlining supply chains and improving reliability. First set up in 2009, C3 is another young company in stock market terms, having only been public since the end of 2020.

That time on the public markets has been quite rocky. C3’s stock price fluctuated between highs of $150 a share and lows of $50 over just a few months. Those results, however, bear little resemblance to the company’s performance, which has continued to be good.

While the stock price has been jumping around, the company reported positive financial results. It has increased its revenue, particularly from subscriptions which is a good indicator of long term success, and added new partnerships in Asia. Like Palantir, it could be a good time to invest in C3.ai before the rest of the market catches up.

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3. Salesforce (NYSE: CRM)

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Salesforce is a cloud software company. Set up in 1999, its range of software is focused on customer service and marketing, and it’s best known for its leading customer relationship management (CRM) platform.

Like many cloud-based services, Salesforce did well out of the lockdown as more people were forced to work from home. Having performed well for a while, its stock price went up a further 30% in the aftermath of the pandemic. 

Salesforce has teamed up with Amazon to use machine learning to improve the former’s CRM software. It also now part-owns Figure Eight, a company that uses AI to improve customer support and online search results. Both developments indicate Salesforce’s forward-thinking nature and put it in a great place to keep growing in the future.

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4. Advanced Micro Devices (NASDAQ: AMD)

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AMD is a semiconductor company that develops computer chips. It’s much older than the other companies on this list, having been formed all the way back in 1969. It traditionally lagged behind big names in the semiconductor industry, such as Intel, but that has changed in recent times.

The company broke through in a big way in 2019 and the stock has been on a dramatic upward trajectory ever since. It has increased by more than 500%, thanks to a convergence of the company producing higher quality chips with much more demand for things like graphics cards.

Along with the rest of its chips, AMD has a range of deep learning servers that use artificial intelligence to remove the bottlenecks that often affect regular data centres. New technology like this means AMD is set to capitalise on its big boost in popularity over the last couple of years and transform that into long term success.

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5. DocuSign (NASDAQ: DOCU)

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DocuSign is a software company that specialises in e-signatures. Formed in 2003 and a public company since 2017, DocuSign offers technology that lets people sign important documents digitally, from any device.

More than most, DocuSign did well out of the pandemic. With businesses forced to move most of their operations online, the need for people to sign for things online became acute. Its stock price increased by more than 200% as lockdowns took hold all over the world.

Along with its basic signature offerings, DocuSign has a much more advanced document-checking package that uses AI to scour important files for mistakes. That offers the company the opportunity to monetise a genuine enterprise-level solution that can help it make the next step in its journey.

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Where to buy the best AI shares

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You can buy any of the shares on this list using the brokers below. Use the links in the table to go to their website and start trading straight away, or read our detailed reviews of each platform to help you choose the right one.

Min. Deposit
$ 10
Best offer
User Score
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

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Min. Deposit
$ 0
Best offer
User Score
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
Min. Deposit
Best offer
User Score
Scope Markets is a regulated entity, following strictly the segregated accounts principal by offering a wide range of products together with Multi-Platform trading facilities.
Scope Markets offers one of the most comprehensive multimedia trading education libraries for traders all levels.
We commit to full transparency, excellence and continuous innovation.
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What is an AI stock?

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Any company that incorporates artificial intelligence or machine learning software in the product or service they offer. AI is relatively new but these companies operate across a whole range of industries, from futuristic cloud software to enhancing the supply chains of traditional, old-school companies.

Are artificial intelligence shares a good investment?

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They can be, although they are more risky than other industries because they are relatively unproven. Owning an AI stock is a bet on the future and you should be prepared to hold it for a while – years, rather than months – if you expect the technology to become more mainstream over time.

As with many tech stocks, AI companies are often volatile investments to hold. They might rise or fall dramatically over a short space of time as the industry is based on a lot of hype rather than real results at the moment. Keep your focus on the raw numbers: if the revenue and customer base keeps increasing, that’s a good sign if you’re in it for the long haul.

In an industry based on innovation and new technology, it’s more important than ever to keep track of the latest developments. New competition can spring up at any time and you want to be the first to know when it does. Use the links below to stay up to date with everything that happens in the AI sphere.

Latest AI news

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Dogecoin (DOGE) attempts to regain momentum following a 25% dip that started on 26 July. The original meme coin remains restricted in a buyer-populated demand region. While you might anticipate massive buying to trigger price uptrends, numb volatility limits Dogecoin’s potential surges. Faded volati
Bitcoin is moving slowly to the upside today after U.S. lawmakers “urged” Gary Gensler – Chair of Securities & Exchange Commission to approve the pending applications for a Spot Bitcoin ETF. House Reps. wrote a letter to SEC this week In a letter to Chair Gensler a day earlier,
Meta Platforms Inc (NASDAQ: META) just announced the Quest 3 – its new virtual reality headset that will go up against the Apple Vision Pro. Here’s what we know about the Quest 3 Quest 3 will start at $499 or more than double the price of its predecessor that’s by far the best-sell
Snap Inc (NYSE: SNAP) has decided to pull out of a business that it launched only in March. Its shares are still up 2.0% at writing. Snap is pulling the plug on ARES The social media company had introduced augmented reality for enterprise services (ARES) this year that particularly targeted retailer
Kneron – a California-based AI chips startup that eventually hopes to rival Nvidia Corp raised another $49 million on Tuesday. Kneron CEO spoke with CNBC today The announcement arrives as the semiconductor company presses ahead with commercialising its chips designed specifically for artificia
Pepe ($PEPE) has lost the hype it had months ago, which saw its price increase by a massive 9000%. The meme token attracted investors as its value skyrocketed to $0.00000431. Nonetheless, the tables have turned for the once-lucrative crypto. Pepe has lost around 24% over the last 30 days. PEPE has l

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James Knight
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James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the... read more.
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Jayson lives in Montreal with his wife and daughter, loves watching hockey, and is on a lifelong quest to perfect the art of Texas style BBQ.... read more.