Top Artificial Intelligence Stocks to Watch Today - February 02nd

As interest in artificial intelligence (AI) grows, several stocks stand out for investors looking to tap into this booming sector. Today, five notable AI-related companies that are worth watching include ServiceNow, Salesforce, QUALCOMM, Accenture, and Arista Networks. These companies are recognized as leaders in developing or utilizing AI technologies within their operations and services. They have recently seen the highest trading volumes among AI stocks, signaling investor interest.

ServiceNow (NOW)

ServiceNow, Inc. specializes in providing comprehensive automation solutions for digital workflows. Operating in multiple regions including North America, Europe, and Asia-Pacific, the company focuses on digital transformation leveraging technologies such as artificial intelligence, machine learning, and robotic process automation. Although the stock dipped slightly, many analysts believe that ServiceNow’s investments in AI and automation could lead to sustained long-term growth.

The NYSE:NOW stock reached $1,020.17 during midday trading and saw a trading volume of over 2.8 million shares, compared to an average volume of 1.26 million. The 50-day moving average stands at $1,083.66, while the two-hundred day moving average is $955.82. With a market cap of approximately $210.16 billion, the company has a P/E ratio of 149.37. ServiceNow has recorded a 1-year low of $637.99 and a high of $1,198.09.

Salesforce (CRM)

Salesforce, Inc. offers innovative Customer Relationship Management (CRM) solutions that help businesses connect with their customers. The platform assists companies in managing data, tracking leads, and delivering analytical insights powered by artificial intelligence. This service enhances customer interactions and provides personalized support at scale.

On Friday, shares of NYSE:CRM traded at $341.80, with a volume of around 5.78 million shares compared to an average of 5.64 million. The market capitalization stands at $327.10 billion, with a P/E ratio of 56.22 and a 1-year price range of $212.00 to $369.00.

QUALCOMM (QCOM)

QUALCOMM Incorporated is a key player in the wireless technology industry, focusing on the development of foundational technologies. The company operates through various segments, including Qualcomm CDMA Technologies, which is responsible for integrated circuits used in wireless communications and related applications.

On Friday, QUALCOMM's stock traded at $172.93 with a volume of 7.8 million shares, exceeding its average volume of 6.8 million. QUALCOMM's market cap is around $192.13 billion, with a P/E ratio of 19.24 and a 1-year price range of $139.26 to $230.63.

Accenture (ACN)

Accenture plc is known for its professional services, particularly in strategy, consulting, technology, and operations. The company provides various solutions, including intelligent automation services such as robotic process automation and data management strategies.

During Friday's trading, Accenture's stock rose to $384.88, with over 3.1 million shares traded. The company's market cap is noted at $240.86 billion, with a P/E ratio of 32.29 and a 1-year trading range from $278.69 to $387.51.

Arista Networks (ANET)

Arista Networks, Inc. specializes in cloud networking solutions for various environments, including data centers and campuses. The company's innovative networking operating system, known as Extensible Operating System (EOS), allows for efficient data management and application delivery.

On Friday, shares of Arista Networks climbed to $115.20, with a trading volume of 10.35 million shares, outperforming its average. The market cap stands at $145.13 billion, and the stock has a P/E ratio of 55.39, with a 52-week range between $60.08 and $133.57.

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