Promising Artificial Intelligence Stocks To Add to Your Watchlist – May 16th

Super Micro Computer, Globant, and Accenture are the three Artificial Intelligence stocks to watch today, according to MarketBeat’s stock screener tool. Artificial intelligence stocks are shares of companies whose core business involves developing, producing or deploying AI technologies—such as machine learning algorithms, data-analysis platforms, robotics and natural language processing. Investors buy these equities to gain exposure to the rapid growth and innovation driven by AI across industries, though they may face volatility due to high R&D costs, evolving regulations and fierce competition. These companies had the highest dollar trading volume of any Artificial Intelligence stocks within the last several days.

Super Micro Computer (SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

Shares of NASDAQ:SMCI traded up $2.02 during trading on Friday, reaching $45.98. 61,189,216 shares of the company traded hands, compared to its average volume of 66,431,195. The firm has a market cap of $27.44 billion, a P/E ratio of 23.10 and a beta of 1.36. The firm has a fifty day simple moving average of $35.58 and a 200 day simple moving average of $35.07. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $101.40.

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

GLOB traded down $34.10 during trading on Friday, hitting $98.74. The stock had a trading volume of 6,685,131 shares, compared to its average volume of 933,586. The firm has a market cap of $4.35 billion, a PE ratio of 26.54, a P/E/G ratio of 2.38 and a beta of 1.37. Globant has a 12 month low of $88.03 and a 12 month high of $238.32. The company has a 50 day simple moving average of $119.37 and a 200-day simple moving average of $178.25.

Accenture (ACN)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

ACN traded down $8.20 during trading on Friday, hitting $315.02. The stock had a trading volume of 1,995,939 shares, compared to its average volume of 3,301,816. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $197.30 billion, a PE ratio of 26.43, a P/E/G ratio of 3.23 and a beta of 1.35. The company has a 50 day simple moving average of $302.81 and a 200-day simple moving average of $341.53. Accenture has a 12 month low of $275.01 and a 12 month high of $398.35.