5 best AI stocks to buy in June 2021


Technology has come a long way, from mainframes to PCs to smartphones. The latest technology to capture the minds of investors around the world is artificial intelligence or AI. AI companies are any entity that benefits from the development of AI. This includes software developers and chip makers, as well as companies involved in machine learning and high performance computing (HPC). Here are some of the top AI titles to watch out for in June 2021.

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Pinterest is one of the largest data and AI companies in the world with a market value of over $ 43.7 billion. The company’s global monthly active users rose 30% (YTY) to 478 million in the first quarter of 2021. However, the company is yet to make a profit. The company has a strong financial data set with total marketable securities and cash valued at $ 2 billion.

On the technical side, moving averages such as exponential moving average (20) (67.74), simple moving average (20) (66.72), and volume weighted moving average (20) (67.59) indicate a buying action. On the other hand, oscillators such as the relative strength index (14) (60.09), the stochastic% K (14, 3, 3) (88.82) and the commodity channel index (20) (98.02) point to neutral action. PINS shares closed on June 21st at $ 71.13 with a downtrend of -4.12%.

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Nvidia is one of the largest manufacturers of graphics chips, with a market value of $ 449.0 billion. The company is well positioned to capitalize on AI technology, as it has devoted nearly 20% of its sales to R&D. The company is also at the forefront of the AI ​​revolution. Its first quarter showed a 13% increase in sales and 31% in profits, compared to the previous quarter. The company’s cash flow has increased at a rate of 35% over the past 5 years.


On the technical side, oscillators like Stochastic RSI Fast (3, 3, 14, 14) (73.17), Williams Percent Range (14) (−30.19), Bull Bear Power (37.40) and Ultimate Oscillator ( 7, 14, 28) (62.78) point to neutral action. On the other hand, moving averages such as simple moving average (200) (558.08) and volume weighted moving average (20) (689.52) point to a buy action. Closing of NVDA shares on June 21st at $ 737.09 with a downtrend of -1.13%.

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3. Taiwan Semiconductor – (NYSE: TSM)

Taiwan Semiconductor is a $ 565.8 billion technology company that manufactures integrated circuits for AI leader Nvidia as well as Qualcomm and Advanced Micro Devices. The company produces about 24% of the world’s semiconductors. Its high-performance computing sector, which is an AI-based technology, grew 30% in 2020, compared to a 25% growth in overall sales.


If we see this company’s technical indicators, moving averages such as volume weighted moving average (20) (117.18), shell moving average (9) (116.17), and exponential moving average (30) (116.80) ) indicate a sell action. On the other hand, oscillators like Bull Bear Power (−5.99), Stochastic RSI Fast (3, 3, 14, 14) (16.16) and Awesome Oscillator (2.4) point to neutral action. TSM shares closed on June 21st at $ 114.14 with a downtrend of -1.42%.

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Amazon.com is one of the biggest companies in the world starting to capitalize on AI. The company is valued at $ 1.7 trillion. The primary opportunity for investors comes from the company’s cloud business that leverages AI-powered computing for governments, enterprises, and other institutions. The company has over $ 200 billion in cash.


When we look at the technical side of Amazon, we see that oscillators such as Stochastic% K (14, 3, 3) (91.90), Relative Strength Index (14) (66.25), and Stochastic RSI Fast (3, 3 , 14, 14) (92.94) indicate neutral action. Simple moving average (10) (3385.41), volume weighted moving average (20) (3329.47), shell moving average (9) (3502.62) and other moving averages point to buy action. AMZN shares closed on June 21st at $ 3,453.96.

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DocuSign is a company specializing in obtaining signatures on a contract. Valued at $ 50.1 billion, the company recently acquired Seal Software, an AI firm. The company has doubled since its inception in 2018 to reach $ 1.5 billion. The company’s customer base will soon reach 1 million users. The company also limited its losses to $ 11 million in the first quarter, which is well below the 26% of a year ago.


On the technical side, Awesome Oscillator (45.89), Stochastic% K (14, 3, 3) (96.64), Stochastic RSI Fast (3, 3, 14, 14) (93.46), Bull Bear Power ( 43.7) and others oscillators point to sell action. On the other hand, moving averages such as volume weighted moving average (20) (237.01), simple moving average (200) (223.04) and simple moving average (100) (221.33 ) point to a buy action. DOCU actions closed on June 21st at $ 270.02 with a downtrend of -1.61%.

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As artificial intelligence occupies a central place in the technological revolution, investors will be advised to focus on such ventures in the near future. More companies will join the ranks of profitable investments as economic access to AI grows.

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