Investors have been searching for stocks that will thrive as artificial intelligence (AI) experiences rapid expansion and a growing number of use cases. In this story, we will look at three stocks: social media giant Facebook Inc. (FB), software company Microsoft Corporation (MSFT) and digital knowledge management company Yext Inc. (YEXT), which have all been listed as top analyst picks in a recent CNBC story. (For more, see also: How Google, Facebook, Amazon Will Ride The AI Wave.)


Facebook Inc., which has identified AI as the biggest initiative for next year, has stated publicly that it "wants to solve AI," according to CNBC. Analysts have given this company some bullish stock ratings as of late. Facebook was trading at $178.44 at the time of report, Google Finance data shows. However, Wells Fargo & Co. (WFC) analyst Ken Sana gave the company's stock a $215 price target on November 2, emphasizing that the social media giant "has the largest audience platform in the world" as the world gets ready for a "different computing era," CNBC reported. 


Microsoft, which has changed its strategy to "an intelligent cloud and an intelligent edge infused with AI" this year, has gotten some very positive ratings from analysts over the last three months, according to CNBC. During this time, only one of these analysts has given Microsoft shares a hold rating, while 13 others have given this company's stock buy ratings. 


Yext, a company that helps businesses control online data, could experience some significant upside, CNBC reported. KeyBanc analyst Brent Bracelin provided the company's shares with a buy rating and a $16 price target. At the time of report, Yext was trading at $12.73, Google Finance data reveals, so Bracelin's target represents a more than 25% gain. 

The analyst stated that AI and voice search are factors that could drive "high revenue growth" of more than 30% for Yext, according to CNBC. 

Other Beneficiaries

Several other stocks could benefit significantly as the market for AI, according to a recent Investopedia article. The article named Google parent Alphabet Inc. (GOOGL), semiconductor companies Micron Technology Inc. (MU) and Nvidia Corp. (NVDA), streaming service provider Netflix Inc. (NFLX), cloud-computing giant Inc. (AMZN), Oracle Corp. (ORCL) and International Business Machines Corp. (IBM) as companies that could produce some healthy profits as AI becomes increasingly relevant. (For more, see also: Amazon Among First With Cloud Service AI.

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