The growth of artificial intelligence is expanding across various industries – from tech startups to well-established old-school stocks. Some of these vintage companies have successfully tapped into the enormous potential of AI technology, reshaping not only their business models but also spearheading the AI rally. This article will delve into a few of these key companies setting the pace and revolutionize both their respective industries and the financial markets at large.
IBM (International Business Machines Corporation)
First on the list is IBM, a veteran in the technology sector. Despite its age, Big Blue recognized the technological shifts and swiftly positioned itself at the forefront of the AI revolution. DeepBlue, Watson and Project Debater are just three examples of IBM’s significant strides in AI. IBM’s Watson, a question-answering computer system, has made vast inroads into healthcare, providing doctors with AI-powered diagnostics and treatment recommendations. Apart from healthcare, IBM’s AI technologies are now applied in various sectors, including finance, marketing, and security, significantly driving its stock’s value.
General Electric
GE is another old-school stock that is no stranger to the ongoing technology renaissance. Its foray into AI began when GE made the strategic decision to transform into a digital industrial company, pioneering the Industrial Internet of Things (IIoT). GE’s Predix, the first cloud-based platform for industrial-scale analytics, integrates AI and machine learning to improve asset performance, minimize downtime, and prevent faults even before they occur. Fully committed to digital transformation, GE solidifies its position in the AI rally, making its shares more appealing to investors.
Microsoft
Microsoft may overlook as a pioneer in AI, mainly due to its legacy in personal computing. However, it is the facilitator of one of the most powerful cloud platforms, Azure, which supports advanced analytics and AI tools. Microsoft has also launched AI solutions that range from ML Studio for creating machine learning models without needing coding expertise to PowerBI that enables data-driven decisions. By integrating AI into existing software offerings, Microsoft has witnessed a surge in stock value and remains a strong contender in the AI rally.
Intel
Intel, a household name in CPU production, has also joined the AI bandwagon. Despite being known for its hardware, Intel’s strategic acquisition of AI software companies like Nervana and Mobileye has expanded its AI capabilities. With a focus on autonomous driving and deep learning applications, Intel is creating real-world AI solutions. These actions augment its reputation and stock value, ensuring Intel a prime spot in the AI rally.
Honeywell
A pioneer in home appliances and commercial control systems, Honeywell also harnesses the power of AI. Through Honeywell Forge, a powerful analytics software suite, it aids enterprises in making data-driven decisions, ensuring efficient operation procedures, and raising profits. Forge’s AI capabilities contribute to Honeywell’s transition from a conventional manufacturing enterprise to a cutting-edge tech firm, enhancing the attractiveness of its stock.
The above illustrates the remarkable ability of these old-school stocks to adapt and thrive in the face of technological changes. By aligning themselves with AI advancements, these enterprises have demonstrated not only savvy strategic reorientation but also a new growth potential that is appealing investors worldwide and fueling the AI rally.
