Buy AI Stocks – 5 Best AI Stocks To Buy Right Now In 2022

Fact Checked by Gary McFarlane

In recent years, the world has seen an explosion in AI opportunities. Due to its enormous potential, a lot of investors are flooding into the market looking for the best companies that can provide them exposure to this sector.

We tell you how to find the right companies in the market, what factors to look for, and explain the process of investing in the best AI stocks with a 0% commission broker.

Table of Contents

#1 Broker to Buy AI Stocks – eToro

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How to Buy AI Stocks – A Quick Guide For 2022

To get the ball rolling, let us offer you a quick glimpse into the actual process of how to buy AI stocks using an online broker.

We have used the best investment platform for this purpose – eToro, to show you that buying shares of AI companies can be extremely simple, quick, and easy.

  • Step 1: Open an Account with eToro – First, you need to set up an account with eToro. To do this, visit the website of the online broker and complete the sign-up form. You will be asked to provide some personal information along the lines of your full name, phone number, email address, and date of birth.
  • Step 2: Upload Your ID – eToro is a fully regulated broker and complies with anti-money laundering laws. Therefore, you will have to go through the KYC process, by submitting a copy of your passport, or any other accepted government-issued ID. You will also be required to provide proof of address by attaching a bank statement or utility bill.
  • Step 3: Deposit Funds – eToro requires you to make an initial deposit of $50, which can be processed via a credit/debit card payment, or an e-wallet like PayPal. You can also perform a bank transfer, but it might take a few days to complete the transaction.
  • Step 4: Search for AI Stock – Assuming that you know which AI stock you want to buy, you can find it on eToro by entering the name of the company in the search box. When your desired result appears, click on the ‘Trade’ button.
  • Step 5: Buy AI Stocks – You will now see an order box, where you can enter how many shares you want to buy, or the dollar amount you want to invest in the stock. When ready, click on ‘Open Trade’ to complete the purchase.

Crucially, eToro allows you to buy AI stocks from just $10. Once you place the order, the broker will execute it right away (given that it is during market hours) and the shares you purchase will be added to your portfolio.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best AI Stocks to Buy Now—List of the Best AI Stocks

The era of artificial intelligence is upon us, so this also means that there is a long line of companies taking advantage of this technology. Put otherwise, it can be a challenge to find the most promising AI stocks to invest in.

After studying the market carefully, we have compiled a list of the best AI stocks that fit a variety of investment profiles.

  1. Nvidia Corporation (NVDA) – Overall Best AI Stock to Buy Right Now
  2. Alphabet Inc. (GOOGL) – Best AI Stock for Innovation
  3. ABB LTD (SWX: ABBN) – Best AI Stock to Diversify
  4. Taiwan Semiconductor Manufacturing (TSM) – Best AI Stock for International Exposure
  5. Amazon (AMZN) – Best AI Stock for Long Term Growth

If you are wondering what makes these companies the best AI stocks in the current market, you can read our full analysis below.

How To Buy AI Stocks – Choose a Broker

Finding the best AI stocks is only part of making a smart investment choice. In addition to this, you also need to make sure that you are using the right online broker that can facilitate your share purchase.

Below, you will find a list of market-leading stockbrokers that allows you to invest in a secure and cost-effective manner.

  1. eToro – Overall Best Place to Buy AI Stocks
  2. Webull – Buy AI Stocks at 0% Commission
  3. Fidelity – Trusted US Brokerage With 7,000+ Stocks
  4. E*TRADE – Good Broker for Long-Term Investments
  5. Robinhood – Great US-Based Broker for Beginners
  6. Interactive Brokers – Trade US Stocks at 0% Commission
  7. SoFi – Invest in AI Stocks via Fractional Shares
  8. Zacks Trade – Top Broker for Advanced Trader
  9. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments
  10. Merrill Edge – Online Brokerage With a Variety of Investment Accounts

Before you rush to buy AI stocks, make sure that you conduct thorough research on which of these brokers offer you the features you are looking for. To help with that, we have prepared detailed reviews further down in this guide.

What are AI Stocks?

Artificial Intelligence, otherwise known as AI, is a technology that aims to replicate human intelligence in a computer with high speed and accuracy. In other words, AI makes it possible for a machine to learn from experience and adjust its output accordingly. Almost every app and digital tool we use today, from chess-playing computers to chatbots, to voice assistants and self-driving cars – all rely heavily on AI.

So, coming to our topic at hand, AI stocks are companies that use artificial intelligence in ways that are fundamental to their operations or contribute to the development of this technology.

  • Since the applications of AI are staggering, virtually any company in any sector can deploy this technology to enhance its practices.
  • However, there are a few established players in this field.
  • Over the course of the past few years, the use of artificial intelligence has been accelerated in the global economy.
  • Amidst uncertainties, companies are scrambling to develop new services using AI to improve their products.

In other words, the world of AI is constantly evolving. This makes it incredibly challenging to pick the best AI stocks.

Best AI Stocks to Buy Now – Full Analysis

In the sections below, we review the best AI stocks in this industry currently – based on their technology, business models, sales, and other financial factors such as valuation and funding history.

Although the analysis provided is comprehensive, we urge you to do your own research before you make an investment.

1. Nvidia Corporation (NASDAQ: NVDA) – Overall Best AI Stock to Buy Right Now

As one of the leading graphics chip companies, Nvidia moved headfirst into the AI boom, and it has been successful so far. This is not so surprising considering the demand for graphics cards in data centers across the globe. Consequently, the manufacturer’s business model has steadily increased in this market recently, and so has its total revenue – with AI as the driving force behind its growth.

Nvidia’s graphic cards are widely used in data center businesses, self-driving automobiles, video games, and plenty more. It is also planning to establish its own AI lab in the UK, to build a supercomputer powered by its own GPUs. These factors are expected to drive the price of NVDA stocks further. The company also pays out dividends, however, this is relatively low at a running yield of only 0.05%.

best Ai stocks NVDA chart

The value of NVDA shares has gone up by over 1,000% over the course of the past five years. The company has experienced positive revenue growth every year, except in 2020. In 2021, its earnings increased by a monumental 109% year-over-year in the computer and networking segments. Although there might be competitors that develop processors specific to AI in the future, currently Nvidia continues to be the market leader in this industry.

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Alphabet Inc. (NASDAQ: GOOGL) – Best AI Stock for Innovation

Alphabet Inc. is a multinational technology conglomerate holding company based in California. This stock might be more familiar to you as Google. Since its IPO in 2014, GOOGL has been one of the world’s top-performing stocks. The value of its shares has increased by more than 5,300% from where they were 17 years ago.

As one of the best AI stocks, the company’s financials have been stable and promising.  Additionally, Alphabet has set up another subsidiary named DeepMind, which specifically caters to AI and machine learning. In 2017, it also launched Gradient Ventures to promote its investment in the AI sector to encourage startups in this field.

Best Ai stocks Alphabet

It is not uncommon for companies to slow down once they have become established. However, that isn’t the case with Alphabet, which has resisted that tendency so far. In 2021 alone, the price of this AI stock has gone up by over 60% and third-quarter earnings of this year posted a 4.8% gain. Needless to say, AI is only one part of the firm’s revenue model. Google continues to dominate with online ads, and services like  Workspace and Cloud.

67% of retail investor accounts lose money when trading CFDs with this provider.

3. ABB LTD (SWX: ABBN) – Best AI Stock to Diversify

Headquartered in Zurich, Switzerland, ABB Ltd is a global manufacturer and seller of a wide variety of industrial products such as robotics, automation, and power grids. It serves customers in different sectors, including transportation, utilities, food & beverage, e-mobility, and infrastructure. This diversified structure allows the company to mitigate any adverse impact on one market with strength across others.

Best Ai stocks ABB

In order to facilitate its investment into artificial intelligence, ABB Ltd has built an AI accelerator program to support start-ups that want to market solutions in the industrial sector. The company’s share value has increased by over 50% in the past five years. Except for a dip in 2020, the price of this stock has continued to climb steadily. Furthermore, ABB might also be deemed a good choice by many investors since it offers a running dividend yield of 2.38% – as of writing.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) – Best AI Stock for International Exposure

Taiwan Semiconductor Mfg. Co. Ltd. is a Hsinchu, Taiwan-based manufacturing company that carries a huge market capitalization of over $500 billion as of writing. It produces AI Chips designed by other tech giants such as Nvidia, Apple Inc., and Qualcomm Inc. In addition to this, TSM also has its own in-house AI hardware research team focusing on several areas including 3D integration and non-volatile technologies.

When it comes to its financial standing, TSM carries over $150 billion in gross PPE (property, plant, and equipment) on its balance sheet. Moreover, in July 2021, it was reported that Wedgewood Partners will be funding this company. According to this global investment firm, Taiwan Semi is expected to generate substantial revenue growth, driven by its capacity in lead-edge manufacturing.

Buy AI stocks TSM chart

Over the past five years, the share value of this company has increased by over 300% and the firm has continued to sustain its growth since 2020. Another reason why TSM is one of the best AI stocks is that the manufacturer is well diversified. Taiwan Semi serves a wide range of markets and makes revenue from smartphone chips, the Internet of Things, digital consumer electronics, and more.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Amazon.com, Inc (NASDAQ: AMZN) – Best AI Stock for Long Term Growth

Amazon is one of the best AI stocks to have experienced accelerated growth during the pandemic. Although this company was launched as an online retailer, it has been relying on technology in many facets. For instance, Amazon deploys artificial intelligence for its personal assistant product Alexa and uses it in its other services such as Amazon Go grocery stores, AWS, cloud infrastructure, and more.

Amazon’s e-commerce business also relies on AI to make recommendations to consumers, the smooth running of its logistics, as well as to determine product rankings. That said, it might be difficult to quantify how AI impacts Amazon’s growth. Regardless, the company has demonstrated superb stock price performance over the past few years.

best Ai stocks Amazon

In fact, the stock value of Amazon has skyrocketed by over 350% over the past five years alone. It has also had stable revenue growth over the years. In addition to this, the projected EPS is up by 37.3% which is well above the industry average. At this point, the main concern for an average investor would be the high price of AMZN shares. However, brokers like eToro allow you to buy this stock from just $10.

67% of retail investor accounts lose money when trading CFDs with this provider.

How to Choose the Best AI Stocks for my Portfolio?

Identifying the best AI stocks to buy requires you to consider a wide range of aspects. For starters, you need to diligently study the financial standing of a company, to analyze metrics such as dividends, P/E ratio, earnings growth, and more.

While stability is a key factor, you shouldn’t look past innovative startups that are getting future-ready.

In simple terms, choosing the right AI companies to invest in can be a complex process, especially at the pace this industry is evolving. For that reason, we have prepared a checklist of what you need to look for when picking the best AI stocks for your portfolio.

Innovation

The AI sector has become highly competitive, and it is nearly impossible for a company to sustain itself without delivering consistent performance. With many players working on similar solutions, there is always the risk that a competitor could come up with a better idea.

  • For instance, although Nvidia holds over 60% of the market share for PC-based GPUs. Its biggest competitor AMD is catching up fast.
  • It has recently signed a deal with Facebook and has upcoming projects with Amazon and Google.
  • Intel, another leading player, is also set to release its GPU brand in 2022.

In other words, companies need to innovate aggressively, in order to make their AI-based offerings not only efficient and customizable but also cheaper.

Industry

As we mentioned earlier, AI has applications across every industry. However, the risks of a specific category can spill over to the company’s direct investment in AI. For instance, let’s suppose that you invested in a business such as Uber that implements AI for generating prices.

Best Ai stocks, how to choose best AI stocks - Example Uber

During the COVID-19 pandemic, the business suffered significant losses due to the lockdown. And as such, this took a big toll on the stock, which fell by over 28% during 2021 alone. On the other hand, Amazon profited tremendously during the same crisis. In other words, a company’s share value can be affected by industry-specific factors, regardless of how they use AI. 

Data

Every AI company relies on the collection of data and its analysis. As such, businesses with access to unique or vast amounts of information can have a sizable advantage in this industry. The best example of this is Google.

With its search engines, Google can leverage access to a plethora of information to build innovative AI solutions. Considering this, it might be a good idea to make sure that you look into how companies are procuring useful data before determining it as one of the best AI stocks for your portfolio.

AI Startups

Multinational conglomerates are not the only choice when it comes to choosing the best AI stocks.

  • There are dozens of other AI companies that are working to develop innovative technologies.
  • However, most of these are still in the pre-IPO stages or are too early to be publicly traded.
  • Before deciding to invest in such establishments, you need to take a hard look at the firm’s funding history to see if they are backed by respectable venture capitalists or angel investors.

Given these factors, it would be wise for you to keep an eye out for any upcoming developments, so that you can take advantage of new and exciting AI investment opportunities.

Ethical AI

While AI seems to have many advantages, several companies have also been under scrutiny for deploying biased algorithms. For instance, the stock value of Facebook was overly volatile in 2018, due to scandals centered on how the platform was misusing AI.

best AI stocks Palantir

Another example is that of Palantir, an analytics company that was criticized for giving the UK government access to citizens’ data to track COVID-19 patients. In the current social landscape, it could be wise that the stocks you get behind use technologies fairly and ethically.

Financial Stability

And as with any other investment, in choosing the best AI stocks for your portfolio, you should perform thorough fundamental analysis.

You can consider the AI company’s:

  • Market capitalization
  • Earnings growth, revenue, cash flow
  • Competition and industry
  • Management
  • Historic performance of the stock

Understanding these factors will allow you to make informed decisions when thinking of how to buy AI stocks.

Where to Buy AI Stocks – Full Broker Reviews

Up until now, our guide has discussed how you can select the best AI stocks for your portfolio. But to make sure that you have covered all bases, you also need to find the right broker.

After all, the internet is filled with dozens of brokers in all shapes and sizes. You not only need to make sure that the platform can give you access to the right AI stocks but that it also comes with competitive fees and commissions.

Taking these metrics into account, our research team has compiled a list of the 10 best brokers that allow you to buy AI stocks from the comfort of your home.

1. eToro – Overall Best Place to Buy AI Stocks

bitcoin today

With over 20 million global clients, eToro is one of the most popular online brokers of today. This platform gives you a user-friendly interface to invest in a variety of assets, while still supporting advanced trading orders and charting tools. Moreover, if you want to buy the best AI stocks via this provider, you can access shares listed on 17 exchanges, including those in the US, Europe, the UK, Asia, and the Middle East. This allows you to create a diversified portfolio.

When it comes to available assets, eToro supports more than just equities. You can also access ETFs, indices, commodities, forex, and even cryptocurrencies through this broker. And moreover, the platform offers low investment fees. If you use eToro to buy AI stocks, you do not have to pay a single cent in commission. The spreads for other markets are also highly competitive, and you do not have to worry about deposit fees when funding your account in US dollars.

etoro copy portfolio

If you consider yourself a trader rather than an investor, you can also engage in CFD trading of the best AI stocks via eToro. Moreover, this broker also supports fractional shares from just $10. Meaning, you can gain exposure to the AI market without having to risk large amounts of money. Alternatively, you can also take advantage of passive investment tools such as CopyPortfolios.

For example, Four-Horsemen and Chip-Tech are two portfolios that give you access to a basket of companies associated with AI and other emerging technologies, while allowing you to diversify in one go. Most importantly, eToro is one of the most heavily regulated brokers that you will come across. This platform is licensed by the SEC, FCA, CySEC, and ASIC, providing you with a safe environment to make your investments.

Pros

  • Invest in stocks at 0% commission
  • Minimum investment per stock is $50
  • Supports debit/credit cards, e-wallets, and bank transfers
  • Regulated by the SEC, FCA, ASIC, and CySEC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Buy AI Stocks at 0% Commission

webull review

Webull is another broker that gives you access to US-listed AI stocks at zero commission. That said, the spread here might be a little higher than what you would pay on eToro, so you might want to keep that in mind.  The platform also offers access to newly listed IPOs and gives you the opportunity to trade forex, cryptocurrencies, and ETFs.

webull review

We also like Webull because this broker allows you to buy AI stocks as fractional shares. Moreover, there is also no minimum deposit amount required to open an account. When it comes to funding your investments, you can do this via ACH or a bank wire. However, payment methods such as credit/debit cards and e-wallets are not supported.

Pros

  • Thousands of US-listed stocks
  • 0% commission trading
  • Also supports ETFs and stock options
  • No minimum deposit

Cons

  • No support for debit/credit card deposits
  • Very limited selection of non-US stocks
  • Spreads can be somewhat high
  • Wire transfer withdrawals cost $25 per transaction

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Fidelity – Trusted US Brokerage With 7,000+ Stocks

fidelity review

Launched in 1946, Fidelity is a well-established broker that lists 7,000 stocks. As a well-regulated platform, Fidelity is licensed by the SEC and is also registered with FINRA. Additionally, we also like the fact that it follows a zero-commission fee structure for US-based stocks and ETFs. If you would like to receive support in financial planning, this provider also offers wealth management services.

In addition to this, Fidelity also enables you to purchase AI stocks from just $1 as fractional shares. This works best for expensive companies such as Amazon which is priced at over $3,400 at the time of writing. Equities are not the only assets supported by this broker. You can also tap into the markets of fixed income, bonds, CDs, cash management, and ETFs to diversify your portfolio. Moreover, there is no minimum to open an account, and you can fund it by depositing a check or by making a bank transfer.  

Pros

  • Trusted US-based brokerage
  • $0 commission on US stocks and ETFs
  • Stock Slice tool allows fractional investments of $1 

Cons

  • Perhaps too complex for newbies
  • Non-US assets come with high fees  

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

4. E*TRADE – Good Broker for Long-Term Investments 

E*TRADE review

E*Trade is another US-based broker that gives you access to multiple asset classes such as equities, options, ETFs, futures, mutual funds, bonds, and CDs. You can buy AI stocks without having to pay any commission via this provider. It is also possible for you to diversify in one go by investing in one of the prebuilt portfolios designed by E*Trade’s native automated software.

E*TRADE review

That said, you might notice that the selection of international stocks offered is quite limited. However, it delivers robust tools for those who want to trade actively, including three web-based downloadable software programs and two mobile platforms. This means it is a good choice for serious investors, seasoned traders, and everyone in between.

Pros

  • Great for long-term investments
  • Supports a variety of retirement accounts
  • Low fees  

Cons

  • Very limited number of non-US stocks
  • Won’t suit seasoned investors seeking high-level trading tools     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Robinhood – Great US-Based Broker for Beginners 

robinhood review

Robinhood was launched with a competitive advantage of charging zero commissions for stocks and cryptocurrencies. However, today, the broker is better known for being a beginner-friendly platform for those looking to invest with little to no experience. It is extremely easy to set up an account and you can find your way around the platform without much trouble.

robinhood review

Plus, Robinhood also supports the trading of stock options, ETFs, and cryptocurrencies. There is also no minimum deposit required for you to set up an account. However, if you want to make large transactions of over $1,000 via instant payment methods, then you need to sign up for a gold account, which comes at $5 per month.

Pros

  • No commissions charged
  • Offers US-based stocks, ETFs, and options
  • No minimum deposit
  • Very user-friendly

Cons

  • Spreads can be uncompetitive
  • No support for e-wallets or debit cards
  • No foreign stocks

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

6. Interactive Brokers – Trade US Stocks at 0% Commission

Interactive Brokers

Interactive Brokers is one of the largest investment facilitators in the world and it gives you access to companies listed on global exchanges across the US, Canada, Europe, Mexico, Asia Pacific, and Africa. In other words, this is one of the few platforms that allow you to buy AI stocks in multiple international markets and diversify – all via a single provider.

Interactive Brokers

Furthermore, if you are to invest in US-listed stocks via this broker, you do not have to pay anything in commission. That said, the fee for trading international shares varies depending on the location, as well as your account type. One more thing we would like to point out is that this platform is better suited for seasoned investors. Although newbies can navigate the website with not much difficulty, the trading interface and other tools are more geared towards advanced traders.

Pros

  • Thousands of investments across 135 markets
  • Advanced trading platform for seasoned investors  

Cons

  • Low fees only offered on US-listed stocks
  • Too complicated for beginners 
  • Debit card deposits and withdrawals not available     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

7. SoFi – Invest in AI Stocks via Fractional Shares   

SoFi invest review

SoFi is widely considered a suitable platform for newbie investors in the US. The broker offers an intuitive online trading experience, giving you the option to choose between active or automated accounts. There are no trading fees or account minimum requirements to start investing with this provider, but you need to make an order worth at least $5.

SoFi invest review

Aside from equities, SoFi also gives you access to the cryptocurrency markets. However, the catch is that this broker is available only for US residents. Moreover, it only supports stocks listed on the NYSE and NASDAQ and not any international exchanges. That said, SoFi is a full-fledged platform that integrates other financial services such as personal loans, insurance, credit cards, and banking, which might be preferred by many.

Pros

  • Supports fractional shares
  • Offers stocks, ETFs, and crypto
  • Access to IPOs 

Cons

  • Trading platform comes with limited features
  • No copy trading tools
  • Number of supported assets is somewhat limited

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Zacks Trade – Top Broker for Advanced Traders

zacks trade review

Zacks Trade is designed with seasoned traders in mind. It supports a variety of charting tools and indicators, along with several account types for you to choose from. However, unlike the majority of brokers listed here, you cannot buy AI stocks on a zero-commission basis. Instead, the fees are set at $0.01 per share and a minimum of $1.

zacks trade review

Foreign AI stocks will cost you even more, depending on the market you are investing in. Additionally, you also have to make a minimum deposit of $2,500 which can be quite high for beginners or casual investors. On the other hand, supported payment methods are inclusive of credit/debit cards, bank transfers, and e-wallets. Moreover, Zacks Trade is a member of the FINRA, thus ensuring the legitimacy of the platform.

Pros

  • Advanced trading platform
  • Huge research and analysis department
  • Great for seasoned traders

Cons

  • Too complex for beginners
  • Cheaper trading fees available elsewhere
  • Minimum deposit recommendation of $2,500 or more

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

9. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments

Ally Invest review

Ally Bank is a market leader in digital banking services, with Ally Invest as its brokerage arm. Launched in 2005, the platform is regulated by the SEC and also holds membership with FINRA. Those who want to adopt a hands-off approach in investing might also want to consider Ally Invest. This provider stands out for its robo-advisor offering and allows you to choose from four different portfolio styles.

Ally Invest review

It offers commission-free access to buy AI stocks listed in the US. In addition to this, you can also trade forex via a dedicated interface. However, the broker does not offer companies listed outside of US-based exchanges. The fees charged varies depending on the type of account opened, and when it comes to depositing methods, your options are limited to checks and bank transfers.

Pros

  • Access banking and investment services via a single platform
  • $0 commission stocks and ETFs
  • No minimum deposit

Cons

  • Does not offer international shares
  • Tools and research features very limited   

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

10. Merrill Edge – Online Brokerage With a Variety of Investment Accounts

Merrill Edge review

Merrill Edge, another SEC-regulated online broker, is a part of the renowned Bank of America’s retail division. And as you can imagine, this gives you access to a wide variety of services, and notably, excellent in-person customer support. This platform allows you to buy AI stocks in the US at 0% commission and requires no minimum deposit for a standard account. However, if you require financial guidance, then you need to make a deposit of at least $1,000 and pay a 0.45% advisory fee.

Merrill Edge review

The most significant advantage of this broker is that it seamlessly connects investing with the BoA banking experience. If you are already a client of the Bank of America, then you will have no trouble with onboarding. Moreover, you can also access multiple trading platforms and securities such as mutual funds, ETFs, and options. There is also a robo-advisory feature integrated into the website and a simple-to-use mobile app.

Pros

  • Several account types to choose from
  • Self-directing accounts offer 0% commission stocks
  • ETFs, mutual funds, and bonds also supported 

Cons

  • Financial advisory accounts require minimum investment of $20,000
  • No direct fractional share purchases    

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy AI Stocks – Detailed & Explained in Full

At this point in our guide, you know how to choose the best AI stocks, and which platforms you can use to complete your purchase. However, some of you might be stepping into the investment arena without a clue of how the process actually works.

To help you get started, we have created a step-by-step guide on how you can buy AI stocks today. We are using eToro for this walkthrough – as the broker gives you access to all the AI stocks discussed on this page from just $10 and charges you zero commission.

Step 1: Open a Broker Account

The process of opening an account with eToro is simple and quick. All you need to do is to visit the homepage of this broker, where you will find the ‘Join Now’ button. You can then fill out the username you want to use, alongside your email address.

You will also have to provide some basic personal information – such as your full name, date of birth, phone number, and home address. Upon completing this step, you will then be redirected to complete your identity verification.

how to join etoro

eToro implements strict laws when it comes to KYC. This is in line with the regulatory requirements set by the SEC. However, it only means that you need to upload your government-issued ID card, such as a valid passport or driver’s license.

You will also have to validate your home address, which can be done by submitting a bank statement or a utility bill issued within the last three months. Since this process is automated, eToro checks the documents you have provided almost instantly and notifies you via email right away.

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Deposit Funds

To buy AI stocks via an online broker, you will first have to make a deposit. This means that you will need to add some money to your eToro account. As you can see in the image below, the platform supports a variety of payment methods.

Deposit Funds

You can choose a traditional option such as a bank wire, or make an instant payment via your debit/credit card, PayPal, Neteller, or Skrill. Select your preferred method and fill out the necessary details before specifying how much you want to deposit. The minimum amount required is $50.

Step 3: Search for AI Stocks

eToro supports numerous AI stocks, including all of the companies we have discussed today. Once you know which company you want to invest in, all you need to do is search for it on the platform. This will show you all the related results, and you can click on the one you want to buy.

how to buy AI stocks eToro

In our example above, we are searching for Nvidia stocks. Then you can press the ‘Trade’ button to proceed.

Step 4: Buy AI Stocks

When the order box appears, you can enter how much you want to invest in your chosen stock. In the example here, the amount shown is $10, which is the minimum required. This means that you can purchase fractional shares of the company.

How to buy AI stocks

If the market is closed, you can click on the ‘Set Order’ button to place your order, and eToro will execute it as soon as the exchange is open. Otherwise, you will see the ‘Open Trade’ button, which you can use to carry out your AI stock purchase right away.

How to Buy AI Stocks – Conclusion

The key takeaway here is that AI has the potential to change the world, so buying relevant stocks from this market is well worth considering. While well-established companies such as Google and Amazon are some of the best AI stocks in the market, there are also several startups that might be worth your attention.

In other words, it is imperative that you take a closer look at the market to decide which AI stocks you want to purchase, based on your tolerance for risk. Regardless, you will also want to make sure that you choose a suitable broker to complete your AI stock investment. Not only is eToro fully licensed by multiple financial authorities, but you can also buy AI stocks on a zero-commission basis.

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.