Look to the future of artificial intelligence with these 3 computer vision stocks

Computer vision is critical to edge computing and artificial intelligence. Computer vision includes numerous optics-based inputs that computers can use to gather information. Optical inputs generate data continuously in large volumes, so they are critical to edge computing, and the future of AI and the industry is well positioned to make gains. Names like NVIDIA NASDAQ:NVDA, Microsoft NASDAQ:MSFTAND Oracle NYSE: ORCL they are seeing huge growth now, but once the infrastructure is up and running and the apps are built, the next wave of AI will begin. This wave will include the expanded use of IoT and connected devices based on the technology developed by these companies.

Ambarella is a pure play on Edge-AI computer vision applications

Ambarella NASDAQ: AMBA is committed to becoming the NVIDIA of computer vision by focusing on low-power, high-efficiency computer vision platforms based on proprietary chips, chipsets and SoCs. The company now struggles to maintain traction, but end-market normalization is at stake and growth should return soon without the impact of AI.

With the impact of artificial intelligence, Ambarella’s computer vision technology is expected to receive increasing demand from more and more end markets. Its semiconductor technology and software platform helps computers track objects and predict their movement in a 3D environment. This technology applies to all forms of autonomous machines, including self-driving vehicles.

Ambarella is not a buy because of the outlook for this quarter or even this year, but for next year and the year after that. Amberella’s troubles are expected to continue this year, but analysts expect a return to growth by the end of the year. Revenue is expected to accelerate significantly next year as end-market normalization turns into an advantage and artificial intelligence begins to impact the CV market.

Analysts have reduced their targets but continue to rate the stock at Moderate Buy with a 55% upside to consensus. The most recent activity tracked by Marketbeat.com involves two price target revisions above the consensus price indicating a sentiment bottom. Assuming the first quarter report is in line with the current outlook, Ambarella shares could start to recover soon. The first quarter report is expected by the end of May.

Symbotic is building the robots of tomorrow today

Symbolic NASDAQ: SYMBOL is developing technology to automate warehouses and revolutionize life across the planet. That’s because its computer vision and automation technology applies to all forms of robotics and is advancing rapidly. The computer vision lab focuses on several technologies, including LIDAR and binocular vision, so its robots can see in detail and precision.

Symbotic is a Buy Now because it is rolling out its technology today. The company’s revenues are growing in double digits and appeals to high-profile customers Walmart New York Stock Exchange: WMT AND Target New York Stock Exchange: TGT support it by distributing the platform across their networks. Revenue growth will likely be sustained at a double-digit pace thanks to a deal signed last year. Symbotic is working on GreenBox, a warehouse automation-as-a-service company that is expected to unlock billions in untapped revenue. Analysts rate the stock a Moderate Buy and see it advancing 32% versus consensus, with the consensus trending upward.

Government contracts validate the airship’s AI

Airship AI NASDAQ: AISP is a fledgling AI startup with an established business leveraging computer vision for security purposes. Its AI-powered video surveillance and monitoring technologies are used by the US government and at least one other country to monitor border security. The company’s revenue is small right now, but it’s on track to grow dramatically, and the market is paying attention. The price action of this stock recovered when the US announced a second contract from a US government agency earlier this year and accelerated to record highs when a third major contract was announced, with Singapore.

No analysts tracked by MarketBeat rate this stock yet, but that will likely change this year. The company expects triple-digit revenue growth and could easily exceed that forecast. Like Palantir, its AI capabilities are in demand by governments but are also valuable to the private sector. The opportunity for investors is that AAirshipAI’s platform is an add-on, integrating with existing surveillance systems, and the $64 billion market is growing at a CAGR of 10%.

Before considering Symbotic, you’ll want to hear this.

MarketBeat tracks daily Wall Street’s highest-rated and best-performing research analysts and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold… and Symbotic wasn’t on the list.

While Symbotic currently has a “Moderate Buy” rating among analysts, top analysts believe these five stocks are better buys.

View the five stocks here