RE:Best AI Stocks In Canada (Feb 2023), DM included....thanks IVB!... great article... From what I could see there were no fees paid for this article and it is a genuine article about AI stocks both in Canada and the US... while I would argue DM should be #1, I would say that AI is in its infancy and there is plenty of room on the playground for multiple companies to be successful... so it doesn't worry me since DM is listed as the #5 AI company in Canada...
...next I want to clearly draw your attention to this... look at all the valuations of the Canadian companies... ranging from N/A to about $52M... Noting that with DM run yesterday to $0.12 I think our Market Cap is around $49M... now look at the valuations of the American AI companies.... they are in the BILIIONS OF DOLLARS... I wonder if our Canadian AI stocks are undervalued at all?...
...next look at the valuations of the big stocks investing in AI... In the TRILLIONS OF DOLLARS...
... next think about Open AI and CHATGPT and their valuation of $1B and to my knowledge they do not have revenue and the true uses and capabilities of CHATGPT are not yet fully known, to my knowledge...
...next look at DM, the Canadian AI company "that could".... reference to a Thomas the Train quote.... DM has battle tested AI and contracts with the Canadian Department of National Defense, with multiple multi BILLION DOLLAR companies such as Lotte and Samsung... who has their AI being applied across social media, health care, the EV sector, financial sector, manufacturing sector, and who knows where else all with CONTRACTS and PAYING customers in each... and DM just posted an NR referring to some sort of new groundbreaking ability that will be similar to CHATGPT.... Is undervalued?.... We'll, up to you to decide but I have a smile from ear to ear knowing what I own as the world catches up in trying to get to know what I own...
https://money.tmx.com/en/quote/DM/news/7499287247258078/Nexalogy_Further_Advances_Its_AI_NexaSMART_Software_to_New_Trending_Heights
...ALL IMO... DYODD...
IvanVanBeethoven wrote: Even though it’s currently in its infancy, artificial intelligence has the potential to change the world in ways that we just can’t predict yet.
Even by our best estimates, we are decades away from true artificial intelligence (or artificial general intelligence), but AI’s practical applications are already numerous and growing by the day.
It wouldn’t be a stretch to say that investing in the best AI stocks in Canada could turn out to be like investing in Amazon at its IPO before you even knew what e-commerce was.
5. DataMetrex AI Stock (TSXV)
- Ticker: DM.V
- Forward Dividend Yield: N/A
- Market Cap: $41.03 Million
- Average Analyst Rating: 2.0 - Buy
AI has been aggressively used in cybersecurity nowadays. That’s because, due to the heavy digitization of data and online reliance of businesses, the “attack surface” has gotten enormous, and it’s almost impossible for conventional cybersecurity tools to cover everything and keep up with the attacks.
AI-powered cybersecurity tools are the next-generation defence, and that’s something DataMetrex engages in, albeit in an unconventional way. However, its reliance on AI-powered analytics is quite evident.
https://wealthawesome.com/best-ai-stocks-in-canada/