Want to Cash In on Artificial Intelligence? These AI Stocks Will Pay Immediate Dividends

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by Lindsey Francy May 20, 2023 News
Want to Cash In on Artificial Intelligence? These AI Stocks Will Pay Immediate Dividends

Artificial intelligence is one of the hottest topics in the business and investment world as a result of the launch of the chatGPT. Many companies want to learn how to use the power of artificial intelligence.

The investors want to cash in on the hype. Many artificial intelligence stocks won't live up to the hype. It's important for investors to consider companies with upside that haven't been caught up in the hype. The stock of Equinix is under the radar. Adding to their appeal is the fact that both dividends pay, which allows investors to immediately generate income from companies that are cashing in on the artificial intelligence trend.

Giving AI the space it needs

Equinix is a real estate investment trust. Companies will need space to store all the data used to train and run their artificial intelligence programs in those facilities.

The demand for artificial intelligence is already being seen by the real estate investment trust. On the first-quarter conference call, the CEO stated, "We have closed several key artificial intelligence wins over the past few quarters and are seeing a growing number of new opportunities directly and with key partners for both training and inference use cases." It will be an exciting incremental opportunity for the company as we are in the early days of artificial intelligence.

Strong Occupancy, rising Rental Rates, and New Development Opportunities could be supported by Artificial Intelligence. Two types of data centers are being used for artificial intelligence. Large-scale data centers are likely to have artificial intelligence in them. In retail locations close to end users, artificial intelligence interface programs will be able to crunch data and generate outputs.

The cash generated by Equinix's data centers gives it money to pay dividends. The S&P 500 has a 1.7% yield. A nice passive income stream can be generated from an artificial intelligence-powered stock. The company increased its payouts by 10% earlier this year and has increased its dividends over time.

There is a reasonable price on a company with a lot of upside. The stock has yet to get caught up on the hype of Artificial Intelligence and is currently down about 5%. They are much cheaper than many artificial intelligence stocks.

Leveraging the power of AI to empower customers

The strategy of the company is to be an experts platform. The company wants to use technology to improve outcomes for its clients.

The platform is powered by a number of technologies. Knowledge engineering is used to arrange and work with rule sets. Natural language processing is used to interact with customers. The company uses machine learning to find and personalize customer experiences. generative artificial intelligence is being invested in by Intuit.

The company is taking advantage of the power of artificial intelligence. Customers can use the power of artificial intelligence to create marketing email campaigns. Saving time and improving outcomes can be achieved with the help of marketers. Artificial intelligence can be used to help customers with their digital assistance or to match them with an expert. Credit karma uses artificial intelligence to give users personalized insights

Passive cash flow can be generated from the expert platform of the company. The company pays a modest amount of money. Many hype-driven artificial intelligence stocks aren't profitable or don't pay dividends, so it's a decentPayout. The company increases its dividends. Last year, it gave investors a raise.

The hype train has yet to hit Inuit, as the stock is about 35% below its 52 week high. The company trades at a reasonable 30 times earnings, which is less expensive than some popular artificial intelligence companies.

AI-powered income streams

The power of artificial intelligence is being harnessed by Equinix. Both companies pay quarterly cash dividends and investors don't have to wait for a payoff from their growth. Even if the technology doesn't live up to the hype, investors can still make a return on their investment.

Matthew DiLallo is employed in Equinix. The company has positions in Equinix and Intuit. There's a disclosure policy at the Motley Fool.