3 Millionaire-Maker Artificial Intelligence (AI) Stocks


The explosive growth of the artificial intelligence (AI) market has minted a lot of millionaires. For example, a modest $3,000 investment in the AI chipmaker Nvidia just 10 years ago would be worth nearly $1.5 million today.

But with a market cap of $3.6 trillion, it could be tough for Nvidia to replicate those millionaire-making gains over the next decade. Therefore, investors looking for those kinds of life-changing returns should seek out smaller companies that have more room to grow. I believe these three companies — Symbotic (NASDAQ: SYM), Serve Robotics (NASDAQ: SERV), and Lemonade (NYSE: LMND) — might just make the cut.

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An illustration of an AI chip on a circuit board.
Image source: Getty Images.

Symbotic produces fully autonomous robots for processing pallets in warehouses. It claims a $50 million investment in just one of its modules (which includes its robots and software) can generate $250 million in lifetime savings over 25 years. Its top customer is Walmart, which tasked the company with automating all of its U.S. regional distribution centers over the next decade. That deal accounted for 88% of Symbotic’s revenue in fiscal 2023 (which ended last September). Walmart is also one of Symbotic’s leading investors.

Symbotic is overwhelmingly dependent on Walmart, but it’s been gaining additional major customers like Target, Albertsons, and C&S Wholesale. It’s also providing more robots to GreenBox, a new warehouse-as-a-service joint venture it launched with its big backer SoftBank last year.

Symbotic’s revenue jumped 55% in fiscal 2024, and analysts expect its top line to keep growing at a compound annual growth rate (CAGR) of 32% over the next two years as it continues to fulfill its long-term deal with Walmart and lock in new customers. Analysts also expect it to turn profitable on a generally accepted accounting principles (GAAP) basis in 2025.

With an enterprise value of $3.1 billion, Symbotic’s stock still looks cheap at 1.3 times this year’s sales. It faces some near-term macro and competitive headwinds in the warehouse automation space, but it might just become a millionaire-maker stock over the next few years.

Serve Robotics develops autonomous sidewalk delivery robots. It was originally created as a unit of Postmates, which was acquired by Uber Technologies in 2020. Uber spun off Serve in 2021, but it still uses its robots to fulfill some of Uber Eats’ orders in Los Angeles.

Serve still generates all of its revenue from Uber, and it only operated 59 active robots across the Los Angeles area in the third quarter of 2024. But in 2025, it plans to deploy up to 2,000 robots for Uber Eats across the L.A. and Dallas-Fort Worth metro areas.



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