Soar: Capitalize on the Bull Run
The global artificial intelligence (AI) market is projected to hit a staggering $603.5 billion by 2025, asper BusinessWire. Investors are increasingly eyeing AI stocks that show strong growth potential and are poised to capitalize on the forthcoming AI revolution. Let’s explore three AI stocks that may be ready for a bull run.
Alphabet Inc. (GOOGL)
Alphabet Inc., the parent company of Google, has made significant strides in AI development, investing heavily in Google Brain, a deep learning research bestowed with numerous awards. Google’s Home, Assistant, and Photos relies on AI, as do many other Google products. In Q1 2021, Google saw a 62% year-on-year growth in Google Cloud revenue, which is primarily AI-driven.
NVIDIA Corporation (NVDA)
While NVIDIA is mainly known for its graphics processing units (GPUs), the company’s AI capabilities are unparalleled. NVIDIA’s GPUs have become vital tools for training AI models. The company’s Try AI platform provides users with easy access to these powerful resources, making it easier for developers to build cutting-edge AI applications.
Microsoft Corporation (MSFT)
Microsoft’s enormous investments in AI are evident in its various offerings, such as Azure AI, Microsoft Research, and its chatbot, Xiaoice. With the strong demand for cloud services, Azure AI’s growth is anticipate to be impressive. As reported by Statista, Azure AI’s market share ranked second in the cloud Infrastructure-as-a-Service (IaaS) market as of 2020.
No investment is without risk, and it’s crucial to consult with a financial advisor before making any decisions. When considering AI stocks, as with any investment, it’s important to scrutinize financial reports and key performance indicators to determine if a stock is right for your portfolio.
Sources
- Artificial Intelligence Market to Surpass $600 Billion by 2025; COVID-19 Analysis, Trends, and Capital Investment │ BusinessWire (businesswire.com)
- IaaS market share worldwide as of 2020 │ Statista
- Google already owns one of the most valuable AI portfolios in tech │ The Motley Fool
- Microsoft and AI: a Perfect Match │ Nasdaq