2 Magnificent Artificial Intelligence (AI) Growth Stocks Set to Join Apple and Microsoft in the $3 Trillion Club by 2030
There's been a technological shift in the major market indexes over the past two decades. For example, in 2004, General Electric and ExxonMobil reined supreme in terms of market capitalization, clocking in at $319 billion and $283 billion, respectively.
Now, just 20 years later, a review of the chart toppers helps illustrate the changing of the guard. Tech titans Apple and are currently in a class by themselves, with market caps of $3 trillion each (as of Thursday morning). A review of the top 10 provides further evidence of tech's dominance, as seven of the top 10 are industry-leading technology companies.
Over the past year or so, one of the biggest drivers of stock market gains has been advances in the field of generative artificial intelligence (AI). The potential for widespread productivity gains is causing a stir, and accelerating adoption could boost the next cohort of "three trillionaires." There are two stocks that I believe will be fueled by the growing demand for AI and join this exclusive group over the next seven years, if not sooner.
Source Fool.com
Microsoft Corp. Stock
With 112 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 12.5% compared to the current price of 376.9 € for Microsoft Corp..
