2 Top Artificial Intelligence (AI) Stocks That Could Go Parabolic in 2024
Following the launch of OpenAI's ChatGPT, generative artificial intelligence (AI) has taken the market by storm, helping send the S 500 Index up 25% year to date. Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses.
Let's discuss why 2024 could be even more exciting for these two AI-related stocks.
With shares up a jaw-dropping 246% in 2023, Nvidia is arguably the biggest winner in 2023's AI gold rush. And unlike some other AI companies, its operating performance has surged to match the hype. It isn't too late for investors to bet on Nvidia's continued success because of its reasonable valuation and spectacular margins.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 85 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a positive potential of 29.46% compared to the current price of 135.18 € for Advanced Micro Devices Inc..
