2 Top Artificial Intelligence Stocks to Buy Right Now
The market for artificial intelligence (AI) technology is a massive growth opportunity. Spending on AI software and systems is expected to grow to over $1 trillion, according to some estimates. But it's important to invest in companies that are actually going to make money from AI. This is how investors will know they are investing in a long-term winner.
Nvidia (NASDAQ: NVDA) and (NASDAQ: MSFT) are no-brainers. These top AI stocks delivered stellar returns to investors in recent years, and are already outperforming the market again in 2023 thanks to the growing demand for AI hardware and software. Here's why these two stocks are still great buys.
Nvidia has dominated the market for graphics processing units (GPUs) for many years. These chips power everything from video games to massive data centers. The company has regularly controlled around 75% or more of the GPU market for many years, and it is translating that lead to the AI market.
Source Fool.com
Microsoft Corp. Stock
With 106 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 420 € shows a slightly positive potential of 6.52% compared to the current price of 394.3 € for Microsoft Corp..
