2 Top Tech Stocks to Buy in September
With the artificial intelligence (AI) market expected to triple in size through the end of the decade, investors who choose the right tech stocks should do very well. Statista projects the AI market to climb to $826 billion by 2030. Here are two stocks that will help you profit from this opportunity.
The rapid adoption of AI is driving phenomenal growth for leading AI chip supplier Nvidia (NASDAQ: NVDA). The stock soared over the last year, but Nvidia continues to see growing interest from enterprises using cutting-edge AI models and applications, which spells more revenue growth and new highs for the shares.
Data centers are still in the process of shifting from traditional computing using central processing units (CPUs) to accelerated computing for AI workloads using the far more powerful graphics processing units (GPUs). Nvidia's data center revenue grew 154% year over year last quarter, driven by strong demand for GPUs and networking products.
Source Fool.com
