Better AI Stock in 2024: Microsoft vs. Intel
Artificial intelligence (AI) has captivated Wall Street over the last year -- and for good reason. Data from Grand View Research shows the AI market hit nearly $200 billion last year and is projected to expand at a compound annual growth rate of 37% through 2030. That forecast would see it exceed a value of $1 trillion before the end of the decade.
Consequently, it's not surprising that firms across the tech sector have restructured their businesses to prioritize AI development, creating dozens of ways to invest in the high-growth sector in the new year.
Two attractive options are (NASDAQ: MSFT) and Intel (NASDAQ: INTC), with one excelling in the software side of AI and the other making promising inroads in the chip sector. These companies have significant potential in AI and likely have much to offer new investors over the long term.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 7.2% for Microsoft Corp. compared to the current price of 391.8 €.
