Better Artificial Intelligence (AI) Stock: Alphabet vs. Amazon
Artificial intelligence (AI) has easily been the theme of 2023, with countless companies pivoting their businesses to the budding market. The launch of OpenAI's ChatGPT last November reignited interest in the technology and made many rethink what was possible with AI.
The industry has significant growth potential, with applications in numerous sectors, from healthcare to education, machine learning, consumer products, cloud computing, and more. According to Grand View Research, the AI market hit $137 billion in spending in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 37% through 2030.
As a result, it could be worth adding an AI stock to your portfolio and likely profiting from the industry's long-term development. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) are two attractive options, with both holding top positions in the cloud market and heavily investing in AI over the last year.
Source Fool.com
Alphabet Inc. A Stock
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 13.4% for Alphabet Inc. A compared to the current price of 156.08 €.
