Better Artificial Intelligence (AI) Stock: Apple vs. Microsoft
The artificial intelligence (AI) market has blown up this year, triggering a recovery for many tech stocks that experienced significant declines under economic strains in 2022. The launch of OpenAI's ChatGPT last November sparked a frenzy among tech enthusiasts, causing many to rethink what they thought was currently possible with AI.
As a result, many companies have pivoted their businesses toward expanding the industry, with hopes to profit from its projected development. Apple (NASDAQ: AAPL) and (NASDAQ: MSFT) have each made inroads in AI this year, with one prioritizing the consumer market and the other focusing on the commercial sector. As the world's first and second most valuable companies, these tech giants have substantial resources and could become major players in the industry over the long term.
So, let's look at whether Apple or Microsoft is the better stock to invest in AI.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 107 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 4.36% for Microsoft Corp. compared to the current price of 406.3 €.
