Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Advanced Micro Devices (NASDAQ: AMD) represent two different ways to invest in the growing artificial intelligence (AI) market.

Alphabet's Google, which already owns the world's largest search engine, has been expanding its Gemini AI ecosystem with new tools for consumers and businesses. It also uses AI algorithms to craft targeted ads for its search engine, advertising network, and YouTube platforms.

AMD doesn't get as much attention as Nvidia as an AI chipmaker, but it's also been ramping up its production of its AI-focused data center chips. The rapid expansion of that business -- which includes its Epyc central processing units (CPUs) and Instinct graphics processing units (GPUs) -- is offsetting the slower growth of its PC, gaming, and embedded chipmaking segments.

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Source Fool.com