Better Artificial Intelligence Stock: Amazon vs. Alphabet
Artificial intelligence (AI) has captivated the tech world over the last year, with many companies pivoting their businesses toward the budding sector. According to Grand View Research, the AI market is expected to expand at a compound annual growth rate of 37% through 2030, which would see it hit a valuation nearing $2 trillion.
The generative technology can potentially boost a range of industries, from cloud computing to autonomous vehicles, e-commerce, productivity software, and much more. AI's growth potential suggests it's not too late to invest long-term in the industry and benefit from its future development.
As leading cloud companies, Amazon (NASDAQ: AMZN) and (NASDAQ: GOOGL) (NASDAQ: GOOG) are two attractive options. These tech giants are investing heavily in AI and could have much to offer investors in the coming years. So, let's take a closer look at both and determine which is the better option today.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 6.99% for Alphabet Inc. C compared to the current price of 158.9 €.
