Tech Titans: 2 Top Artificial Intelligence (AI) Stocks to Watch Heading Into 2024
If you thought 2023 was an exciting year for artificial intelligence (AI), wait until you see what 2024 has to offer. Although the AI revolution was unofficially kicked off in late 2022 when ChatGPT rose to fame, 2023 saw many incredible releases by some of the biggest tech names in the industry.
2024 will surely bring more of the same, as many of these products are starting to be launched to broader, business-focused audiences. The top two names I'm watching in this space in 2024 are Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT). Both stocks have been exciting in 2023, and it won't surprise me if 2024 is just as good.
Nvidia has been the undisputed king of the AI movement, as its graphics processing units (GPUs) are the bedrock for the computers that create AI models. Customers use thousands of these units tied together to create the computing power necessary to crunch mounds of data for AI models.
Source Fool.com
Microsoft Corp. Stock
With 112 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 12.65% compared to the current price of 376.4 € for Microsoft Corp..
