Artificial intelligence (AI) is poised to reshape the global economy, and savvy investors can profit from this trend. Two top tech stocks, Advanced Micro Devices (AMD) and Palantir Technologies (PLTR), are well-positioned to benefit from the growing AI market.
AMD’s chips are in high demand due to their ability to accelerate AI workloads. The company expects sales of its AI chip sales to grow by 60% annually, reaching $500 billion by 2028. Tech giants like Microsoft and Meta Platforms are using AMD’s chips to power their cloud computing operations, which is expected to boost the company’s market share.
Meanwhile, Palantir Technologies provides software that enables companies to gain valuable insights from their data. The company has partnered with major tech giants like Microsoft and Oracle to accelerate its growth. Its top-rated machine learning technology can find patterns across disparate data sources, strengthening clients’ decision-making processes.
Both stocks are expected to deliver handsome gains to their shareholders in the years ahead. With AMD’s growing AI chip sales and Palantir’s expanding software offerings, these companies are poised to benefit from the AI boom.
Source: https://finance.yahoo.com/news/2-artificial-intelligence-ai-stocks-092900344.html