3 AI stocks to invest: The market for Artificial intelligence (AI) is rapidly growing and some experts predict that the value of AI-powered services could reach an astonishing $14 trillion by 2030.
AI technology is already being used in many services such as cloud computing and online search. Companies that are at the forefront of AI innovation could be great long-term investments. Nvidia, Microsoft, and Alphabet are some of the top AI stocks to consider right now. These companies are leading the way in AI technology and investors who take a closer look at what they are doing will be impressed.
Top AI Stocks for the Next Decade
If you’re looking to invest in top AI stocks for the next decade, you should check out what Nvidia, Microsoft, and Alphabet are doing. These companies are leading the way in AI technology and are sure to impress
Alphabet INC, the parent company of Google, was caught off guard when Microsoft started using ChatGPT in its Bing search engine and In other products. But Alphabet didn’t waste time and launched its own chatbot called Google Bard, this year.
Bard can do things like write emails, answer complex search questions, and even code. Bard is still in the testing stage and not a full AI feature is available, but the company could catch up soon.
Alphabet has a huge advantage in the online desktop search market worldwide, with 88% of it. It won’t lose that easily. Even if it loses some market share for a while, the next version of Bard could be much better and help Alphabet keep its top spot in search.
Alphabet has also been using AI to decide which ads to show to online users for years, and it has 27% of the digital ad market in the U.S. Just like in search, this ad lead won’t go away easily. Google has already started using AI in its ad business, letting advertisers make campaigns with artificial intelligence.
However, investors shouldn’t forget that Alphabet’s Google Cloud service is also using AI. It’s Alphabet’s fastest-growing revenue segment, and 60% of the world’s 1,000 biggest companies use it. More AI demand could mean more growth for Google’s cloud business as these companies want to improve their own services in the future.
Nvidia is famous for its powerful semiconductors used in video games, but its graphics processors are also popular for AI processing.
Top tech companies have been using Nvidia’s GPUs in their AI servers for years. But with the recent launch of OpenAI’s ChatGPT chatbot, there could be even more demand for Nvidia’s GPUs. AI processing needs a lot of computing power, so companies will build faster and better GPU-powered servers to keep up with AI integration in their software.
This demand will make the AI semiconductor market grow fast, reaching an estimated $228 billion by 2033. That’s more than 10 times bigger than in 2023. Nvidia’s CEO Jensen Huang said the company will have a “huge record year” partly because of AI semiconductor demand.
Huang told CNBC that generative AI is a “big moment” for Nvidia’s growth. This new demand made the company give strong revenue guidance of $11 billion for the second quarter, much higher than analysts’ average estimate of $7.1 billion.
Nvidia is already a top player in the GPU-powered server market and is well-positioned to take advantage of the rapidly growing AI semiconductor market. Nvidia was already a strong company and leader in the semiconductor industry, and AI will help it grow even more.
Microsoft Tech investors have probably been watching Microsoft closely since it started using ChatGPT in some of its main products. Microsoft now has the chatbot in its Bing search engine, Microsoft 365 productivity apps, and Azure cloud computing services.
Some people are wondering if Microsoft’s Bing search could replace Google. It’s too early to know, but it’s clear that Microsoft thinks ChatGPT is good enough to use in many of its important products.
Microsoft could gain from AI in two ways.
- First, there’s the bigger AI-powered software market. Its Edge browser (which uses ChatGPT in Bing search) has already had more demand since the AI integration. And adding the chatbot to its popular Microsoft 365 apps will help keep these old products up-to-date.
- Second, the company’s Azure cloud computing services could grow because of more demand for AI services. Microsoft has invested over $10 billion in OpenAI, ChatGPT’s parent company. One benefit of this investment is that Microsoft is the only cloud host for OpenAI.
Big tech companies have already launched or are launching AI services that will make cloud computing demand go up. Microsoft is the second biggest cloud computing company after Amazon, so it’s an easy choice for many companies looking for strong AI cloud computing services.
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