Investing in AI stocks like AMD and C3.ai expected to reap significant returns

From Nasdaq:

1. The artificial intelligence (AI) market is booming, with spending on generative AI software expected to hit $143 billion by 2027. Investing in AI stocks like Advanced Micro Devices (AMD) and C3.ai could reap significant returns as they innovate and grow in the AI chip and application markets.

2. Advanced Micro Devices (AMD) is gaining traction in the AI chip market, with expectations of over $3.5 billion in revenue from data center GPUs by 2024. The company’s new MI300 chip is driving customer demand, making it a strong contender in the AI sector with potential for substantial long-term growth.

3. C3.ai, a provider of AI applications for businesses, is poised for growth with a subscription-based revenue model and diverse customer base. While recent growth slowed, reacceleration is expected as the company signs new agreements with major companies like Boston Scientific and T-Mobile, indicating a bright future in the AI services industry.



Read more at Nasdaq: 2 AI Stocks to Buy Hand Over Fist in March