From Nasdaq:

Well-known stocks like Alphabet, Amazon, Microsoft, Meta Platforms, and Nvidia have been multi-baggers in recent years. These companies have seen their share prices soar by significant multiples since 2014. The primary driver of growth for these companies moving forward is artificial intelligence (AI).

Cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud are expected to see tremendous growth as IT spending shifts to the cloud and AI functionality becomes more critical. Nvidia, as a chipmaker, is also likely to benefit from this trend. Meta Platforms stands out with its open-source approach to developing AI.

While all five stocks have strong growth prospects beyond AI, Meta Platforms is the first to be eliminated due to its indirect focus on AI and uncertain future with the metaverse. Amazon’s e-commerce market is not as high-growth as the other companies. Microsoft’s high valuation and reliance on gaming led to its elimination.

Alphabet and Nvidia emerge as the top finalists. Alphabet has potential growth drivers in Waymo self-driving cars and quantum computing technology. Nvidia is highly influential across various technology markets including AI, gaming, self-driving cars, and the metaverse. Despite challenges, Nvidia is seen as the most likely to deliver a 5x gain by 2030.

While Nvidia is poised for significant growth, investors are advised to consider other high-potential stocks identified by The Motley Fool’s Stock Advisor service. These 10 stocks are projected to outperform the market and could offer substantial returns in the years ahead. John Mackey, Randi Zuckerberg, and Suzanne Frey have positions in some of the mentioned stocks. The Motley Fool has disclosed their positions and recommendations for investors to navigate the stock market effectively.



Read more at Nasdaq: Which Artificial Intelligence (AI) Stock Is Most Likely to Deliver a 5X Gain by 2030: Alphabet, Amazon, Microsoft, Meta, or Nvidia?