From Nasdaq: 2024-05-17 07:30:00

Investors should consider well-known companies like Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOG, GOOGL) for AI investments. Both companies heavily rely on advertising for revenue, with Meta making 97.8% and Alphabet 76.6% of their Q1 advertising revenue, respectively. They utilize AI, including generative AI, for targeted advertising, offering attractive investment opportunities.

Alphabet and Meta Platforms, previously known as Google and Facebook, emphasize AI in their advertising strategies. Generative AI allows for personalized ads tailored to user preferences, improving engagement. Despite their success, both companies trade at reasonable valuations compared to the market and have shown significant earnings growth above the S&P 500 average. This makes them appealing investment options.



Read more at Nasdaq: 2 Artificial Intelligence Stocks to Buy Hand Over Fist in May