Investors can consider Taiwan Semiconductor Manufacturing (TSMC) and Microsoft (MSFT) for AI dividend stocks.

From NASDAQ: 2024-06-19 05:02:00

Investors looking to cash in on the AI boom can consider AI dividend stocks. Taiwan Semiconductor Manufacturing (TSMC) is a top pick. As the leader in semiconductor foundry services, TSMC has a 62% market share and manufactures cutting-edge chips for clients like Apple and Nvidia. Its dividend yield is at a solid 1.2%.

Another AI dividend stock to consider is Microsoft (MSFT). The tech giant secured its place in the AI race with a multibillion-dollar investment in OpenAI and offers AI-powered copilot services in popular software. Microsoft’s Azure cloud platform is also seeing strong growth, with a 31% increase in revenue in the last quarter.

Microsoft’s net profits recently jumped 20% to $22 billion, and it is projected to grow earnings by over 16% annually. The company is set to benefit from the AI boom, with more than 65% of the Fortune 500 using its Azure OpenAI Service. Investors looking for AI-fueled profits and dividends should consider Microsoft for their portfolio.



Read more at NASDAQ: 2 Artificial Intelligence (AI) Dividend Stocks You Can Buy and Hold for the Next Decade