Invest in Intel and Alphabet for AI growth potential, with strong financials and competitive advantages.

From Nasdaq: 2024-07-03 04:10:00

The AI market saw a huge boost in 2023, helping tech stocks recover from a previous downturn. The Nasdaq-100 Technology Sector has surged 88% since Jan. 1 thanks to OpenAI’s ChatGPT launch. AI spending is expected to reach nearly $2 trillion by 2030, offering great potential for growth and investment.

**Intel** has announced key changes, focusing on AI and manufacturing. The company introduced Gaudi 3 AI accelerators, offering top performance at a lower cost than competitors. Intel aims to become the primary chip fab in the U.S. by building new chip plants, making it an attractive investment with a low price-to-earnings ratio.

**Alphabet** is trading at a better value than rivals like Microsoft and Amazon. With strong revenue growth and significant investments in AI, Alphabet is a key player in the cloud computing industry. The company’s free cash flow hit $69 billion this year, showing financial strength and long-term potential for investors to consider.



Read more at Nasdaq: 2 Artificial Intelligence (AI) Stocks to Buy Hand Over Fist in July