From Nasdaq: 2024-11-20 04:25:00

The demand for generative AI services like OpenAI’s ChatGPT and Microsoft’s Copilot is skyrocketing, with a projected 40% CAGR growth from 2024 to 2032. Investing in AI-oriented stocks like AMD and ServiceNow could lead to significant gains, fueled by the expansion of the generative AI market.

AMD, the second-largest producer of x86 CPUs and GPUs, has seen substantial growth under CEO Lisa Su. The company’s revenue has grown at a CAGR of 17% from 2014 to 2023, with a surge in data center GPU sales for AI applications. AMD’s Ryzen CPUs are also gaining market share as Intel faces production challenges.

ServiceNow, a cloud-based platform, has experienced consistent revenue growth of 39% CAGR from 2012 to 2023. The company’s AI-driven Now Assist platform is driving expansion, with 44 customers spending over $1 million on its services. Analysts project a 21% CAGR revenue growth from 2023 to 2026, despite a premium valuation.

Investors have an opportunity to capitalize on the growth of companies like Nvidia, Apple, and Netflix through “Double Down” stock recommendations. These alerts highlight companies poised for significant growth, offering a chance for investors to benefit from potential lucrative opportunities. Don’t miss out on this second chance to invest in high-growth stocks.



Read more at Nasdaq: 2 Generative AI Stocks That Could Help Set You Up for Life