Invest in AMD and Nvidia for potential growth in AI and cloud computing

From Nasdaq: 2024-12-12 05:15:00

Investors looking for opportunities in the technology sector should consider Artificial Intelligence (AI) and cloud computing. Advanced Micro Devices (AMD) and Nvidia are key players in this space, with AMD’s revenue growing 18% year over year in Q3. AMD’s stock has returned 237% in the last five years and could potentially double by 2030.

Alphabet’s Google, a dominant player in the digital-advertising market, has seen its stock double in the last five years. With strong momentum in search and Google Cloud, Alphabet is poised for growth. Despite an antitrust ruling, Alphabet’s competitive moat remains strong, making it a promising investment for the long term.



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