Nvidia’s stock is soaring after receiving approval to resume chip sales in China, unlocking billions in quarterly revenue. Analysts predict a 53% revenue increase for the year, with the H20 chip generating $4.6 billion in revenue in Q1 alone. The company’s China business could see significant growth in the near future.

Microsoft is also experiencing a surge in stock value due to strong demand for AI services in its enterprise cloud business. Azure revenue grew 33% last quarter, with 16 percentage points attributed to AI services. Analysts project continued growth, with revenue expected to reach $279 billion by fiscal 2025, growing at a rate of 13% annually.

Both Nvidia and Microsoft are poised for long-term success, with Nvidia projected to capture a large portion of the $1 trillion annual data center spending by fiscal 2030. Microsoft’s AI investments and software leadership position it for substantial growth, doubling its stock value by 2029. Investors are advised to consider these high-flying tech stocks for long-term growth potential.

Read more at Yahoo Finance: These Stocks Are Skyrocketing and Are Still Solid Long-Term Buys