Artificial intelligence (AI) is a major opportunity for businesses, driving massive investments across the tech supply chain. Two AI enablers valued under $500 billion show potential for growth amid increasing competition in the sector.

Palantir (NASDAQ: PLTR) transitions from government to private sector demand, offering cost-saving AI solutions. Its U.S. commercial revenue nearly doubled year-over-year, signaling significant growth potential and a competitive edge in the market.

Palantir’s robust growth in earnings and free cash flow, driven by high margins, positions it for long-term success. Analysts predict the stock could reach a $1 trillion market cap in the next three years, making it one of the most valuable companies globally.

Advanced Micro Devices (NASDAQ: AMD) secures a deal with OpenAI for six gigawatts of chips, boosting its position in the AI chip market. The deal validates AMD’s GPUs and is expected to accelerate its data center business, potentially leading to a $1 trillion market cap by 2030.

OpenAI’s growing demand for AMD’s GPUs highlights the company’s potential for revenue and earnings growth. With a market cap of $350 billion, AMD aims to capitalize on the AI market’s expansion, offering investors significant returns in the coming years.

Read more at Yahoo Finance: Global AI Competition Could Create Trillion-Dollar Winners