Artificial intelligence (AI) is projected to reach a $1 trillion market by 2031 due to increasing investment in technology like autonomous systems and machine learning. Investing in industry leaders like Taiwan Semiconductor Manufacturing (TSM) and Oracle can lead to profits as demand for advanced chips and cloud services grows. TSM reported a 35% revenue increase in Q1, with earnings up 53%. Oracle’s cloud infrastructure revenue rose 52% in Q1, and it is part of the Stargate Project investing $500 billion in AI infrastructure. Analysts expect both companies to see strong revenue and earnings growth in the coming years.

Read more at Nasdaq: 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy in July