From Nasdaq:

The world is turning to AI to solve complex problems, making it a lucrative field in the corporate world. This has led to a race to build better and more fantastic AI-powered tools.

Advanced Micro Devices (NASDAQ: AMD) has introduced its new MI300 series of chips to challenge Nvidia’s dominance in the AI chip market. Revenue is expected to reach an all-time high of $26.4 billion, with EPS soaring to $3.75 per share, up 42%.

Palantir Technologies (NYSE: PLTR) is at the forefront of big data analytics, helping organizations sift through data, look for trends, and spot patterns using AI. It has recorded $2.1 billion in revenue over the last 12 months, with sales expected to rise to $2.7 billion in 2024.

Microsoft (NASDAQ: MSFT) is benefiting from the AI revolution through its partnership with OpenAI and plans to deploy new generative AI features into its software. Microsoft also continues to grow stronger with analysts projecting massive returns in the future.

Microsoft (NASDAQ: MSFT) may turn out to be the top beneficiary of the company’s close partnership with OpenAI and has already incorporated many AI features into its software. The company’s generative AI tools will continue to grow, making Microsoft a corporate juggernaut.



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