- Artificial intelligence (AI) is revolutionizing industries by offering faster and cheaper product development. Key players with over $1 trillion market caps are leading the charge. However, two AI enablers valued under $500 billion show potential for growth due to increasing competition in the AI sector.
- Palantir Technologies (NASDAQ: PLTR) started as a government contractor but is now seeing high demand in the private sector. Its U.S. commercial revenue nearly doubled year over year, with total contract-value bookings of $2.3 billion and a 140% increase. Analysts predict a $1 trillion market cap in the next three years.
- Advanced Micro Devices (NASDAQ: AMD) benefits from increasing competition in AI, with a deal to deploy six gigawatts of chips for OpenAI. AMD’s GPUs are well-suited for small-to-medium-sized AI tasks, and analysts expect revenue to grow by 28% in 2025 and 26% in 2026. The company has a good chance to reach a $1 trillion market cap by 2030.
Read more at Nasdaq: Prediction: Global AI Competition Could Create Trillion-Dollar Winners