AI stocks, part of the Magnificent Seven tech stocks, are poised for growth in the coming years. The current bull market is in its third year, with history suggesting further advances. Analysts predict the AI market will reach trillions by the early 2030s. Meta Platforms and Alphabet are two AI stocks to watch.
Meta Platforms is the cheapest of the Magnificent Seven tech stocks, trading at 26x forward earnings estimates. The company is heavily invested in AI, with a large language model (LLM) called Llama transforming advertising revenue. With a strong financial position and a focus on AI, Meta Platforms could lead the next bull market.
Alphabet, like Meta, has a profitable business model built on advertising and cloud computing. The company’s LLM, Gemini, is another key asset in the AI market. With a stock price trading at 29x forward earnings estimates, Alphabet is well-positioned to benefit from the expanding AI market.
Investors should consider AI stocks like Meta Platforms and Alphabet for potential growth in the next bull market. These companies have strong positions in AI technology and are trading at attractive valuations. The AI market is expected to grow significantly in the coming years, making these stocks worth watching.
Read more at Yahoo Finance: These AI Stocks Could Lead the Next Bull Market and They Are Still Cheap
