From Nasdaq: 2024-05-04 07:43:07

Artificial intelligence (AI) market expected to surpass $1 trillion by 2030 due to double-digit growth rate. AI offers concrete examples of saving time and money, like streamlining processes and drug development. Consider investing in AI players early in high-growth story. Nvidia not only AI player to watch, Alphabet and Amazon also promising stocks in AI market.

Alphabet’s (NASDAQ: GOOG) investment in AI shows promise with increased search usage and higher user satisfaction. Google Cloud business revenue growing thanks to AI products and services. Clear paths to monetize AI investment through ads, cloud, and subscriptions. Now is a great time to consider investing in top tech stock.

Amazon (NASDAQ: AMZN) sees revenue gains from AI investments cutting costs and boosting partnerships. AWS, main profit driver, benefits from selling AI products and services with multibillion-dollar annualized revenue run rate. AWS CEO optimistic about AI’s long-term growth prospects. Consider stock as top AI investment for long-term gains.



Read more at Nasdaq: Ready to Invest in Artificial Intelligence in 2024? 2 Stocks to Buy and Hold for Decades (Hint: They’re Not Nvidia)