Forget AMD: Consider These 2 Millionaire-Maker Stocks Instead
From Nasdaq: 2024-05-19 06:20:00
Tech stocks have seen significant gains, with the Nasdaq-100 Technology Sector up 51% in the last year. Interest in AI has driven many stocks higher, including AMD, whose stock has climbed 61%. However, AMD’s stock is trading at 44 times its earnings, making Microsoft and Intel potentially better-valued options with promising positions in AI.
Intel has seen significant stock growth over the years, but recent struggles have caused its stock to rise only 20% over the last decade. The company is making strategic moves to regain momentum, including a shift in its manufacturing approach and heavy investments in AI. Intel’s first-quarter earnings indicate positive progress and potential future growth opportunities.
Microsoft has reached record stock highs, with a 35% rise in the last year. The company has made strong investments in AI, with initiatives like the $1 billion investment in OpenAI. Recent earnings show growth across multiple segments, with a focus on integrating AI into various products and services. Microsoft’s stock has the potential for further growth, making it a compelling option for investors.
Read more at Nasdaq: Forget AMD: Consider These 2 Millionaire-Maker Stocks Instead