From Nasdaq: 2024-06-02 05:11:00

Investors are questioning if the hype around AI is justified, but based on the success of AI leaders like Microsoft, Apple, Nvidia, Alphabet, and Amazon, it seems likely. These companies are investing heavily in AI and it’s reflected in their market caps. With a combined market cap of $12.7 trillion, AI stocks could double to reach $25 trillion by 2030. Microsoft’s partnership with OpenAI has been a significant factor in its rise to the top spot based on market cap. Apple, on the other hand, has lagged behind due to slowing growth and competition in the smartphone market. Nvidia is shining bright in the AI space with its GPUs in high demand and a soaring stock price. Alphabet and Amazon have also actively rolled out generative AI products to drive their stock higher. To reach the $25 trillion mark by 2030, organizations must rapidly migrate to the cloud, AI technology must continue to advance, and edge AI needs to become a huge new market. While there are potential risks like economic downturns or AI not delivering expected ROI, there’s also the possibility of pleasant surprises like major breakthroughs in AI. Investing in AI stocks like Microsoft could lead to significant returns, as seen with Nvidia’s past performance.



Read more at Nasdaq: Prediction: These 5 Artificial Intelligence (AI) Stocks Will Be Worth a Combined $25 Trillion by 2030