Key technology stocks in AI, cloud computing, and e-commerce, such as Intel and Amazon, show promise.

From Nasdaq: 2024-06-19 10:07:00

Investing mogul Warren Buffett’s Berkshire Hathaway has 40% of its portfolio in the tech market, outperforming the S&P 500 with an 18% CAGR. AI, cloud computing, and e-commerce are key areas for growth, with the AI market expected to hit nearly $2 trillion by 2030.

Intel, once a CPU leader, faces challenges from the GPU market boom. The company is focused on AI, unveiling new processors and accelerators to compete with Nvidia. Intel’s expansion into chip manufacturing for competitors could secure a profitable position in AI, making it a potential millionaire-maker stock.

Amazon had a stellar year, showing strong growth in stock price, revenue, and cash flow. The company’s e-commerce business rebounded in 2023, driving impressive revenue growth and profitability in Q1 2024. Additionally, Amazon’s cloud platform AWS is a leader in AI, making the stock a promising investment for potential millionaire status.



Read more at Nasdaq: 2 Millionaire-Maker Technology Stocks to Consider in June