From Nasdaq: 2024-06-23 12:14:00

Nvidia, Microsoft, and Apple are the top AI-fueled stocks with market caps nearing $4 trillion. Nvidia’s revenue skyrocketed in Q1 2024 by 262% to $26 billion, mainly driven by AI chip sales. Microsoft’s Azure use of OpenAI models boosts its cloud revenue, while Apple integrates generative AI into new iPhone features at WWDC. Apple may see a boost with iPhone 15 Pro’s AI capabilities, potentially leading to a $4 trillion market cap. Microsoft’s strong enterprise software position and Azure AI services make it a top contender for reaching $4 trillion first. While Nvidia’s short-term potential is high, its long-term outlook is uncertain due to customer concentration and increased competition in AI chip manufacturing. Investors looking for long-term growth opportunities may want to consider Microsoft over Nvidia and Apple.



Read more at Nasdaq: Nvidia, Microsoft, or Apple: Which Will Be the First to Reach a $4 Trillion Market Cap?