Growing AI sector offers growth opportunities with risks of competition and technological evolution.

From Nasdaq: 2024-09-13 09:23:30

The AI sector in the stock market is growing, with companies developing intelligent machines. AI stocks represent ownership in firms heavily invested in AI technologies, offering potential for industry revolution and productivity enhancements. Investing in AI stocks can provide growth opportunities, but risks include intense competition and technological evolution.

NVIDIA Corporation (NVDA) is a tech company known for GPUs used in AI, data centers, and more. Recent financial results show earnings surpassing estimates and revenue growth of 122.40%. NVDA stock has risen by 2.58% in the last month, trading at around $118.91 per share.

Alphabet Inc. (GOOGL) is Google’s parent company, offering diverse internet services. Q2 2024 earnings beats estimates with revenue of $84.74 billion, up 13.59% year-over-year. GOOGL stock has declined by 5.77% in the last month, but during premarket trading it is up by 0.78% at $155.90.



Read more at Nasdaq: 2 AI Stocks To Watch In September 2024