Investing in AI stocks like AMD and Amazon is crucial for long-term growth.
From Nasdaq: 2025-01-09 04:55:00
Artificial intelligence (AI) is a game-changing technology with immense potential to boost global productivity and the economy. Investing in companies that can effectively monetize AI is crucial for long-term growth. Two promising companies with strong earnings growth prospects are making waves in the AI sector.
Advanced Micro Devices (AMD) is experiencing remarkable sales growth due to its advanced processors in high-performance computing markets. Revenue from data center business surged 122% year over year in Q3, surpassing Intel in data center revenue. AMD’s latest innovations, like fifth-generation Turin EPYC CPUs, are set to revolutionize AI and cloud computing.
Amazon (AMZN) is a dominant player in cloud services through Amazon Web Services (AWS), benefiting from the rising demand for AI services. AWS’s revenue growth, reaching $103 billion in trailing-12-month revenue, showcases its market dominance. Amazon’s strategic investments in AI capabilities across its businesses make it a solid growth stock in the AI era.
Investors should consider seizing the opportunity to invest in AI-driven companies like AMD and Amazon before it’s too late. Analysts project significant earnings growth for both companies, with AMD trading at an attractive valuation and Amazon expecting to double investors’ money in the next five years. Don’t miss out on this chance to capitalize on the AI revolution and potentially lucrative investment opportunities.
Read more at Nasdaq: 2 No-Brainer AI Stocks to Buy Right Now
