Ready to Invest in Artificial Intelligence (AI)? Two Stocks That Can Pay Off - Apple Latest
Home Customized

Ready to Invest in Artificial Intelligence (AI)? Two sure-fire money-makers.

These companies are currently investing in AI.

Everyone is talking about Artificial Intelligence (AI), which is probably one of the hottest areas of investment today. Why? Because the technology has the potential to transform many industries, saving companies time and money, and even leading to life-saving discoveries - such as better medicines and therapeutic equipment. Analysts predict the AI market will exceed $1 trillion by the end of this decade.

Just because many AI stocks have already risen in popularity doesn't mean you're missing out if you haven't invested in this exciting sector. The AI growth story is just getting started, which means the strongest companies still have a lot of room to grow. So if you're ready to invest in AI, take a look at these two solid long-term stocks.

921cc7fe9bcc141297c952ba242c5cc7
Photo courtesy of Getty Images : Getty Images.

1. Amazon

You might be interested inAmazon (NASDAQ: AMZN)The company is best known for its e-commerce business, but it's also making a big push into artificial intelligence. For example, it's using the technology to streamline its fulfillment centers and better serve its customers. But where Amazon is really going all in on AI is with its cloud computing business, Amazon Web Services (AWS).

"We are optimistic that much of this world-changing AI will be built on AWS," wrote Andy Jassy, Amazon's chief executive officer, in a recent shareholder letter. He also said that generative AI could be the biggest game-changing technology since the Internet.

Jassy said Amazon is "deeply investing" in the three noodles of AI-which, over time, will make AWS the go-to place for companies looking to jumpstart AI projects. These layers include the components of the base model, such as chips and software, the full breadth of services for customers looking to leverage the existing base model, and the applications powered by AI.

Since AWS is now the world's No. 1 cloud computing company, it is well positioned to sell these solutions to its customers and become an AI giant.

When you buy Amazon stock, you're not only getting exposure to high-growth areas, but you're also enjoying the security of a booming e-commerce and cloud-computing business that helped the company deliver double-digit revenue growth and more than $30 billion in net income last year. All of this makes Amazon stock, which trades at 44 times expected earnings, a great buy.

2. Meta-platform

If you use Facebook,Messenger,WhatsAppor Instagram, then MetaPlatforms (NASDAQ resonance stock code: META)Just another company that could become an important part of your daily life. The social media giant owns all four apps, and thanks to them, it generates billions of dollars in ad revenue every year. This is likely to continue, as there are two things that will keep users visiting Meta, which will keep advertisers visiting them.

First and foremost, Meta has a strong moat or competitive advantage in the social media space, which is its broad base of loyal users-which makes it very difficult for any of us to switch to other platforms. Even so, we may not be able to connect with all of our connections. Meta estimates that at least 3.1 billion people use one of its apps every day.

Now here's the second reason Meta is staying ahead of the curve. The company is focusing on artificial intelligence, making the technology its biggest investment this year. Chief Executive Officer Mark Zuckerberg said he aims to bring in about 600,000 GPUs this year to ensure the company has enough computing power for its projects.

Meta's plans include rolling out AI tools in its products and services to make them better and better for both leisure and professional use, and Meta, the developer of Llama's large-scale language model, is maintaining its software as open-source in order to make it an industry standard - another positive for the company. Considering this and Meta's track record of earnings growth, the company's stock, which trades at 26 times forward earnings estimates, looks like a bargain and a solid AI bet to buy or hold for the long term.

Don't miss this second chance at a potentially lucrative opportunity.

Do you ever feel like you're missing out on the opportunity to buy the most successful stocks? Then you'll want to hear this.

play-rounded-fill

On rare occasions, our expert team of analysts will recommend companies that they believe are poised for a major rally."Double Down" StocksIf you're worried that you're missing out on an investment opportunity, now is the time to buy before it's too late. If you're worried that you're missing out on an investment opportunity, now is the perfect time to buy before it's too late. The numbers speak for themselves:

  • Amazon:If you had invested 1,000 dollars in 2010 when the translation was falling, you would have been able to invest in the same amount.dollar(math.) genusYou will have $20,963.! * Apple: If you invested 1,000 in the translation of the fall in 2010, you will be able to get a lot of money.Dollars, you'll have $20,963.! ***.

  • Apple:If you had invested $1,000 when we doubled our investment in 2008, you would have beenWill have $33,315! * Netflix: If you had invested $1,000 when we doubled our investment in 2008, you would have beenOwned by 30.000 dollars

  • Netflix:If you invested $1,000 in 2004 when we doubled our investment, you wouldWill have 335,887 Dollars! *Netflix:If you had invested $1,000 when we doubled our investment in 2004, you would have had335,887 dollar

Right now, we're issuing "double dip" alerts for three incredible companies, and an opportunity like this may not come again anytime soon.

View 3 Only "Double Down" Stocks

*Stock Advisor's Circular as of April 8, 2024

John Mackey, former Chief Executive Officer of Whole Foods Market, an Amazon subsidiary, is a member of the Board of Directors of The Motley Fool. Randi Zuckerberg, former Facebook Marketplace Director of Mass Development and Spokeswoman, and sister of Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's Board of Directors. Adria Cimino owns shares of Amazon.com, and The Motley Fool owns shares of Amazon and Meta Platforms. The Motley Fool owns shares of Amazon and Meta Platforms, and recommends Amazon and Meta Platforms to her family.

Ready to invest in artificial intelligence (AI)? Two stocks are solid choices.

Leave a Reply

en_USEnglish