2 Millionaire-Maker Artificial Intelligence (AI) Stocks
The artificial intelligence (AI) train shows no signs of slowing down. Spending on the category is expected to grow 5x over the next five years, according to a recent report from Grand View Research. That increased AI spending has been and will continue to be a boon for the cloud computing giants. That's because start-ups like OpenAI and Anthropic perform AI model training and run inference for consumer usage through cloud computing systems. And huge capital expenditures on data centers should help growth continue at this blistering pace in 2025.
But who are the cloud computing giants benefiting from this AI surge? Two of them happen to be well-known for other reasons and have a history of being millionaire-maker stocks. Here's why (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) can continue to be millionaire-maker stocks going forward with the help of AI and the cloud.
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Source Fool.com
Alphabet Inc. A Stock
With 147 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 299 € there is a slightly positive potential of 19.84% for Alphabet Inc. A compared to the current price of 249.5 €.
