In 2023, the artificial intelligence (AI) market exploded, leading businesses across a wide range of industries to enter the sector. At first, the rush of interest in AI seemed almost like a temporary trend that would eventually fade. However, multiple companies have begun seeing significant gains from AI, suggesting the technology boom is here to stay.

In fact, the AI market was worth just under $200 billion of total revenues last year, with the figure expected to hit close to $2 trillion by 2030. Spending in the industry is rising quickly, and it's not too late to invest.

Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) are two attractive options, with one leading the way in AI software services and the other taking on a crucial role in chips.

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Source Fool.com