The artificial intelligence (AI) market exploded last year, becoming one of the fastest-growing industries. Data from Grand View Research shows the AI market is projected to expand at a compound annual growth rate of 37% through 2030, which would see it exceed a value of $1 trillion before the end of the decade.

So it's no surprise that companies worldwide have restructured their businesses to focus on the budding sector, presenting a variety of investment opportunities. Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry.

So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market.

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Source Fool.com