Better Artificial Intelligence (AI) Stock for 2024: Nvidia vs. Microsoft
Interest in artificial intelligence (AI) has skyrocketed this year, prompted by the launch of OpenAI's ChatGPT in November 2022.
This technology has the potential to improve countless industries, from cloud computing to productivity software, healthcare, education, and more. As a result, the AI market is projected to expand at a compound annual growth rate of 37% through 2030, exceeding $1 trillion before the decade's end (per Grand View Research).
Companies across tech have pivoted their businesses to the budding industry, creating several attractive ways to invest in the sector. Nvidia (NASDAQ: NVDA) and (NASDAQ: MSFT) are two attractive options, with both companies holding powerful positions in AI. These companies could see considerable gains from the market in the new year, making their stocks attractive options as 2023 comes to a close.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 100 Buy predictions and 2 Sell predictions.
With a target price of 404 € there is a slightly positive potential of 7.03% for Microsoft Corp. compared to the current price of 377.45 €.
