Advances in artificial intelligence (AI) have led Wall Street to grow increasingly bullish on the industry. And that optimism is not unfounded as the AI market is projected to expand at a compound annual growth rate of 37% through 2030 after hitting $137 billion in 2022.
As a result, it's not a bad idea to take a closer look at some of the companies moving the industry forward. Advanced Micro Devices (NASDAQ: AMD) and (NASDAQ: MSFT) are two particularly attractive investment options as both companies have made AI a larger focus of their businesses. One of these companies looks likely to play a significant role in the hardware side of the market, while the other has made considerable investments in AI software.
An argument can easily be made for investing in AMD or Microsoft. However, if you're only looking to add one new stock to your list of holdings, you'll need to know the better buy. So let's assess whether you're better off investing in AMD or Microsoft stock.
Source Fool.com