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AI Investment Landscape
As of now, there are 10 companies with a market capitalization exceeding $1 trillion, with all but one heavily invested in artificial intelligence (AI), highlighting the sector’s potential for substantial economic growth in the 21st century.
Palantir Technologies
Palantir Technologies (NASDAQ: PLTR) serves over 800 businesses, including the U.S. military, providing data analytics that enhances operational efficiency and profitability. In Q2, it reported a revenue growth of 48% year-over-year, reaching a net income margin of 33%. Notably, Palantir secured a $10 billion contract with the U.S. Army, positioning it for potential growth to a $1 trillion valuation.
Advanced Micro Devices
Advanced Micro Devices (NASDAQ: AMD), the second-largest supplier of graphics processing units (GPUs), is anticipating growing demand in the AI sector, with projections for its market cap to rise from $250 billion to $1 trillion. Its revenue from data center growth reached 14% year-over-year, and analysts forecast earnings growth at an annualized rate of 30% over the coming years, supported by new AI infrastructure projects in partnerships globally.
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