**Key Points:**
Artificial intelligence (AI) stocks have driven a 78% increase in the S&P 500 over the past three years. However, early 2023 saw a shift as investors moved to safer sectors like pharmaceuticals and consumer staples due to concerns over geopolitical issues and long-term AI revenue potential.
Recently, there has been a resurgence in AI stock interest as corporate earnings indicate strong demand for AI products. Notably, Meta Platforms and Microsoft have been highlighted as key players in this return to AI. Meta, which owns popular platforms such as Facebook and Instagram, trades at 18x forward earnings, while Microsoft, capitalizing on AI in its software and cloud services, trades at 24x forward earnings.
5 Stocks Our Experts Predict Could Double In the Next Year
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