Investing in AI: Key Stocks for 2023
Investors looking to enter the AI market should consider five key stocks that are poised for significant growth. Nvidia (NASDAQ: NVDA) leads the pack with a projected $1 trillion in lifetime sales from its GPUs by 2027, following a 73% revenue growth in its latest quarter and an expected 77% growth next quarter.
Broadcom (NASDAQ: AVGO) is also a strong contender, anticipating $100 billion in sales from its custom AI chips by 2027, up from $8.4 billion in Q1 2026. Taiwan Semiconductor Manufacturing (NYSE: TSM), the world’s largest chip foundry, benefits from rising AI spending, while Microsoft (NASDAQ: MSFT) expects robust growth in its Azure platform, with a 39% revenue increase in its latest quarter. Lastly, Nebius (NASDAQ: NBIS), a smaller player, projects growth from $1.25 billion in 2025 to an annual run rate of $7 billion to $9 billion by the end of 2026.
