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Investing in artificial intelligence (AI) stocks is becoming increasingly vital as the sector grows. Notable companies highlighted for investment include Nvidia, Advanced Micro Devices (AMD), Broadcom, and Taiwan Semiconductor Manufacturing Company (TSMC), each dominating different facets of AI technology.
Nvidia (NASDAQ: NVDA) leads the GPU market with a staggering 92% market share in Q1, primarily due to its CUDA software platform. Advanced Micro Devices (NASDAQ: AMD) is recognized for its CPUs and AI inference capabilities. Broadcom (NASDAQ: AVGO) is developing custom AI chips for clients like Alphabet, projecting a serviceable market worth $60-$90 billion by fiscal 2027. Lastly, TSMC (NYSE: TSM) is the primary manufacturer for many AI chip developers, showcasing strong demand and pricing power.
Other contenders include ASML (NASDAQ: ASML), which specializes in advanced chip manufacturing technology, Amazon (NASDAQ: AMZN), the leading cloud services provider, Alphabet (NASDAQ: GOOGL), which is seeing profitability growth in Google Cloud, and Meta Platforms (NASDAQ: META), employing AI in ad campaigns. Palantir Technologies (NASDAQ: PLTR) and Salesforce (NYSE: CRM) are also embracing AI to enhance their platforms. These companies represent key investment opportunities within the rapidly evolving AI landscape.
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