Top 10 Must-Consider AI Stocks for Your Portfolio Today

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Key Points

  • Companies producing data center technology are experiencing significant growth, fueled by rising demand for artificial intelligence (AI).
  • Cloud computing providers benefit from this surge, as they cater to the expanding AI market.

In 2023, the AI sector is experiencing considerable momentum, with critical infrastructure developments underway. The companies identified in this context are positioned to capitalize on the booming AI industry, which remains in its early stages of growth.

Key Statistics and Company Highlights

  • Taiwan Semiconductor Manufacturing (NYSE: TSM): Expected to achieve a 45% compound annual growth rate for AI-related revenue from 2025.
  • Amazon Web Services (NASDAQ: AMZN): Represented 63% of Amazon’s operating profits in Q1, growing at a 17% pace.
  • Microsoft Azure (NASDAQ: MSFT): Reported a 33% growth rate in the latest quarter.

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