Investors looking for exposure to artificial intelligence (AI) should consider stocks such as Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Amazon (NASDAQ: AMZN). Nvidia’s valuation exceeds $3 trillion, with a recent revenue report showing net income at $18.8 billion for the quarter ending April 27, despite a $4.5 billion hit from U.S. export restrictions. Microsoft reported a 13% revenue growth, totaling $70.1 billion, while profits reached $25.8 billion for the quarter ending March 31. Amazon’s net sales for the first three months of the year increased by 10%, totaling $155.7 billion.
Nvidia’s stock is up 6% so far in 2023, while Microsoft is relatively less exposed to the AI market, focusing on its Copilot software. Amazon continues to diversify its operations with investments in AI data centers and chatbots, alongside its significant cloud business, Amazon Web Services, which generated $11.5 billion in operating profit last quarter.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
