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Nvidia (NASDAQ: NVDA) is positioned as a major player in the AI sector, with its graphic processing units (GPUs) driving infrastructure for AI applications. The company has seen a surge in demand for its chips and is innovating rapidly, with a forward price-to-earnings (P/E) ratio under 30 based on 2025 estimates.
Alphabet (NASDAQ: GOOGL), despite a stock decline after Q2 results, reported a 29% revenue growth in its Google Cloud segment to $10.4 billion. Operating income rose from $395 million a year ago to $1.2 billion, and the company attributed its success to AI infrastructure strategies. Search revenue also grew by 14% last quarter.
Adobe (NASDAQ: ADBE) is also capitalizing on AI, integrating features into its products like Photoshop and Acrobat. The Document Cloud segment saw a 19% revenue increase to $782 million in fiscal Q2, driven by the introduction of an AI assistant. Adobe’s forward P/E is below 26 based on fiscal 2025 estimates.
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