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Core News Facts
Investments in artificial intelligence (AI) continue to thrive, with significant growth potential anticipated in the market. Companies like Alphabet (NASDAQ: GOOG, GOOGL), Amazon (NASDAQ: AMZN), and Taiwan Semiconductor (NYSE: TSM) are highlighted as strong contenders for long-term investments based on their performance and market positioning.
Alphabet’s revenue rose 12% year-over-year in Q2, maintaining an 89.6% market share in search, despite emerging AI concerns. Amazon’s AWS generated over $10 billion in operating profits, constituting 53% of overall profits for Q2 2023. Taiwan Semiconductor reported a 44% revenue increase in Q2, with expectations for AI-related revenue growth at a 45% compound annual growth rate over the next five years.
These companies are positioned to capitalize on the ongoing AI arms race, signaling a promising outlook for investors looking to hold for three to five years.
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