Key Points
Investors are increasingly focused on artificial intelligence (AI), which is projected to propel the market into the trillions in upcoming years. Companies leveraging AI have reported significant revenue growth, contributing to overall gains in the S&P 500.
Nvidia (NASDAQ: NVDA), a leader in AI chips, has seen substantial increases in revenue and net income, thanks to its innovative products tailored for AI tasks. The company recently expanded into new technology sectors, positioning itself for future growth.
Amazon (NASDAQ: AMZN) utilizes AI across its e-commerce and cloud computing operations. The company’s cloud division, Amazon Web Services (AWS), boasts an annual revenue run rate of $132 billion, further solidifying its growth in the AI landscape. Both stocks are viewed as promising picks for investors amidst this AI boom.
