NVDA - 2 Millionaire-Maker Artificial Intelligence (AI) Stocks

2024-06-30 04:45:00 ET

Artificial intelligence (AI) turned out to be a hot investing trend over the past year and a half. This is due in large part to the huge amount of capital being poured into this niche. Thanks to AI, companies and governments will be able to derive the huge economic gains that this technology is expected to deliver in the long run.

PwC estimates that AI adoption can boost global productivity and contribute $15.7 trillion to the world economy by 2030. Companies driving the AI boom have seen their stock prices rise rapidly in the past 18 months.

For instance, an investment of $10,000 in shares of Nvidia (NASDAQ: NVDA) at the beginning of 2023 is now worth about $85,080. A similar investment in shares of Microsoft (NASDAQ: MSFT) is now worth roughly $18,920. Both these " Magnificent Seven" stocks play a pioneering role in the proliferation of AI, which is why they could become big winners over time.

Continue reading

For further details see: