GOOGL - Better Artificial Intelligence Stock: Amazon vs. Alphabet
2024-06-10 10:07:00 ET
Artificial intelligence (AI) has captivated the tech world over the last year, with many companies pivoting their businesses toward the budding sector. According to Grand View Research, the AI market is expected to expand at a compound annual growth rate of 37% through 2030, which would see it hit a valuation nearing $2 trillion.
The generative technology can potentially boost a range of industries, from cloud computing to autonomous vehicles, e-commerce, productivity software, and much more. AI's growth potential suggests it's not too late to invest long-term in the industry and benefit from its future development.
As leading cloud companies, Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are two attractive options. These tech giants are investing heavily in AI and could have much to offer investors in the coming years. So, let's take a closer look at both and determine which is the better option today.
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Better Artificial Intelligence Stock: Amazon vs. Alphabet