2024-06-23 05:20:00 ET
If you have some extra cash to invest in the stock market, now could be a great time to put some money to work. The S&P 500 index has returned 42% since bottoming out in 2022. The average duration of a new bull market is about five years, so buying shares of quality growth stocks could deliver sizable returns over the next few years.
Companies involved in the development of artificial intelligence (AI) , including leading semiconductor companies supplying computing hardware for training AI models, are ripe for the picking. Here are two leaders in this burgeoning opportunity that could substantially grow your savings in the coming years.
Advanced Micro Devices (NASDAQ: AMD) has become a popular option for investors interested in semiconductor stocks, but the company has been performing at a high level for most of the last 10 years. Its continued innovation and focus on serving the booming data center market make it a no-brainer stock to buy today.
For further details see:
2 No-Brainer Stocks to Buy Right Now for Less Than $1,000