2024-08-02 05:50:00 ET
You don't have to have your head in the cloud when it comes to investing in artificial intelligence (AI). Sure, cloud service providers like Google parent Alphabet , Amazon , and Microsoft could deliver strong growth. So can these companies' go-to provider of AI chips -- Nvidia .
But if you want to profit from the AI boom, there's another stock to consider: Meta Platforms (NASDAQ: META) . The company's recent second-quarter update underscored why Meta is poised to be a huge AI winner.
With Meta, AI isn't a technology that investors hope might pay off sometime down the road. The company is already making a lot of money thanks to AI.
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Want to Profit From the Artificial Intelligence (AI) Boom? Buy Meta Platforms Stock.