Reported about 1 year ago
The demand for artificial intelligence (AI) is growing rapidly, with AI projected to contribute $15.7 trillion to the global economy by 2030. AI spending is expected to increase from $135 billion last year to $827 billion by 2030. Investing in companies like Advanced Micro Devices (AMD) and Palantir Technologies (PLTR) is recommended as they focus on different aspects of the AI market, such as hardware and software, respectively, to benefit from the industry's growth. AMD is competing in the AI chip market with potential for significant market share growth and revenue increase, while Palantir is capitalizing on the rising need for AI software, showing robust growth and future potential.
Source: YAHOO