Why the Nasdaq's Artificial Intelligence (AI) Rally Could Be Just Getting Started: 2 Best Growth Stocks to Buy
The Nasdaq Composite index is leading the market's upward charge, driven by artificial intelligence (AI) stocks. Alphabet and Amazon are well-positioned to be huge AI winners due to their investments in AI infrastructure and custom chips.
The Nasdaq Composite index is surging, driven by artificial intelligence (AI) stocks. The 'Great Rotation' out of growth and AI stocks was short-lived. Alphabet and Amazon are poised to benefit from AI growth. Alphabet's custom Tensor Processing Units (TPUs) give it a cost advantage in AI model training and inference workloads. Its AI foundational model, Gemini, is gaining share. Amazon's custom chips, including Trainium and Graviton, are a $20 billion run-rate business and expected to help with agentic AI. Both companies are leaders in cloud computing and have a strong position in AI infrastructure.
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