Top AI Growth Stocks on Nasdaq for 2024: Buy Now Before Soaring Higher
Saturday, 6 April 2024, 07:45
Top AI Stocks to Consider:
Amazon:
Amazon (NASDAQ: AMZN) is utilizing AI to enhance its e-commerce operations and offer AI products via its AWS unit, leading to potential cost reductions and revenue growth.
- AWS caters to various AI needs, offering customizable large language models for clients.
- Trading at 43 times forward earnings estimates, Amazon presents an appealing growth stock option with a solid AI strategy.
Intel:
Intel (NASDAQ: INTC) is ramping up its AI efforts with new products like the Intel Core Ultra mobile processor family and an AI accelerator, positioning itself for growth in the AI market currently valued at over $1 trillion.
- Intel's openness to external partnerships and plans to become a leading foundry by 2030 could drive significant growth.
- With shares trading at 29 times forward earnings estimates, Intel is seen as a strong investment opportunity with potential for double-digit growth in the coming years.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.