Artificial intelligence (AI) stocks are currently hot commodities in the market, with their valuations skyrocketing this year. It is predicted that six major AI stocks will be worth a combined $20 trillion or more by 2030. These six AI giants include Amazon, Alphabet, Microsoft, Nvidia, Apple, and Meta Platforms. Each of these companies has focused on AI and related technologies with Microsoft and Amazon being cloud service providers. Nvidia supplies graphics processing units to power AI apps while Meta is open-sourcing its AI technology. Although Apple may seem to be lagging in AI advancement, it is carefully integrating the technology into its products. Despite the promise of a prosperous future, the rise of these companies is subject to risks such as an economic downturn. Over-optimism in the industry may also bloat the company’s worth, leading to a possible decrease in stock value. However, the continued growth of AI and related technologies promises immense growth opportunities for these companies.
Amazon is a multinational technology company that specializes in e-commerce, cloud computing, and artificial intelligence. It is one of the largest e-commerce platforms, making it a force to reckon with in the retail industry. Amazon’s digital assistant, Alexa, uses artificial intelligence to power its speech recognition, and natural language processing engines have become the cornerstone of smart homes.
Mark Zuckerberg is the CEO of Meta Platforms, formerly known as Facebook. He is an entrepreneur, programmer, and philanthropist who co-founded Facebook in 2004 while he was still a student at Harvard. Zuckerberg is also known for his ambitious goals of developing artificial intelligence and virtual reality technologies. As CEO of Meta Platforms, he has spearheaded the development of advanced AI technologies for the company’s platforms.
