Nvidia Leads AI Market Growth
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AI chip marketThe Motley Fool
•Technology
Technology
3 No-Brainer Artificial Intelligence Stocks to Buy Right Now
71% Informative
Artificial intelligence ( AI ) is driving real-world progress and generating billions of dollars in sales for top companies.
According to Statista , the AI market is expected to increase at a rate of 26.6% annually through 2031 , reaching more than $1 trillion .
Nvidia is the leader in its industry, which is semiconductors, or the chips that drive most of today 's technology.
Amazon is building a comprehensive platform for AI app development.
Amazon stock trades at 30 times forward 1-year earnings, and it's a great value.
Amazon is poised to benefit from this shift over to the cloud, to the tune of hundreds of billions of dollars .
Consider when Netflix made this list on December 17, 2004 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 713,547 !.
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