2 Millionaire-Maker Artificial Intelligence (AI) Stocks

An AI Revolution: Unveiling the Potential of Artificial Intelligence (AI) Stocks

Goldman Sachs analyses reveal the tech sector’s meteoric rise, propelling the U.S. stock market for over a decade. Since 2010, it has contributed 40% of the equity markets’ gains, with tech stocks like Advanced Micro Devices showcasing monumental growth, turning $1,000 into over $23,000.

The future seems bright for AI, with estimates showing potential revenue surges. Bloomberg’s projections indicate AI’s revenue climbing to an estimated $1.3 trillion by 2032, up significantly from the current $137 billion. Investing in AI-focused companies might be the key to building a millionaire-maker portfolio.

Diving Into Potential Winners

1. Palantir Technologies

Palantir Technologies (NYSE: PLTR) stands as a frontrunner, assisting customers in implementing AI models. Through its Artificial Intelligence Platform (AIP), Palantir enables users to develop generative AI applications, integrate large language models, and deploy pre-built AI applications.

Palantir’s efforts have paid off, with a substantial 55% increase in commercial customer base and contract value, hitting $946 million in total contract value in the second quarter alone. AI significantly boosted the net retention rate by 114%, reflecting an increasing spend from existing customers.

The company’s future looks promising with an expected annual earnings growth rate of 57% over the next five years, positioning it well for sustained growth in the expanding global AI market.

2. Oracle

Oracle (NYSE: ORCL) is another key player in the AI landscape, providing cloud infrastructure for companies like Palantir to run their AI models. Seeking Oracle’s cloud services for training AI models has significantly driven growth, with an annualized revenue run rate of $8.6 billion and a 53% jump in remaining performance obligations (RPO).

Goldman Sachs projects massive opportunities for Oracle in infrastructure as a service, noting a potential revenue surge to $580 billion by 2030. With strong demand for its cloud infrastructure, Oracle is well-positioned for substantial revenue growth, following a 6% increase to $53 billion in the previous fiscal year.

Seizing a Second Chance in the Investment Arena

Have you ever been plagued by a sense of missing out on the ship of the most prosperous stocks? If so, the rhythms of this revelation may be music to your ears.

Exploring the Realm of “Double Down” Recommendations

Every so often, our team of seasoned analysts offers a resounding “Double Down” endorsement for companies poised to burst onto the scene. If you fear that you’ve squandered your chance to invest, now stands as the optimal moment to dive in prior to it being too late. And the financial tales tell their own stories:

Amazon: had you dedicated $1,000 towards our endorsement in 2010, you’d be reveling in $21,121!*
Apple: if you had sunk $1,000 into our selection in 2008, you’d be flaunting $43,917!*
Netflix: throwing $1,000 at our spotlight in 2004 would grant you $370,844!*

At present, we are issuing “Double Down” notifications for three extraordinary corporations, and an opportunity akin to this may not grace us again in the foreseeable future.

Discover 3 “Double Down” Stocks Now »

*Stock Advisor returns as of October 14, 2024