Got $1,000? 2 Growth Stocks Building the Software Backbone of Artificial Intelligence.
Microsoft and Alphabet are successfully adapting to the AI world.
Overview
Companies that provide infrastructure for artificial intelligence (AI) are getting a lot of attention right now because tech companies are expected to spend an estimated $1.3 trillion on AI infrastructure next year alone.
And while that's certainly fueling share price gains for some companies, the main driver of demand for such hardware is the advancement of AI software and models.
Details
Two growth stocks that are at the forefront of AI software are Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Here's why it's worth putting $1,000 toward these stocks right now.
Source
Originally published at www.fool.com.
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