Got $5,000? 2 Growth Stocks Building the Software Backbone of the AI Revolution
Amazon and Palantir will both profit from the AI market's breakneck expansion.
Overview
The artificial intelligence (AI) market is expanding rapidly as more companies use its applications to accelerate, automate, and optimize their operations. According to Grand View Research, the AI market could still expand at a 30.6% CAGR from 2026 to 2033 -- so it isn't too late to jump aboard the bandwagon and buy the top AI stocks.
However, many growth-oriented investors tend to focus on AI chipmakers -- most notably Nvidia -- rather than the companies building the software that supports the market's breakneck expansion. So today, let's focus on two high-growth AI software plays -- Amazon (NASDAQ: AMZN) and Palantir (NASDAQ: PLTR) -- that could easily turn a $5,000 investment into much more over the next few years as the AI market expands.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.