Top 3 Millionaire Maker Best Artificial Intelligence Stocks

For a long time, science fiction stories were more likely to contain artificial intelligence (AI) than the news of the day. All of that has altered now. The world is looking more and more to AI to help with our most difficult issues. As a result, businesses are scrambling to create increasingly advanced AI-powered products. Now let’s examine 3 best artificial intelligence stocks that could make you a fortune.

Best Artificial Intelligence Stocks:

1. Advanced Micro Devices
2. Palantir Technologies
3. Microsoft

Best Artificial Intelligence Stocks:

Advanced Micro Devices

One of the top semiconductor companies in the world is Advanced Micro Devices (NASDAQ: AMD). With the launch of its new MI300 series of chips, AMD, a company well-known for creating semiconductors for PCs, gaming consoles, and servers, is directly opposing Nvidia’s hegemony in the AI chip industry.

It remains to be seen if AMD can overtake Nvidia in terms of market share, but both firms have a lot of space in the lucrative artificial intelligence industry. In fact, AMD CEO Lisa Su acknowledged as much in an interview conducted last month, stating: “There will be multiple winners in this market… customer demand is very high.” We are still collaborating with our clients to deploy as soon as we can.

Expectations are also increasing. Analysts now predict that AMD’s revenue will increase by 17% to an all-time high of $26.4 billion this year. Additionally, a 42% increase in earnings per share (EPS) to $3.75 per share is anticipated.

Palantir Technologies

Big data analytics is being led by Denver-based software business Palantir Technologies (NYSE: PLTR). Palantir provides its services to data-rich organizations. And there are a growing number of them organizations in the modern world.

In fact, Palantir’s clientele includes a large number of governmental bodies, medical facilities, banks, pharmaceutical firms, and academic organizations.

The business helps customers go through data, find patterns, and identify trends by utilizing artificial intelligence. About half of the company’s revenue comes from government contracts, which is appropriately secret, while the other half comes from commercial business. Creating dynamic timetables for workers in hospitals and improving operational efficiency for transportation businesses are two examples.

Over the past 12 months, Palantir has generated $2.1 billion in sales, with quarterly revenue rising by 17% year over year. Additionally, economists predict that in 2024, sales will increase. Palantir is expected to generate $2.7 billion in sales this year, a 20% increase over last year.

However, not every investor should use Palantir. Although the company is profitable, value-conscious investors will not be able to afford it due to its high valuation (shares trade at a price-to-earnings multiple of over 200) and the fact that it does not pay a dividend, which turns away those looking for returns on their investments.

Palantir, however, is a stock worth taking into consideration for investors searching for a growth stock with strong fundamentals and a long development runway ahead of it.

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Microsoft

The final firm on my list of AI millionaire-maker stocks is Microsoft (NASDAQ: MSFT). The business, which is now tied with Apple for the title of largest firm in the world based on market capitalization, might gain the most from the AI revolution of any other company.

Firstly, the company and ChatGPT creator OpenAI have been even more closely aligned in the weeks following Sam Altman, the CEO of OpenAI,’s firing and subsequent rehire. According to sources, Microsoft Vice President Dee Templeton will join the OpenAI board of directors as a new “observing” member.

Put differently, Microsoft’s sway over OpenAI is growing, and this puts the firm in a great position to profit economically from any more AI discoveries that OpenAI may produce.

Second, because of its size and scope, Microsoft is able to swiftly integrate new generative AI features into its popular applications. Numerous AI technologies were already included in Microsoft’s Office suite and, increasingly, in its Bing search engine. Microsoft is expected to release even more astounding generative artificial intelligence tools in the upcoming years. Microsoft continues to be a dominant force in business for all of those reasons, in addition to additional non-AI ones.

Granted, there are now some worries over Microsoft. The most important of these is the share price. The company’s high valuation may turn off some investors because shares are trading far above the average price-to-sales ratio for the firm over the long run.

However, any time is a fantastic moment to purchase a terrific firm if you are a truly long-term investor, who is probably averaging your costs. And I have no doubt that Microsoft is precisely that.