Intel and Amazon Poised to Profit from Booming AI Market

The AI market is projected to expand rapidly, reaching nearly $2 trillion by 2030. Intel and Amazon are making big investments in AI and could benefit greatly.

Intel is shifting its business model and developing new AI chips to compete with rivals like Nvidia. Earnings projections suggest its stock price could double by 2026.

Amazon Web Services launched new AI services in 2023 and powers over half of Amazon's profits. Earnings estimates indicate its stock could rise 67% by 2026.

Amazon is using AI to improve its retail offerings, including a new shopping assistant called Rufus.

Both Intel and Amazon seem undervalued right now considering their big bets on AI, presenting a long-term investing opportunity.