AMD and Amazon Positioned to Outpace Microsoft in AI Growth
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Interest in AI has skyrocketed since ChatGPT launched, with the market projected to expand rapidly. This has driven tech stocks like Microsoft higher.
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However, AMD and Amazon could have more growth potential than Microsoft in AI over the next 2 years based on forward P/E ratio analysis.
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AMD is gearing up to challenge Nvidia in AI chips and capitalize on demand for AI-powered PCs.
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Amazon is expanding its AWS cloud platform with new AI capabilities and tools to better serve customers.
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Both AMD and Amazon have strong growth prospects and financial positions to keep investing in AI, making their stocks compelling buys.