2 AI Stocks to Invest in Now that Have the Potential to Make you a Millionaire

When it comes to investing, the world of artificial intelligence (AI) is opening up new opportunities for savvy investors. As Salesforce CEO, Marc Benioff, aptly put it, "We’ve seen a lot of exciting waves of technology in our industry — the cloud, social, mobile — but this AI wave is going to be the biggest that anyone has ever seen."

At Extreme Investor Network, we believe that staying ahead of the curve in AI investments is crucial. That’s why we’ve identified two AI leaders who are well-positioned to deliver significant gains to their shareholders in the coming years.

  1. Palantir Technologies (NYSE: PLTR)

While generative AI model makers like OpenAI get a lot of attention, the real winners in the AI space are the analytics experts who help companies leverage their data effectively. Palantir Technologies is one such company, providing elite machine-learning technology and a game-changing AI platform.

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Palantir’s AI operating system recently won a contract worth $153 million from the Department of Defense, with potential additional awards totaling up to $480 million. This technology enables commanders to make critical decisions at an unprecedented scale. Beyond government contracts, private companies like Tampa General Hospital are also benefiting from Palantir’s AI platform, resulting in tangible improvements in patient care.

Despite its impressive performance and profitability, Palantir has a relatively small customer base, leaving ample room for growth. Analysts project that Palantir’s profits could grow by over 85% annually in the next few years.

  1. Advanced Micro Devices (NASDAQ: AMD)

While Nvidia dominates the AI semiconductor space, Advanced Micro Devices is emerging as a formidable competitor. With plans to grow its data center chip revenue to around $4 billion by 2024, AMD is poised to capture a significant share of the AI market.

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AMD’s CEO, Lisa Su, anticipates a surge in demand for AI-accelerating chips, projecting a $400 billion market by 2027. Major players like Microsoft, Meta Platforms, and Oracle are already considering AMD’s AI accelerators for their data centers. Additionally, AMD’s high-performance processors are powering AI-enabled PCs from companies like HP and Dell.

With a strong foothold in the data center and AI PC markets, AMD is expected to see significant earnings growth in the coming years. Investing in AMD now could position you to benefit from the company’s expansion in the AI industry.

At Extreme Investor Network, we understand the potential of AI investments and are committed to helping our readers make informed decisions. Stay tuned for more insights into the world of finance and technology that could lead you to financial success.