Stocks

2 AI Stocks Set for Post-Sell-Off Growth

Published August 21, 2024

In the dynamically changing landscape of the tech market, sell-offs can provide a strategic opportunity for long-term investments. Two artificial intelligence (AI) stocks, specifically, stand out as promising investment prospects: AMD and GOOG. Both companies have not only demonstrated notable growth due to their AI endeavors but also appear poised to continue their advancement in the coming years.

Advanced Micro Devices, Inc. AMD: A Semiconductors Powerhouse

AMD is a leading name in the field of semiconductors, known for its high-quality computer processors and related technologies that are cardinal to business and consumer markets. Notably, the company's portfolio encompasses an array of critical products such as microprocessors, motherboard chipsets, embedded processors, and graphics processors for a vast array of applications including servers, workstations, personal computers, and embedded systems. AMD's growth is intrinsically linked to the surge in demand for AI capabilities, and its products are integral to supporting the computational needs of AI algorithms.

Alphabet Inc. GOOG: Innovating Beyond Search

As the parent company of Google, Alphabet Inc. GOOG has consistently been at the forefront of technological innovation and is widely recognized as a global leader. The restructuring in 2015 solidified its status as a conglomerate, steering a range of subsidiaries from its core search engine business to ventures in various domains, including AI. Given the company's diverse portfolio and sustained R&D efforts, GOOG continues to advance in the AI space, which further asserts its potential for long-term investor growth.

investment, growth, potential