"Top AI Stocks Poised for 2024 Surge with Stock Splits"

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Source: The Motley Fool
"Top AI Stocks Poised for 2024 Surge with Stock Splits"
Photo: The Motley Fool
TL;DR Summary

In 2024, two AI companies, Amazon and Alphabet, are expected to see their stocks rise due to their involvement in cloud computing. Amazon's cloud computing offering, Amazon Web Services (AWS), has the largest market share but has been losing ground to competitors. However, with new AI workloads coming online and the potential for significant growth, AWS is poised for a strong 2024. Similarly, Alphabet's Google Cloud, while not as profitable as AWS, is experiencing growth and is highly leveraged to AI workloads. With other AI investments in its portfolio, Alphabet is also set up for a strong 2024, making it a promising candidate for stock market success.

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