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June 30, 2024, 12:45 a.m.
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Brief news summary

Nvidia and Microsoft are leading the way in artificial intelligence (AI), a rapidly growing field with enormous potential for global productivity and economic gain. Nvidia's AI chips have fueled its stock price surge, thanks to high demand for their products and the company's market dominance and continuous innovation. Meanwhile, Microsoft is driving its growth through various AI solutions, especially in its cloud business. The popularity of its Azure OpenAI service is on the rise, as more customers rely on it to power their AI applications. As the global market for cloud AI and overall cloud computing expands, Microsoft stands to benefit significantly. Analysts anticipate strong growth for both companies, making Nvidia and Microsoft attractive investments for those looking to capitalize on the AI boom and build a solid portfolio.

These two major tech companies, Nvidia and Microsoft, are leading the way in the field of artificial intelligence (AI). The increasing investment in AI has made it a popular trend, with the potential for significant economic gains in the future. PwC estimates that global productivity could be boosted by AI adoption, contributing $15. 7 trillion to the world economy by 2030. Both Nvidia and Microsoft have seen their stock prices rise rapidly as they play a crucial role in advancing AI technology. Potential investors looking to build a valuable portfolio should consider adding these tech giants due to their dominance in the AI market and their potential for future growth.

Nvidia's strong position in the AI chip market, with a potential addressable market of $1 trillion by 2030, and Microsoft's increasing demand for AI solutions, particularly in their Azure cloud business, make them attractive investment options. The global cloud AI market is projected to reach $396 billion in 2029, providing significant growth opportunities for Microsoft. Analysts expect Microsoft's revenue to grow by 15% in the current fiscal year, fueled by the traction of its AI business. Overall, both Nvidia and Microsoft have the potential to deliver substantial gains in the future through their involvement in the AI space.


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