Founded in 1993 by Tom and David Gardner, The Motley Fool has a mission to make the world smarter, happier, and richer. Through our various platforms such as our website, podcasts, books, newspaper column, radio show, and premium investing services, we help millions of people achieve financial freedom. You are currently reading a free article, and it's important to note that the opinions expressed here may differ from our premium investing services. To gain instant access to our top analyst recommendations, in-depth research, investing resources, and more, we invite you to become a Motley Fool member today. Learn More In recent years, many growth-oriented investors have focused on the FAANG stocks as their core tech investments. These stocks belong to Facebook's parent company Meta Platforms, Amazon, Apple, Netflix, and Google's parent company Alphabet, and have dominated various markets, ranging from social networking to e-commerce, cloud computing, streaming video, advertising, and mobile devices. However, the landscape has shifted over the past year, with the rise of the market for artificial intelligence (AI) services driven by generative AI platforms like OpenAI's ChatGPT. As a result, many AI-related tech stocks have outperformed their FAANG counterparts. In this article, we will explore three top plays in this nascent market and discuss why they are poised for significant growth in the coming years. Nvidia (NVDA 8. 47%) is a global leader in producing high-end gaming graphics processing units (GPUs). However, the company also manufactures powerful GPUs for data centers, where they are utilized for processing complex machine learning and AI tasks. Unlike central processing units (CPUs), which process data points individually through scalar processing, GPUs employ vector processing, enabling them to handle a wide range of integers and floating-point numbers simultaneously. As a result, Nvidia's GPUs power leading generative AI platforms like ChatGPT. According to Allied Market Research, the generative AI market could expand at a compound annual growth rate (CAGR) of 34% from 2023 to 2032, providing ample room for Nvidia's data center business to thrive. Investing directly in ChatGPT might be challenging for retail investors, as OpenAI is still a private startup. However, investing in Microsoft (MSFT 1. 71%), which is the primary backer of OpenAI and has already invested over $13 billion in the company, is a viable option. Microsoft has already integrated ChatGPT into its Bing search engine, Azure cloud infrastructure platform, and Outlook email platform, and it utilizes OpenAI's DALL-E to generate AI images for Bing's Image Creator.

These actions demonstrate Microsoft's commitment to streamlining and automating its services with AI tools, potentially leading to increased sales, operating margins, and profits. Moreover, it positions the company to meet the demands of its enterprise customers who are increasingly requesting AI-driven cloud-based services. Similar to Microsoft, Adobe (ADBE 2. 43%) has undergone a significant shift towards cloud-based services over the past decade. Adobe transformed its desktop apps into cloud-based services and doesn't plan to miss the next big shift towards AI services. Seven years ago, the company launched Adobe Sensei, an AI and machine learning framework that primarily worked behind the scenes to enhance tasks across its Creative, Marketing, and Document cloud platforms. Earlier this year, Adobe introduced a new generative AI tool called Firefly, which showcases the powerful capabilities of Sensei. With Firefly, users of Adobe's Creative Cloud can create images, videos, and digital models from simple text-based prompts. Additionally, Firefly can enhance workflows in Adobe's Document Cloud, Experience Cloud, and Adobe Express. Given Adobe's dominance in the digital media market with its industry-standard apps like Photoshop, Illustrator, and Premiere Pro, incorporating AI upgrades for these tools can solidify its user base while potentially paving the way for a new generation of AI artists and creators. The AI-powered tools could also help companies reduce their reliance on human creators. It's worth noting that Suzanne Frey, an executive at Alphabet, serves on The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, a subsidiary of Amazon, also serves on The Motley Fool's board of directors. Additionally, Randi Zuckerberg, former director of market development and spokeswoman for Facebook and sister of Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. The author of this article, Leo Sun, has positions in Adobe, Alphabet, Amazon. com, Apple, and Meta Platforms. The Motley Fool has positions in and recommends Adobe, Alphabet, Amazon. com, Apple, Meta Platforms, Microsoft, Netflix, and Nvidia. The Motley Fool recommends long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. Please refer to our disclosure policy for more information. Prediction: Three Unstoppable Stocks Set to Join the $1 Trillion Club Alongside Apple, Microsoft, Amazon, Alphabet, and Nvidia by 2030.