|Bid||27.52 x N/A|
|Ask||28.03 x N/A|
|Day's Range||27.52 - 27.99|
|52 Week Range||16.48 - 28.47|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||32.66|
|Forward Dividend & Yield||0.21 (0.74%)|
|Ex-Dividend Date||Aug 16, 2023|
|1y Target Est||N/A|
The IDC forecasts annual spending on AI software to reach $279 billion by 2027, or an increase of 31% per year. If your portfolio needs an AI upgrade, Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) have to be at the top of your buy list. Shares of Microsoft are hitting new highs as the company rolls out AI tools across its software portfolio.
Video games are one of the most consistently growing tech markets, benefiting from never-ending demand for new content and hardware upgrades. Data from Statista shows the video game market is projected to hit $250 billion this year and expand at a compound annual growth rate of 9% through 2028. The sector has transformed in recent years to include new revenue-generating avenues, such as microtransactions, mobile games, and subscription-based game services.
Wall Street is already talking about two stocks that could reach $4 trillion market caps as soon as next year. Artificial intelligence (AI) has been the driving force behind these two companies in 2023, and it'll likely continue to be the story of the year in 2024. Recent advancements in the technology popularized by OpenAI's ChatGPT have ushered in a new era of AI investments.