"Top AI Stock Contenders for 2024: Nvidia, Microsoft, and Tesla's Market Prospects"

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Source: Yahoo Finance
"Top AI Stock Contenders for 2024: Nvidia, Microsoft, and Tesla's Market Prospects"
Photo: Yahoo Finance
TL;DR Summary

Nvidia and Microsoft are both strong contenders in the AI market, with Nvidia excelling in AI hardware through its GPUs and Microsoft integrating AI into its software and cloud services. Nvidia's stock has seen significant growth, with a 237% increase this year and a projected earnings per share of $24 in the next two fiscal years. Microsoft's AI investments are also paying off, with a 13% revenue growth and a potential earnings per share of $15. Nvidia's stock is expected to rise 95%, while Microsoft's could increase by 32%, making Nvidia the potentially better AI stock for 2024. However, investment decisions should be made with caution and further analysis, as other stocks may also offer substantial returns.

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