Better Artificial Intelligence (AI) Stock: Alphabet vs. Micron Technology (the Winner May Surprise You)
Yahoo Finance ·
In the artificial intelligence (AI) investing sector, there are several ways to play the trend. You can invest in legacy tech companies like Alphabet ( GOOG 0.37% ) ( GOOGL 0.36% ) that are integrating AI throughout their products, training their own AI models, and building a cloud computing network to run internal and external AI workloads. Another popular way is to pick an infrastructure play like Micron ( MU 5.68% ) , which provides memory chips used in data center applications. These two have been profitable investments over the past year, but which looks like the better stock pick now? Alphabet has a wide AI strategy, and it appears to be excelling in nearly every area. Its Gemini generative AI platform is widely used and has been integrated into Google Search, offering AI search summaries for nearly every result. Alphabet also has a thriving cloud computing business that saw 63% revenue growth during Q1. All of these business units are showing strong growth, and that growth is likely to continue.
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