PLTR, SMCI & MSFT: Could these AI stocks really make you a millionaire?

AI_Dig
03-20

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It's never been easier to become a millionaire, and the stock market is one of the biggest reasons! So, which AI stocks could really make you a millionaire? Here are three that are worth considering.

1.Palantir Technologies

In just 12 months, $Palantir Technologies Inc.(PLTR)$ 's stock has skyrocketed by 239%, making plenty of shareholders richer by the minute. The company runs a data analytics platform that serves both governments and businesses. Think the US Defense Department, the UK's National Health Service, and the CDC for gov't clients. Commercial clients include $Morgan Stanley(MS)$ and $Merck(MRK)$ .

Its business is booming, as evidenced by its fiscal fourth-quarter results. Overall revenue was up 20%, US commercial revenue was up 70%, the number of US commercial customers has jumped 55%, and generated $731 million in free cash flow over the past 12 months.

2. Super Micro Computer

$SUPER MICRO COMPUTER INC(SMCI)$ is arguably the hottest stock on Wall Street, climbing 1060% over the past 12 months, meaning that a $1,000 investment last March has grown to nearly $12,000 today.

The company makes most of the physical hardware needed to store, cool, and run cutting-edge GPUs. And their sales are soaring. In just three years, SMCI's annual revenue has skyrocketed from $3.4 billion to more than $9.2 billion. In addition, sales are expected to increase to $14.5 billion and $19.8 billion in 2024 and 2025, respectively.

Of course, SMCI might not be the wisest choice for every investor. But for those looking for high-growth stocks in the AI revolution, SMCI is definitely worth considering.

3. Microsoft

The company has made millionaires, and even billionaires! Compared to some of the hottest AI stocks, $Microsoft(MSFT)$ 's 10% return this year might seem tame. But remember, MSFT is a $3trillion giant.

What's more, Microsoft's track record since CEO Satya Nadella took the helm a decade ago has been stellar. Under his leadership, Microsoft's annual revenue has grown from $83 billion to $228 billion, and the focus has shifted to cloud computing.

The company is constantly innovating. Their latest offering? Microsoft 365 Copilot. Now, users can access real-time AI tools integrated into popular programs like Word, Excel, Outlook, and PowerPoint. This will boost productivity for both individuals and businesses, further solidifying Microsoft 365 as a must-have business software suite.

In conclusion, there's a reason MSFT is the biggest company around. With strong leadership, innovative products, and a massive scale, the stock is likely to continue minting millionaires for a long time to come.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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