It is reported that multiple Big Tech companies have been increasing their investments in artificial intelligence (AI) infrastructure, with a particular focus on expanding their presence in international markets. Microsoft and Amazon have already allocated over 40 billion USD combined for AI-related and data center projects worldwide this year. The rationale behind these investments is driven by the need to have data centers built in regions where the shift to cloud computing is happening, ensuring faster processing times, data privacy and security.
Microsoft
Microsoft has launched new Surface devices equipped with advanced AI-capable chips, emphasizing enhanced battery life and offline functionality. This move aligns with the company's strategy to integrate artificial intelligence into its Windows platform comprehensively.
Microsoft daily chart
Simply bullish stock pattern for Microsoft! The share price even breaks its All Time High recently. Nothing much to judge on a stock situates at its ATH position.There's no any resistance or selling pressure from trapped retailers at this level. A bullish vote for $Microsoft(MSFT)$
Amazon
Amazon Web Services is a major growth driver for Amazon in the thriving cloud services sector.
Synergy in the other operating sectors could lead to further growth in the more traditional segments. The stock has doubled in price since its lows at the start of 2023. Shares have significantly outperformed the S&P 500 and online retailer segment during this time.
Amazon daily chart
For Amazon, I have slightly some doubt for its incoming share price movement. As we can observe from the chart above, Amazon might experience a double top pattern. Next week will be critical for Amazon and it must hold above 180 USD. Well, with all the positive sentiment in AI market, I am still bullish for $Amazon.com(AMZN)$
PLTR
Palantir posted upbeat Q1 results that were again led by sustained momentum in its U.S. commercial business, where it is one of the earlier software companies to meaningfully monetize generative AI. The ability to drive stronger acceleration in 2024 is being constrained by Palantir's government and international commercial businesses that aren't yet seeing similar AI tailwinds as US commercial.
PLTR daily chart
For PLTR, again, for the 4th time, the share price retraces to the blue coloured neckline support at around 20.30 USD. I believe history will repeat and PLTR will rebound strongly again next week once it touches this critical support, therefore I am bullish $Palantir Technologies Inc.(PLTR)$
C3.AI
C3.AI was a fairly popular artificial intelligence stock back in 2023 when the AI investment wave began. The two letters in the company's name and ticker symbol prominently tell any investor or client what it specializes in. As a result of the AI investment wave, many people have piled into C3.ai's stock, although the popularity has waned.
C3 daily chart
C3 is having quite a similar neckline support pattern like PLTR, but not exactly the same. As you can see from the chart drawn above, 23.59 USD acts as a very strong and important neckline support for C3. The share price touched this support for at least 5 times, since Oct 2023. A rebound is to be expected next week but I think the key decider will be next week earnings result. With the good AI market momentum, I believe C3 will deliver a good result too, therefore a $C3.ai, Inc.(AI)$
META
Meta recently rolled out AI across Facebook, Instagram and WhatsApp for free. A report has now claimed that the company is looking to launch an advanced version of its AI chatbot for which it will charge a premium from users. The subscription product, if launched, would show investors how Meta plans to recoup some of the billions of dollars it has been investing in AI.
Meta daily chart
Let's end our review with META technical chart. Just like other tech giants, Meta share price is doing pretty well for the past 2 weeks, although it is under a consolidation phase. The stock seems to be able to hold well at this level (above 452 USD support), in which I believe Meta $Meta Platforms, Inc.(META)$
How do you like AI and semiconductor stocks? Which are your top picks? Are they being mentioned above, else kindly share your favourite choice in the comments below, thanks!
@MillionaireTiger @CaptainTiger @Tiger_comments @TigerStars @TigerGPT @Daily_Discussion
Comments
Based on the information provided, it seems that the companies mentioned are actively investing in AI infrastructure and expanding their presence in international markets. Microsoft and Amazon have allocated a significant amount of funds for AI-related and data center projects worldwide.
In terms of AI and semiconductor stocks, the companies mentioned in the report, Microsoft and Amazon, are indeed prominent players in the AI industry. However, it's important to conduct thorough research and analysis before making any investment decisions. Here are a few additional AI and semiconductor stocks that you may consider:
NVIDIA Corporation (NVDA): NVIDIA is a leading semiconductor company known for its graphics processing units (GPUs) and AI capabilities. The company's GPUs are widely used in AI applications, including data centers, autonomous vehicles, and gaming.
Alphabet Inc. (GOOGL): Alphabet, the parent company of Google, has been investing heavily in AI research and development. Google's AI technologies are integrated into various products and services, including search algorithms, virtual assistants, and autonomous driving.
Advanced Micro Devices, Inc. (AMD): AMD is a semiconductor company that designs and manufactures CPUs and GPUs. The company's products are used in AI applications, gaming consoles, and data centers. AMD has been gaining market share in the semiconductor industry in recent years.
Intel Corporation (INTC): Intel is a leading semiconductor company that provides processors for various applications, including AI. The company has been expanding its AI capabilities through acquisitions and partnerships to stay competitive in the rapidly evolving AI market.
Taiwan Semiconductor Manufacturing Company Limited (TSM): TSMC is the world's largest semiconductor foundry, manufacturing chips for various industries, including AI. The company's advanced manufacturing processes enable the production of high-performance AI chips.
Please note that these are just a few examples, and it's essential to conduct thorough research and analysis before making any investment decisions. It's also recommended to consult with a financial advisor to assess your individual investment goals and risk tolerance.
Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it's important to carefully consider your investment objectives and risk tolerance before making any investment decisions.
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