Harsh Chauhan

Market researcher IDC forecasts that global AI-related spending could hit $337 billion next year and jump to a whopping $749 billion by 2028. As a result, technology companies selling AI-related hardware and software should ideally witness healthy growth in their businesses next year. Micron Technology may not have set the stock market on fire this year as shares of the chipmaker have gained 18% in 2024, losing momentum in the second half of the year despite posting solid results of late, but that's good news for investors looking to buy an AI stock at a reasonable valuation.

Key Points Both Nvidia and Palantir have delivered stunning gains in 2024, but one of them is growing at a much faster pace than the other. Investors have an easy choice to make if they are looking to add one of these two AI stocks to their portfolios right now. Motley Fool Issues Rare “All In” Buy Alert

Key Points Palantir stock has become very expensive, but there is another AI software stock available at a much cheaper valuation. This Palantir alternative just reported solid results and delivered a nice acceleration in growth. It could deliver impressive gains next year if its growth accelerates and the market decides to reward it with a higher valuation multiple. Motley Fool Issues Rare “All In” Buy Alert

Key Points Marvell Technology has delivered outstanding gains on the stock market this year, while AMD has struggled despite reporting impressive growth of late. However, there is a good chance that the underperforming stock could regain its mojo next year. Buy Alert: Our 10 best stocks to buy right now (see the list)

Key Points Taiwan Semiconductor's key role in manufacturing chips should lead to impressive upside in 2025. Dell stock fell following its latest results, but investors are getting a good deal on this potential AI winner. Motley Fool Issues Rare “All In” Buy Alert

Key Points Micron Technology stock has been sliding over the past few months, but its upcoming earnings report could change its fortunes. Micron is growing at an incredible pace of late, and that trend seems here to stay. The company's AI-powered growth and its attractive valuation make buying the stock a no-brainer.

2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire

Key Points Snowflake stock has been in fine form of late thanks to the rapid growth in the company's revenue pipeline, a trend that could continue thanks to AI. Meta Platforms is growing at a faster pace than the digital ad market and analysts are upbeat about the company's prospects going forward. Motley Fool Issues Rare “All In” Buy Alert

Key Points Qorvo stock has underperformed the market in 2024. The chipmaker's results have been discouraging of late, but there may be a chance of a turnaround in the new year. Qorvo's cheap valuation, strong clientele, and a big catalyst in the form of the AI smartphone market are reasons why investors should keep an eye on this chipmaker. Motley Fool Issues Rare “All In” Buy Alert