Investors will likely remember 2023 as the year artificial intelligence (AI) hit its stride. While tech giants have utilized the technology for years, investors turned back to these stocks when they saw the power of OpenAI's ChatGPT. Many companies with footholds in the space should sustain their AI-inspired share price gains over the long term, and Nvidia (NASDAQ: NVDA), Palantir (NYSE: PLTR), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are three stocks in particular that should drive significant returns for investors.
Big Tech cloud providers are racing to arm themselves in the generative AI chatbot wars.
One is gaining momentum with the help of artificial intelligence. The other continues to fall behind.