The IDC forecasts annual spending on AI software to reach $279 billion by 2027, or an increase of 31% per year. If your portfolio needs an AI upgrade, Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) have to be at the top of your buy list. Shares of Microsoft are hitting new highs as the company rolls out AI tools across its software portfolio.
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Video games are one of the most consistently growing tech markets, benefiting from never-ending demand for new content and hardware upgrades. Data from Statista shows the video game market is projected to hit $250 billion this year and expand at a compound annual growth rate of 9% through 2028. The sector has transformed in recent years to include new revenue-generating avenues, such as microtransactions, mobile games, and subscription-based game services.