In this piece, we discuss the 10 AI Stocks That Will Make You A Millionaire.
On March 11, Marcus Bodet, co-founder of B.I.G. Capital, appeared on a Schwab Network to discuss the AI buildout, its tailwinds, and the headwinds causing volatility. He noted that the AI buildout is still in its infancy and highlighted that one of the biggest headwinds for AI is the cost of energy. Bodet said that one of the safest bets on AI is infrastructure players, chip makers, and data center providers. However, these players are also the ones most exposed to challenges regarding the energy cost.
Bodet noted that, regardless of the headwinds, top companies including Nvidia, Google, and OpenAI are expected to remain strong in the long-term. Addressing concerns regarding the AI bubble, Bodet highlighted that the market is concerned about the spending loop between big tech companies. However, he elaborated that due to the capital-intensive nature of the AI infrastructure buildout, tech companies have to work together to develop the infrastructure needed for smaller companies to make AI products marketable. He expects more deals and investments from big tech players moving forward.
With that, let’s take a look at the 10 AI Stocks That Will Make You A Millionaire.
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Our Methodology
We sifted through financial media reports to compile a list of AI stocks widely discussed for their potential to make investors millionaires, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 AI Stocks That Will Make You A Millionaire
10. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best AI Stocks That Will Make You A Millionaire. On March 10, NVIDIA Corporation (NASDAQ:NVDA) announced its multi-year strategic partnership with Thinking Machines Lab. The aim of this partnership is to deploy at least 1 gigawatt of Nvidia’s next-generation Vera Rubin systems for Thinking Machines Lab’s frontier model training and customizable AI platforms.
The press release noted that the expected deployment timeline is set for early next year. Moreover, the partnership also includes a collaboration to design training and serving systems for NVIDIA architectures, broadening access to frontier AI and open models for enterprises, research institutions, and scientists.
NVIDIA Corporation (NASDAQ:NVDA) highlighted that they have made significant investments in Thinking Machines Lab to ensure long term growth. Both companies share a similar goal of advancing understandable, customizable, collaborative AI systems through research, design, and massive infrastructure to expand human capabilities.
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.
9. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ:AVGO) is one of the Best AI Stocks That Will Make You A Millionaire. On March 5, Reuters reported that Broadcom Inc. (NASDAQ:AVGO) forecasted over $100 billion in AI chip sales for 2027. This highlights potential share gain in a market dominated by Nvidia. After the news, the shares of Broadcom rose around 3%.
The report noted that big tech firms, including Meta, Alphabet, Microsoft, and Amazon, have plans to spend more than $600 billion on AI infrastructure. This is expected to grow the demand for semiconductors, servers, storage, and networking. The report noted that Broadcom has a significant edge due to its custom ASICs, which are alternatives to Nvidia’s expensive chips.
According to Reuters, Melius Research said that the company has visibility for more than 10 gigawatts of AI demand from clients like Anthropic and Meta. This scales Broadcom closer to Nvidia and AMD deal volumes.
Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs and supplies products, including custom chips, networking solutions, and enterprise software used across industries such as cloud computing, telecommunications, and data centers.
