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Not long after that launch, they decided to become a publicly traded company.
Yes, that decision has paid off handsomely, with my investment growing over 600% since then.
Microsofts pivot to cloud computing and its grip on the enterprise software market really drove this success.
Its no secret that Microsoft has beenextremely profitable for investorsrecently.
A significant part of that success has been due to its AI and cloud products.
Also heres ten other companies best to invest in right now.
Nvidia
Like Microsoft, Nvidia has been on a tear over the past year.
Much of the recent success has been powered by its push into generative AI.
At Deep Cognition, Nvidias GPUs power our AI development, says Pennypacke.
Ive seen up close how their tech keeps pushing the boundaries of what we can do in AI.
Its also important to remember that Nvidia was an important company before AI came into the picture.
It helps run laptops,video game consoles, cloud platforms, self-driving technology, and more.
This comes after they announced quarterly revenue of $2.25 billion in the previous quarter, up 12.5%.
Amazon
Many people think of Amazon as one of the biggest retailers of consumer products.
While thats true, Amazons revenue is much more complex.
Similar to Nvidia, much of its recent growth has come from AI.
They offer businesses everything from chips tocustomized language models.
We lean heavily on AWS, and Ive watched it become a must-have for businesses big and small.
Their moves intohealthcare and advertisingalso look promising for future growth.
During the Covid-19 pandemic,social media websiteslike Pinterest were on fire.
With people stuck inside their homes, they turned to social media to occupy their time.
Unfortunately, once restrictions ended and people started venturing outside again,social media usagedeclined.
For companies like Pinterest, this significantly impacted the stock price.
Elliott is hard at work pushing the Board to implement these initiatives after having obtained a Board seat.
52% of this revenue was due to chips being used for AI.
While most production is outside the United States, they are building a complex in Phoenix, Arizona.
The first part should be ready in 2025, and the next two by the decades end.
Its ability to manufacture inside the United States could greatly impact its profitability.
However, even with these unknowns, theprojected full-year revenue growthis 21%.
As we cook up cutting-edge AI solutions, we know how vital advanced semiconductors are, says Pennypacke.
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