The best AI stocks to buy span chipmakers, software companies, cloud computing service providers and technology giants.
Capital spending boomed in the June quarter at cloud computing giants Amazon, Microsoft and Google. Tech giants are spending heavily on data center infrastructure, such as AI chips and servers, as well as research and development.
Amid increased capital spending by cloud computing giants, the big question is how much incremental AI-related revenue they're getting. What's clear is that AI stocks are under more scrutiny.
"We expect AI to transition from a 'tell me' to a 'show me' story, with any disconnect between investments and revenue generation to come under increased scrutiny," said a Bank of America report. "
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