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Should you invest in generative AI stocks?

While artificial intelligence appears to be all the rage these days, investors may want to target a specific subsegment called generative AI stocks. According to McKinsey & Company, generative AI describes algorithms that can be used to create new content. These include audio, code, images, text, simulations, and videos.

Which generative AI stocks are poised to make more impact in 2024?

Let’s now discuss three generative AI stocks that are poised to make further impact in the rest of 2024. Semiconductor company Advanced Micro Devices (NASDAQ: AMD) is the first name among the generative AI stocks for today. It is well-known for its cutting-edge processors and graphics cards.

Which artificial intelligence stocks should you buy?

Further, Microsoft is the biggest investor in startup OpenAI, the leader in generative AI training models. The top artificial intelligence stocks to buy span chipmakers, software companies, cloud computing service providers and technology giants that utilize AI tools in many applications.

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