2 Artificial Intelligence Stocks to Double Up on Right Now

In the past couple of years, artificial intelligence (AI) has been one of the most important investment themes on Wall Street. While the initial AI-fueled frenzy mostly died down, institutional and retail investors are still in search of AI-powered investments, especially those with long-term and sustainable growth prospects.Stocks like Micron Technology (NASDAQ: MU) and Oracle (NYSE: ORCL) seem to fit the bill. Here's why investors can benefit by doubling up these stocks now.Leading memory player Micron Technology made a splash on Wall Street lately, with its fourth-quarter fiscal 2024 (ended Aug. 29, 2024) revenue and earnings beating consensus estimates. The company emerged as a major beneficiary of the AI wave, driven by the increasing demand for high-bandwidth memory (HBM) chips from data centers and enterprises. Micron's HBM3E technology consumes almost 20% less power than the memory products from the nearest competitor. The higher energy efficiency, a must-have for power-hungry data center operations, has been a major factor in driving the adoption of Micron's memory products.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool