2 Millionaire-Maker Artificial Intelligence (AI) Stocks

There have never been more millionaires than today. Indeed, Statista estimates that as of December 2023, there were 22.7 million millionaires in the United States, roughly 9% of the American population.

One big reason why: The current bull market, and, in particular, the artificial intelligence (AI) stocks that are powering it higher. So, let’s take a look at two millionaire-maker AI stocks that still have plenty of room to run. These stocks may not be cheap today, but they may be worth every premium penny in the long run.

1. Microsoft

First up is Microsoft (NASDAQ: MSFT). There are many reasons why the world’s largest company has made, and will continue to make, countless millionaires, but I want to cover one specifically: Microsoft is poised to grow its often underappreciated search and news advertising business.

In its most recent quarter (the three months ending on Dec. 31), Microsoft’s search and news ad segment generated $3.2 billion in revenue. That’s a tidy sum, similar to the revenue Roku generated over the last 12 months ($3.4 billion).

However, for Microsoft, the $3.2 billion it generates from advertising is but a drop in the bucket. The company makes about $62 billion in quarterly revenue. So to some investors, its digital ad segment revenue is often an afterthought — particularly when compared to the true digital ad giants like Alphabet and Meta Platforms.

However, thanks to its partnership with OpenAI, Microsoft might be able to force its way into the digital ad conversation. Recent reports suggest that OpenAI may be working on a search engine designed to rival Alphabet’s flagship Google Search. Crucially, Microsoft was quick to adopt key ChatGPT features into its Bing search engine last year, leading to the possibility that Microsoft might once again quickly adopt any future breakthroughs.

At any rate, it is clear Microsoft has room to grow when it comes to the digital ad market. The overall market is likely to expand to $966…