These Could Be the Best-Performing Artificial Intelligence (AI) Stocks Through 2030

Do you remember first hearing about this strange thing called “the cloud”? It was probably sometime in the 2010s. Many said it would be a massive boon for tech companies — and they were right.

Spending on public cloud usage rose from $31 billion in 2015 to nearly $200 billion in 2023. Microsoft‘s Intelligent Cloud and Amazon‘s (NASDAQ: AMZN) Amazon Web Services (AWS) provide terrific revenue streams with annual run rates of over $100 billion each. This technology has been the linchpin driving total returns of over 900% since 2015 for both stocks.

Artificial intelligence (AI) looks like the next big thing. Some say it will be as transformative as the internet. The International Monetary Fund says it will change nearly 40% of jobs worldwide, and data compiled by Statista shows the AI market will increase sixfold from $300 billion this year to over $1.8 trillion by 2030.

Here are four companies taking advantage of the growth in AI with the potential to make investors very happy in the next six years.

Palantir

Palantir (NYSE: PLTR) is a popular stock, and much of the hype is deserved. Managing, analyzing, and using data to optimize decision-making are at the core of its business. And its platforms for the private sector and governments use AI to do this.

Palantir’s newest product, Artificial Intelligence Platform (AIP), is also built for the defense and the private sectors, where it deploys on the customer’s network and leverages large language models (LLMs). What exactly does this mean? Here’s an example from Palantir.

Say that you’re a military operator in charge of forces in the field, and data comes in saying the enemy is amassing equipment nearby. The operator can visualize the field and ask questions such as, “What enemy units are nearby?” and “What are likely enemy formations?” Then, they can direct drones or satellites to capture images. Using this technology assists the operator with planning and operational…