2 Top AI Growth Stocks To Consider in 2024, As Highlighted by JPMorgan Chase

With the constant evolution of technology, investors are often on the lookout for robust growth opportunities, particularly in the artificial intelligence (AI) sector. In 2024, a JPMorgan Chase analyst has pinpointed two AI growth stocks that seem to stand out from the pack: Amazon.com, Inc. AMZN and Alphabet Inc. GOOG.

Alphabet Inc. – Expanding Beyond Search Engines

Alphabet Inc., an American multinational conglomerate and parent company of Google, has seen remarkable growth since its restructuring in 2015. Headquartered in Mountain View, California, it has emerged as the world's fourth-largest technology company by revenue. Known for its dominance in the search engine domain, Alphabet's innovation has branched into various tech sectors including AI. With Google's founders as board members and controlling shareholders, GOOG remains a key player in the world's most influential tech landscape.

Amazon.com, Inc. – A Titan in E-Commerce and AI

Another stock catching the eyes of investors is AMZN, which stands tall as a leader in e-commerce, digital streaming, and cloud computing. Amazon's foray into artificial intelligence integrates with its vast array of services, influencing various aspects of the global economy. As one of the Big Five in U.S. IT alongside Google, its dominance in the marketplace and reputation as the world's most valuable brand continue to make it a desirable choice for investors looking at AI growth.

As AI technology propels forward, these two stocks represent potential top-tier investments according to industry analysts. Both companies have historically demonstrated strong growth trajectories and appear poised to continue this trend as AI becomes increasingly integral to their business models. For those looking to invest in growth stocks with a focus on AI, AMZN and GOOG are certainly worth consideration in 2024.

Amazon, Alphabet, AI