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Top AI Stocks to Watch and Invest in Now: Amazon, Pure Storage, TSMC, and More

Recent analyses highlight significant investment opportunities in artificial intelligence (AI) stocks beyond the well-known Nvidia and Palantir. Amazon is leveraging AI to strengthen its e-commerce, advertising, and cloud computing sectors, with expectations of 18% annual earnings growth over the next three years. Pure Storage offers enterprise flash storage solutions optimized for AI workloads, with a current valuation of 39 times earnings and a forecasted 30% annual earnings growth. Taiwan Semiconductor Manufacturing (TSMC), a leading chip manufacturer and key player in AI chip production, reported a 30% year-over-year revenue increase in Q3 and is expanding operations with a $165 billion investment in new U.S. foundries. Other notable AI-related stocks include Vertiv Holdings, which provides data center infrastructure and saw a 66% stock rally this year, and Constellation Energy, which has surged over 60% following strategic partnerships with Meta and Microsoft to support AI data center power needs. Analysts consider these stocks promising due to their roles in AI hardware, data storage, and infrastructure, with many currently near buy points. Despite some market volatility, the AI sector remains a key focus for investors seeking long-term growth in the evolving tech landscape.

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