Here are two profitable companies making money off the tech boom.
If you have some extra cash you're looking to commit to a long-term investment plan, there's never been a better time to start investing. Artificial intelligence (AI) is improving at an exponential rate, and investors stand to profit handsomely from holding the right AI stocks.
The following companies are leaders in cloud services and data management that could deliver excellent returns.
1. Microsoft
Microsoft ( MSFT 1.82% ) has been the dominant leader in software for decades, and it has translated that advantage to the cloud services market. Its impressive 39% year-over-year increase in Azure cloud revenue last quarter was faster than competitors, indicating significant market share gains.
Microsoft is second