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Barchart
Barchart
Joey Frenette

Apple and Spotify: 2 Music Streaming AI Stocks to Scoop Up in August

The artificial intelligence (AI) revolution is underway, and it's already made a lot of money for investors who recognized its potential early in the game. With shares of AI frontrunners like Nvidia (NVDA) doubling up many times over in a matter of months, it's not hard to see why so many investors want to stay in the tech scene, despite the potential for further interest rate increases.

With so many technology companies committed to investing in their AI capabilities, investors shouldn't narrow their focus on the few AI winners that have been leading the pack in recent quarters. Arguably, investors should at least be equal-weight in the mega-cap tech heroes of the so-called “Magnificent Seven” to benefit from the continued rise of AI. At the same time, investors should also seek value in areas of the market where the long-term benefits of incorporating AI tech aren't yet fully recognized.

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