Several companies are making significant strides in the AI space. Amazon and Meta Platforms are recognized as strong AI stocks for long-term growth, leveraging AI to enhance AWS, improve user engagement on Facebook and Instagram, and drive operational efficiencies. Amazon's AWS saw a 17.5% sales increase in the second quarter, contributing over half of Amazon's operating income. Meta Platforms has seen user time increase by 5% and 6% on its platforms due to AI tools. In other news, Rillet, an AI accounting startup, has secured $70 million in funding led by Andreessen Horowitz and ICONIQ to further develop its AI-powered accounting software, which aims to automate tasks and integrate with systems like Salesforce and Stripe, competing with established players like Microsoft and Oracle. Alphabet is investing $1 billion over three years to provide AI training and tools to over 100 U.S. universities and non-profits, including free access to its Gemini chatbot. Tesla is relying on its new Full Self Driving (FSD) system, powered by a more advanced AI model, to boost revenue amid declining car sales. AMD is also making headway, with increased data center revenue and progress in AI GPUs, leading to a fair value estimate increase to $155 per share. Wall Street is also keeping an eye on CrowdStrike, which integrates with OpenAI's ChatGPT Enterprise to enhance AI agent security, and Palo Alto Networks, which launched Cortex Cloud Application Security Posture Management (ASPM).
Key Takeaways
- Amazon and Meta Platforms are considered leading AI stocks, with Amazon leveraging AI in AWS and Meta in Facebook and Instagram.
- Rillet, an AI accounting startup, raised $70 million in funding to develop its AI-powered software, integrating with systems like Salesforce and Stripe.
- Alphabet is investing $1 billion in AI training for U.S. universities and non-profits, providing access to tools like the Gemini chatbot.
- Tesla is depending on its new AI-powered Full Self Driving (FSD) system to increase revenue amid declining car sales.
- AMD's fair value estimate has risen to $155 per share due to strong second-quarter revenue and progress in AI GPUs.
- CrowdStrike integrates with OpenAI's ChatGPT Enterprise to improve AI agent security.
- Amazon's AWS sales increased by 17.5% in the second quarter, contributing over half of Amazon's operating income.
- Meta Platforms has seen user time increase by 5% and 6% on its platforms due to AI tools.
- Palo Alto Networks launched Cortex Cloud Application Security Posture Management (ASPM) to prevent security issues in cloud applications.
Amazon and Meta Platforms Top AI Stocks for Long-Term Growth
Amazon and Meta Platforms are leading companies in artificial intelligence. Amazon uses AI to improve its cloud services (AWS), warehouse efficiency, and customer experience. Meta Platforms uses AI to enhance advertising on Facebook and Instagram and create tools like smart glasses. Both companies have strong user bases and are expected to lead the next wave of technology.
Amazon and Meta Platforms are Strong AI Stocks to Hold Forever
Amazon and Meta Platforms are benefiting from AI services and tools. Amazon's CEO is very optimistic about AI, especially for Amazon Web Services (AWS). AWS sales increased by 17.5% in the second quarter, making up over half of Amazon's operating income. Meta Platforms uses AI to improve Facebook and Instagram, with AI tools increasing user time by 5% and 6% respectively. Both companies are considered good long-term investments.
Rillet Secures $70 Million for AI Accounting Software
Rillet, an AI accounting startup, raised $70 million in funding led by Andreessen Horowitz and ICONIQ. The company aims to improve accounting with AI, competing with Oracle and Microsoft. Rillet's AI software helps companies automate accounting tasks and close books faster by connecting with systems like Salesforce and Stripe. The new funding will help Rillet develop its platform and expand its team.
Rillet Raises $70 Million to Revolutionize AI Accounting Software
Rillet, an AI accounting startup, secured $70 million in funding from Andreessen Horowitz and ICONIQ. The company develops AI-powered software to automate accounting tasks, challenging established companies like Oracle and Microsoft. Rillet's platform integrates with systems like Salesforce and Stripe, helping finance teams close books more efficiently. The funding will support platform development and team expansion.
Rillet Receives $70 Million Investment for AI Accounting Platform
Rillet, an AI accounting startup, has raised $70 million with funding led by Andreessen Horowitz and ICONIQ. The company's AI-powered software aims to automate accounting tasks, competing with tools from Oracle and Microsoft. Rillet's platform integrates with systems like Salesforce, Stripe, and Brex, enabling faster financial closing. The new funds will be used to enhance the platform and grow the team.
Top AI Penny Stocks to Watch for Growth in August 2025
Three AI penny stocks are showing potential for growth in August 2025. Applied Digital (APLD) is expanding its AI data center capacity through a major contract with CoreWeave. BigBear.ai (BBAI) is a defense-focused AI company with government contracts and analyst support. Hewlett Packard Enterprise (HPE) is involved in AI-native networking but faces legal challenges. These stocks are worth watching for investors interested in AI infrastructure and technology.
Wall Street Eyes These 10 AI Stocks
Two Chinese nationals were arrested for illegally shipping AI chips to China. CrowdStrike Holdings integrates with OpenAI's ChatGPT Enterprise to improve AI agent security. Palo Alto Networks launched Cortex Cloud Application Security Posture Management (ASPM) to prevent security issues in cloud applications. These companies are gaining attention on Wall Street for their AI and security advancements.
Tesla Relies on AI Self-Driving Upgrade as Car Sales Decline
Tesla is launching a new version of its Full Self Driving (FSD) system with a more advanced AI model. The upgrade aims to improve the car's ability to handle complex road conditions. Tesla hopes this will boost revenue as car sales have decreased. Some believe Tesla's future growth depends more on self-driving technology than car sales.
Alphabet Invests $1 Billion in AI Training for Universities
Alphabet (Google's parent company) will invest $1 billion over three years to provide AI training and tools to U.S. universities and non-profits. Over 100 universities will receive funding, cloud computing resources, and AI training. The program includes free access to AI tools like Alphabet’s Gemini chatbot. This initiative aims to support AI education and counter criticisms about AI's impact on learning.
AMD Gains CPU Share and AI Prospects, Fair Value Rises to $155
Advanced Micro Devices (AMD) reported strong second-quarter revenue, driven by gains in PC and server processors. AMD's data center revenue increased, despite restrictions on selling MI308 processors in China. The company is making progress in AI GPUs and expects significant AI revenue in the future. Due to these positive results, AMD's fair value estimate has been raised to $155 per share.
Futures Rise Amid AI Earnings from AMD, Arista, and Super Micro
Dow Jones futures and S&P 500 futures increased slightly, while Nasdaq futures decreased. Several companies, including Advanced Micro Devices (AMD), Arista Networks (ANET), and Super Micro Computer (SMCI), are making moves in AI earnings. Toast (TOST) and Hinge (HNGE) are also notable movers. Shopify (SHOP) and Walt Disney (DIS) are expected to report soon.
AMD, PayPal, CrowdStrike: Top AI Analyst Stocks to Watch
TipRanks' AI analyst has identified AMD, PayPal (PYPL), and CrowdStrike (CRWD) as outperforming stocks. AMD is expected to increase its CPU market share, but faces competition from NVIDIA. PayPal is transitioning to modern checkout systems, but faces competition from Apple Pay and Shop Pay. CrowdStrike is a market leader in cybersecurity, but its high valuation is a concern.
Sources
- 2 High-Potential AI Stocks to Buy for Long-Term Growth
- 2 Leading Artificial Intelligence (AI) Stocks to Buy and Hold Forever @themotleyfool #stocks $META $AMZN
- 2 Leading Artificial Intelligence (AI) Stocks to Buy and Hold Forever
- AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round
- AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round
- Top AI Penny Stocks Poised for Explosive Growth in August 2025
- 10 AI Stocks Gaining Attention on Wall Street
- Tesla Bets on AI Full Self Driving Upgrade to Boost Revenue as Car Sales Drop
- Alphabet (GOOGL) Pledges $1 Billion for AI Training at American Universities
- AMD Earnings: Strong CPU Share Gains and AI Prospects; Raising Fair Value to $155 From $140
- Futures Rise; Four Big AI Earnings Movers
- AMD, PYPL, CRWD: Three Outperforming AI Analyst Stocks
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