In the rapidly evolving world of artificial intelligence (AI), tech analysts Mark Mahaney and Brent Bracelin have weighed in on the best investment opportunities for 2024. Their insights into major companies and emerging technologies provide valuable guidance for investors looking to capitalize on the AI sector's growth.

Mahaney, the Head of Internet Research at Evercore ISI, highlighted three tech giants as his top picks: Amazon, Alphabet, and Meta Platforms. He emphasized that these companies have a significant advantage due to their vast amounts of data and substantial capital investments in AI. Mahaney noted that Amazon has been using machine learning for years to optimize its distribution centers, making it an intriguing investment option both as an employer and a revenue recipient. Additionally, he believes that Google and Meta have leveraged AI effectively to enhance user experiences and improve advertising strategies.

Meanwhile, Bracelin, an Equity Research Analyst at Piper Sandler, singled out Microsoft as a standout contender. He compares Microsoft's position in the AI industry to Apple's dominance with the iPhone, suggesting that this is Microsoft's "iPhone moment." Bracelin anticipates a substantial boost in Microsoft's AI business, projecting it to grow from $2 billion to $10 billion over the next two years. He also endorsed Adobe and HubSpot as companies with strong plans to monetize their AI products. Adobe has already demonstrated impressive progress in this regard and is set to launch an AI assistant for their Acrobat and reader products. Similarly, HubSpot, a smaller application company, is well-positioned to capitalize on its various AI features and functions.

In addition to these prominent players, Bracelin also highlighted the potential of database stocks as "dark horses" in the AI sector. He mentioned MongoDB and Snowflake as key players, explaining that these database layer technologies could experience indirect benefits as large-scale AI applications gain traction.

The insights provided by Mahaney and Bracelin offer valuable guidance for investors interested in exploring AI investment opportunities in 2024. As AI continues to revolutionize various industries, these companies are poised to leverage their data-driven capabilities and sizable investments to propel their businesses forward. Investors would be wise to consider these expert recommendations while navigating the dynamic AI landscape in the coming year.

Overall, the outlook for AI investments in 2024 appears promising, with the discussed companies demonstrating strong potential for growth and innovation in the rapidly expanding AI sector.