AI stocks have delivered the best performances in the major benchmarks this year. This also has resulted in valuation increases for some of these players and the market in general. Now, heading into 2025,

Market researcher IDC forecasts that global AI-related spending could hit $337 billion next year and jump to a whopping $749 billion by 2028. As a result, technology companies selling AI-related hardware and software should ideally witness healthy growth in their businesses next year.

Artificial Intelligence (AI) is proving to be a game-changing technology and with it, several companies are emerging as winners in this sector of the economy. The stocks for many of these companies have already seen large gains.

Artificial intelligence stocks have helped propel the markets to all-time highs, but can the momentum really keep going?

Two prominent companies in this area are quantum computing company IonQ (NYSE: IONQ) and semiconductor-giant Nvidia (NASDAQ: NVDA). Through Dec. 11, IonQ's share price was up around 140%, and Nvidia's had risen about 180% in 2024.

Palantir Technologies (NASDAQ: PLTR) has been one of the hottest stocks on the market in 2024, logging amazing gains of 319% as of this writing. The company's artificial intelligence (AI) software platform has been in terrific demand from customers and governments looking to integrate generative AI into their data analysis.

I've written a lot about SoundHound AI (NASDAQ: SOUN) this year. In early 2024, the company secured a multimillion-dollar investment from Nvidia, the largest supplier of artificial intelligence (AI) graphics processing units (GPUs) on the planet.

Detailed price information for Qualcomm Inc (QCOM-Q) from The Globe and Mail including charting and trades.