Many tech stocks surged over the past year thanks to factors such as the artificial intelligence (AI) boom. One stock that more than doubled in that time is Meta Platforms Inc (NASDAQ: META).

Meta, the owner of social media platforms like Facebook, Instagram, Threads, WhatsApp, and Messenger, is deploying AI in multiple ways, including how we communicate with those who don't speak the same language.

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Meta is the parent behind the world's top social media assets. Collectively, Facebook, WhatsApp, Instagram, and Facebook Messenger are four of the most downloaded apps globally and were responsible for luring nearly 4 billion monthly active users during the December-ended quarter.

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Analysts expect 2024 upside from the roll out of new products. A material boost from generative AI projects may wait until 2025, said RBC Capital analyst Matthew Hedberg in a report.

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Draftkings Inc (NASDAQ: DKNG) now operates in 27 states as well as Ontario, Canada, following the March 11 N.C. launch.

Shares of DraftKings surged Monday with March Madness in full swing.

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Alphabet potentially enters a new phase of growth -- driven by AI. And this should build on the solid foundation the company has put into place over the years, growing earnings into the billions of dollars and establishing a secure moat.

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Consensus estimates call for EPS to grow from 58 cents in 2024 to $10 by 2030, with revenue expansion from $1.7 billion to $11.5 billion. The company’s growth story still has miles to run.

Cloudflare went public in 2019. Cloudflare's stock subsequently rallied more than 550%.

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AMD's stock has climbed 111% year to date alongside its growing prospects in AI. The tech company is gearing up to challenge AI's leading chip supplier Nvidia with a new line of graphics processing units (GPUs) -- the hardware necessary for training AI models.

AMD recently began selling a line of accelerators called the MI300. It expects to get revenue of $3.5 billion from that product this year, up from an earlier projection of $2 billion.

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SoundHound AI Inc (NASDAQ: SOUN) stock may have underperformed the broader market over the past year, but it has simply taken off after chip giant Nvidia revealed in a 13F filing that it has invested $3.7 million in the company.

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