rewrite this title and make it good for SEOShould You Forget Nvidia and Buy These 2 Millionaire-Maker Stocks Instead?

More specifically, 51 of its agreements last quarter came through its partners, an increase of 155% from the year-ago period. It closed 40 agreements alone through Google Cloud. C3.ai offers its suite of enterprise AI tools through its partners, enabling customers to build, deploy, and scale generative AI applications that can be used for improving business processes across multiple industries.

The success that C3.ai is finding through its partner model explains why the company is focused on strengthening this channel further. It recently announced an extension of its partnership with Microsoft, through which C3.ai’s entire suite of enterprise AI applications will be available on the Azure Marketplace. What’s more, both companies will work together on product development and marketing, which should help improve C3.ai’s reach in the enterprise AI software space.

C3.ai’s press release also says that the agreement “establishes C3 AI as a preferred AI application software provider on Microsoft Azure.” So, it wasn’t surprising to see investors reacting positively to this development, as it could help C3.ai clock faster growth going forward.

The company is expecting $382.5 million in revenue in fiscal 2025 at the midpoint of its guidance range, which would be a 23% increase over fiscal 2024. Analysts are expecting the company to sustain a healthy double-digit revenue growth rate for the next couple of years as well.

However, the possibility of C3.ai clocking faster revenue growth cannot be ruled out, considering the pilot projects it is engaged in, its presence on major cloud computing platforms, and the fast-growing demand for AI software. That’s why investors can consider buying C3.ai stock and hold it for the long run, as it seems to have the potential to deliver healthy gains and even help them achieve their goal of building a million-dollar portfolio.

The digital advertising market is already quite large, generating an estimated $680 billion in revenue last year. By 2028, the size of this market is expected to exceed $965 billion, with more growth expected in subsequent years. Tech giants Alphabet, Meta Platforms, and Amazon are the dominant players in this huge industry, accounting for more than 60% of global digital ad revenue last year.

However, there’s one company that’s giving these bigwigs a run for their money. The Trade Desk (NASDAQ: TTD) provides a programmatic advertising platform that enables marketers and brands to automate their ad inventory purchases, optimize campaigns, and improve audience targeting in real time with the help of data.

The company’s revenue in the first nine months of 2024 has increased by 27% to $1.7 billion. Its earnings over the same period witnessed an identical jump to $1.07 per share. Meta Platforms, on the other hand, has witnessed a 22% increase in revenue in the first three quarters of 2024. Google’s advertising revenue, meanwhile, has increased by 11% in the first nine months of the year.

The Trade Desk, therefore, is taking share away from its bigger rivals in the digital ad market. That’s not surprising, as adoption of programmatic advertising within the digital ad space is growing rapidly. Market research firm TechNavio estimates that the programmatic ad market could generate incremental revenue of $725 billion between 2024 and 2028, at an annual growth rate of over 38%.

So, The Trade Desk is at the beginning of a solid growth curve that could help it sustain healthy growth levels for a long time to come. The company’s top line is expected to jump over 26% in 2024 to $2.46 billion, followed by robust growth over the next couple of years as well.

The stock has delivered outstanding gains since going public just over eight years ago, turning a $100 investment into more than $4,100 over this period.

We have already seen how big the digital ad market is and the potential revenue opportunity available in programmatic advertising. As a result, The Trade Desk’s strong growth is likely to continue beyond the next two years, and it could repeat its multibagger performance in the long run as well. This is why it looks like an ideal fit for a million-dollar portfolio.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and The Trade Desk. The Motley Fool recommends C3.ai and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Should You Forget Nvidia and Buy These 2 Millionaire-Maker Stocks Instead? was originally published by The Motley Fool