1 Surprisingly Cheap Artificial Intelligence (AI) Stock
Nvidia (NASDAQ: NVDA) is now one of the largest companies in the world. When it comes to AI stocks, Nvidia tops the list. The company produces the most sought-after component for the AI industry: specialized GPUs (graphics processing units) that allow for the training and deployment of complex artificial models.
Despite a market cap of roughly $3 trillion, Nvidia shares are surprisingly cheap according to one popular metric.
Nearly every AI application used globally today -- whether it's a consumer product like ChatGPT or a neural network used only by a few companies -- leverages cloud computing infrastructure to run. Otherwise, AI developers would need to buy their own infrastructure, adding considerable expense and time. And when it came time to scale up the business, those developers would need to buy even more infrastructure, making scaling up both costly and a long-term project. Cloud infrastructure allows dynamic scaling using rented servers that can operate anywhere.
Source Fool.com
