2 Artificial Intelligence (AI) Stocks That Could Beat Nvidia in the Coming Decades
Nvidia (NASDAQ: NVDA) stock has enjoyed a remarkable artificial intelligence (AI)-related surge since the beginning of 2023, and that's not surprising as the company is providing the critical building blocks needed for the proliferation of this technology.
Nvidia's graphics processing units (GPUs) are helping its customers train AI models and deploy them, which explains why there is a huge demand for its chips. As a result, Nvidia's revenue and earnings have been growing rapidly in recent quarters, and the good part is that the company could sustain its impressive momentum as more AI infrastructure is built.
However, concerns are that an eventual slowdown in AI chip demand could negatively weigh on Nvidia's prospects in the long run. That's why investors should consider buying shares of (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META) -- both Nvidia customers -- as these two companies could turn out to be bigger AI beneficiaries than Nvidia decades from now.
Source Fool.com
Microsoft Corp. Stock
With 100 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 404 € shows a slightly positive potential of 6.92% compared to the current price of 377.85 € for Microsoft Corp..
