2 Stocks to Take Advantage of the AI Revolution
While the artificial intelligence (AI) hype cycle has driven some stock prices through the roof, others have only seen a modest gain or none at all. But some of these companies will still benefit from AI and should be considered alternative plays that allow investors to avoid overpaying for stocks with real upside.
Two companies that meet this description are Taiwan Semiconductor Manufacturing (NYSE: TSM) and DigitalOcean Holdings (NYSE: DOCN). I think each is a great buy right now because they haven't seen the incredible AI run-up that others have. Read on to find out more about these two solid investments.
It takes a lot of computing power to create AI models, which means customers will have to beef up their infrastructure with the latest graphics processing units (GPUs) from Nvidia or . With Nvidia's stock drastically overvalued from the demand surge and AMD not as concentrated in AI, they might make for OK investments, but not as good as Taiwan Semiconductor.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 1 Sell predictions.
With a target price of 178 € there is a slightly positive potential of 16.95% for Advanced Micro Devices Inc. compared to the current price of 152.2 €.
