Better Artificial Intelligence (AI) Stock: Nvidia vs. Alphabet
The artificial intelligence (AI) industry exploded last year, with excitement over the technology unlikely to dissipate in 2024. According to Grand View Research, the AI market is projected to expand at a compound annual growth rate of 37% until at least the end of the decade, which would see it surpass a value of $1 trillion.
There's no better time to consider investing in the booming sector and potentially profiting from its long-term growth. Two of the most attractive options are Nvidia (NASDAQ: NVDA) and (NASDAQ: GOOG) (NASDAQ: GOOGL). These companies are developing the hardware and software fueling the AI market's growth, and could deliver stellar gains over the next decade.
Let's take a closer look at these companies and determine whether Nvidia or Alphabet is currently the better AI stock.
Source Fool.com
Alphabet Inc. A Stock
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 334 € there is a slightly positive potential of 8.16% for Alphabet Inc. A compared to the current price of 308.8 €.
