Forget Nvidia: 2 Artificial Intelligence (AI) Stocks With More Upside to Buy Now, According to Wall Street
Nvidia shares skyrocketed 263% over the past year amid a flurry of excitement about artificial intelligence (AI). But Wall Street isn't counting on an encore performance over the next year. In fact, analysts see Amazon (NASDAQ: AMZN) and (NASDAQ: TEAM) as better AI stocks to buy right now.
Specifically, Nvidia carries a median 12-month price target of $850 per share, implying 3% upside from its current price of $823 per share. But Amazon's median price target of $205 per share implies 15% upside from its current price of $178 per share. And Atlassian's median price target of $255 per share implies 22% upside from its current price of $209 per share.
That does not mean Nvidia is a bad investment. Those price targets are educated guesses about what might happen in the next 12 months. Even if Nvidia underperforms during that time period, the stock could still outperform over the next five years. But investors shouldn't fixate on one AI stock. The most prudent way to benefit is to spread money across multiple AI stocks.
Source Fool.com
