Forget Nvidia: 2 Brilliant "Magnificent Seven" Artificial Intelligence (AI) Stocks to Buy Hand Over Fist, According to Wall Street
OK, I know what you're thinking.
Forget Nvidia (NASDAQ: NVDA)? The company is the undisputed leader in the artificial intelligence (AI) revolution and the best-performing "Magnificent Seven" stock since early last year. Furthermore, Nvidia generated triple-digit year-over-year growth for three successive quarters and is forecasting another one for the current quarter. I've been bullish on Nvidia for a long time.
You're absolutely right on every one of those counts. And no, I haven't changed my mind. I'm still as bullish on Nvidia as ever. Here's the thing: The stock is selling for 80 times earnings and 39 times sales, and despite its growth trajectory, some investors won't even consider a stock with a valuation of that magnitude, even if the forward multiples of 38 times earnings and 18 times sales are more favorable.
Source Fool.com
