Ignore Nvidia: Here Are 3 Better Stocks
Nvidia (NASDAQ: NVDA) is often seen as the poster child of the artificial intelligence (AI) investment movement, and for good reason: It's been a stellar performer in 2023. However, it has a lot of expectations built into the stock and is quite expensive compared to other promising investments.
So, instead of Nvidia, take a look at these other three stocks as potential portfolio-changing AI investments.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is Google's parent company and has several investments within the AI space. However, it will see the most benefit in its Google Cloud division. Cloud computing is a great way for companies to develop AI models, as they can rent the computing resources rather than purchase them themselves. With Google Cloud specialized for many AI models (70% of generative AI companies valued over $1 billion use Google Cloud), it's a logical choice compared to others.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 85 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 8.14% compared to the current price of 163.68 € for Alphabet Inc. A.
