Missed Out on Nvidia? My Best AI Stock to Buy and Hold
Of all the "Magnificent Seven" stocks, none have even come close to the gains that Nvidia has posted. The chipmaker's shares have skyrocketed 221% in just the last 12 months (as of Feb. 6). There has perhaps been no bigger beneficiary of the artificial intelligence (AI) boom.
It's understandable if you're worried that you missed the boat on Nvidia. But there's still a reason to remain optimistic. Take a closer look at Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which just might be the best AI stock to buy and hold.
Providing the chips that power AI use cases has been a thriving business, propelling Nvidia's growth. The company's fiscal 2024 third-quarter sales of $18.1 billion were more than triple the year-ago period, demonstrating the strong demand the company is experiencing. Plus, the business is posting a surge in profits.
Source Fool.com
Alphabet Inc. A Stock
With 79 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 2.97% for Alphabet Inc. A compared to the current price of 157.32 €.
