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Thinking About Buying Nvidia Stock? These AI Stocks Might Be Better Options.

TheMotleyFool

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Thinking About Buying Nvidia Stock? These AI Stocks Might Be Better Options.: https://g.foolcdn.com/editorial/images/735477/artificial-intelligence-ai-on-circuit-board.jpg

Nvidia is soaring on the heels of accelerating growth for AI chips, but the stock is already selling at an expensive valuation of 38 times trailing revenue. But even great companies can be lousy investments if you pay too much.

There are better values out there that could soar over the next several years from accelerating demand in artificial intelligence (AI). Here are two alternative AI stocks I would buy today instead of Nvidia.

After a sluggish year of performance, Amazon (NASDAQ: AMZN) is on the verge of seeing improving growth. A key catalyst is the growing demand for AI services in the Amazon Web Services (AWS) cloud business.

Source Fool.com

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