24.11.2024 13:45:00
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Here Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now (Hint: Nvidia's Not on the List)
It's nearly impossible to read or listen to anything even remotely related to artificial intelligence (AI) and not find a reference to Nvidia. The company's graphics processing unit (GPU) chipsets are perhaps the single most important piece of architecture used in generative AI.Don't believe me? Industry research suggests that Nvidia held 98% of GPU shipments over the last two years; meanwhile, Jon Peddie Research estimates that Nvidia owns 88% of the GPU market. With a stat line like this, is it fair to say that Nvidia is the best AI opportunity out there? Maybe.But considering shares of Nvidia have gained more than 800% over the last two years, I'm inclined to think the music is going to slow down at some point. Below, I'm going to outline two AI opportunities that I think are poised to break out over the next several years and give Nvidia a run for its money. Let's dig in!Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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