Should You Forget Nvidia and Buy These 2 Tech Stocks Instead?

Nvidia (NASDAQ: NVDA) seems well on its way to end another year with stunning gains. Shares of the semiconductor giant have shot up more than 150% so far in 2024 after a stellar performance last year, and there is a good chance that it can continue to fly higher.After all, Nvidia management points out that the demand for its artificial intelligence (AI) chips continues to remain solid, with its upcoming Blackwell processors experiencing stronger demand than supply going into 2025. So, it won't be surprising to see Nvidia delivering phenomenal growth in revenue and earnings next year as well, and that could lead to more stock market upside.However, certain investors may be looking for alternatives to capitalize on the AI boom because of Nvidia's valuation. The stock's earnings multiple of 59 is well ahead of the Nasdaq-100 index's earnings multiple of 32. Though Nvidia's healthy revenue and earnings growth can help justify its valuation, investors with a lower risk appetite may want to look at cheaper options.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool