Unlocking the Power of Artificial Intelligence: 3 Stocks to Watch
The artificial intelligence (AI) revolution is transforming industries and creating new opportunities for investors. As tech giants and startups alike pour resources into developing AI capabilities, three stocks stand out as attractive buys for the long term.
Nvidia: The AI Infrastructure Leader
Nvidia has been a dominant force in the AI space, with its CUDA software giving it a significant market share in the graphic processing unit (GPU) market. Despite its success, the stock still trades at an attractive valuation, with a forward price-to-earnings ratio of around 31 and a price/earnings-to-growth ratio of approximately 0.98. As large language models continue to advance, Nvidia’s GPUs will remain in high demand, making it a compelling buy.
Alphabet: A Big Tech AI Winner
Alphabet, the parent company of Google, has been quietly building its AI capabilities, including customized application-specific integrated circuits (ASICs) and tensor processing units (TPUs). Its cloud computing unit is growing rapidly, and the company’s use of AI to better understand its users and connect them with advertisers opens up new monetization opportunities. Trading at a forward price-to-earnings ratio of only 19, Alphabet is an attractive buy for those looking to capitalize on the AI trend.
Workday: Riding the AI Wave
Workday, a software-as-a-service (SaaS) company, is just starting to tap into the power of AI. The company has seen strong traction with its AI-powered solutions, such as Recruiter Agent and Talent Optimization, and is looking to aggressively pursue the federal government vertical. With a forward price-to-sales ratio of 7.2 and a forward price-to-earnings ratio of under 31, Workday is an attractively valued stock with significant growth potential.
Don’t Miss Out on the AI Opportunity
If you have $3,000 to invest, consider putting it to work in these three AI stocks. With their strong positions in the AI space and attractive valuations, they could be poised for significant growth in the years ahead.
Leave a Reply