Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Nvidia's graphics processing units (GPUs) and Superchips are so in demand for cloud infrastructure companies and start-ups like OpenAI that there have been widespread shortages and a spike in prices for Nvidia components like the H100. Nvidia's products have formed the backbone of the computing infrastructure that makes apps like ChatGPT work. But Nvidia won't have this space to itself forever. Competition is coming from the likes of Advanced Micro Devices and Intel , as well as the big tech companies that make up a significant chunk of its customer base like Apple Alphabet , and Meta Platforms , which are working on their AI hardware to reduce their dependency on Nvidia. Nvidia isn't a bad buy right now, but there is some downside risk in the stock since it's jumped nearly 500% since the start of 2023. That was evident when the stock fell 10% on April 19 on little more than fears of a bubble bursting in AI stocks. For investors who want an AI stock that isn't at risk of a bubb
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