Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Over a year has passed since OpenAI launched ChatGPT, the general start of the boom in AI, and the industry has shown no signs of slowing. In fact, according to data from Grand View Research, the AI market is projected to expand at a compound annual growth rate of 37% through 2030, which should see it hit close to $2 trillion in spending. Chipmaker Nvidia (NASDAQ: NVDA) has taken much of the spotlight in AI, as its graphics processing units (GPUs) have become the go-to for developers worldwide. Its shares are up 220% since last May, achieving the world's third-highest market cap (after Microsoft and Apple However, it could be worth investing in companies at earlier stages in their AI ventures, as they could provide bigger gains in the coming years. So, forget Nvidia and consider buying these two artificial intelligence stocks instead. 1. Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) stock has climbed 72% in the last year, benefiting from sympathy growth connecte
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