2 Cryptocurrencies Worth Buying Over AI Stocks Right Now
AI and semiconductor stocks are richly valued, while a couple of the leading cryptocurrencies are just starting to pick up steam.
Overview
As of mid-September, stocks linked to artificial intelligence (AI) have been trading at a high premium for months. For example, Arm Holdings, which provides products and services to AI companies, traded at 120 times forward earnings as of Sept. 18, 432% above the semiconductor industry's median. That rich multiple is doubtlessly a bet that there will continue to be big expenditures on data centers in the name of furnishing AI companies with more computing power to train and run their large language models. That bet could well pay off -- or fall flat, and leave investors with some brutal losses.
For those who prefer to invest in assets with less obvious signs of being expensive, there are at least two cryptocurrencies worth buying instead of AI stocks. Zcash (CRYPTO: ZEC) and Solana (CRYPTO: SOL) are both good alternatives right now.
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Originally published at www.fool.com.