88% of Nvidia's Portfolio Is Invested in These 3 Artificial Intelligence (AI) Stocks
Can these AI stocks deliver life-changing returns?
Overview
Nvidia (NASDAQ: NVDA) is one of the leading artificial intelligence (AI) companies in the world, but is the semiconductor specialist as good at picking AI stocks as it is at building GPUs? Nvidia's public equity portfolio includes several companies that are capitalizing on the AI boom, and three of them, Space Exploration Technologies (NASDAQ: SPCX), CoreWeave (NASDAQ: CRWV), and Intel (NASDAQ: INTC), make up almost 88% of the portfolio. Are these AI stocks retail investors should also consider buying?
Image source: The Motley Fool.
SpaceX conducted the largest IPO in history in June. The company is best-known for revolutionizing the space travel industry. But its biggest opportunities are in the AI sector, or at least, that's what the company itself believes. SpaceX's CEO, Elon Musk, recently said that within five years, AI will account for the overwhelming majority of the company's value. SpaceX is projecting $1 trillion in revenue by 2030, a substantial portion of which will presumably come from AI.
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Originally published at www.fool.com.