My 3 Favorite AI Stocks to Buy Right Now
Each of these companies is enjoying significant tailwinds.
Overview
It's been nearly four years since artificial intelligence (AI) became an investing trend that swept over the stock market. The launch of ChatGPT in November 2022 exposed the world to generative AI. Nvidia followed that up in its May 2023 earnings report by announcing "surging demand" for its AI chips, which triggered an explosion in AI stocks that continues today.
AI is still the major theme, but the focus is much broader than which company can make the best chip. Investors also need to consider companies that provide power systems, computing capacity, storage and memory, land, connectivity, and cooling systems that keep AI operational.
Details
There are dozens of ways to invest in AI today, but my three favorite picks each play an important role in the AI ecosystem. And all have significant tailwinds right now that are worth considering.
Source
Originally published at www.fool.com.