My 3 Favorite Artificial Intelligence (AI) Stocks to Buy Right Now
We may still be in the early innings of the AI revolution, and these companies could be among the biggest winners.
Overview
By now, it's clear that artificial intelligence (AI) isn't just a fad. The technology is infiltrating every industry and sector, and changing several aspects of people's day-to-day lives. The companies leading this revolution, along with their shareholders, could be handsomely rewarded down the line. With that said, here are three AI stocks that I think are among the most attractive to buy right now: Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN).
Image source: the Motley Fool.
Nvidia is at the very center of the AI revolution. The company's GPUs (Graphics Processing Units) are the most important hardware for AI training, and it has kept a large lead in this niche by making GPUs whose raw performance beats that of competitors, not to mention Nvidia's CUDA ecosystem, which provides a wide moat from switching costs. Some investors think Nvidia may not maintain its momentum for much longer, but the fact that AI infrastructure spending continues to grow at a good clip suggests otherwise.
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Originally published at www.fool.com.