Nervous About AI Spending? Buy the Stocks of These 3 Tech Giants.
These AI stocks sell for low valuations relative to their growth rates.
Overview
The sheer amount of capital expenditures (capex) spending on artificial intelligence (AI) has made investors nervous. So high is the spending that cash-rich companies such as Amazon will spend $200 billion in capex this year alone and have issued bonds to help cover the costs.
Understandably, this makes investors nervous, as a poorly conceived AI strategy could cost even the most stable tech companies massive amounts of cash. Fortunately, three megatech companies continue to stand out as being less risky, meaning the tech stocks can likely prosper in nearly any circumstance.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.