The Only 2 Artificial Intelligence (AI) Stocks I'd Buy With $1,000 Today and Never Sell
I have been loading up on Iren and Netlist for more than a year, and I'm not stopping anytime soon.
Overview
When I invest in artificial intelligence stocks, I look for low-market-cap companies with high revenue growth. That basic formula points me toward growth stocks that haven't yet become household names. That strategy explains why these two AI stock picks are among the largest positions in my portfolio. If you have $1,000 (or more) that you're ready to put to work in the stock market today, they're worth a look.
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Iren (NASDAQ: IREN) builds AI data centers that provide critical compute for hyperscalers. It has already signed long-term deals with Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and various AI enterprises. That customer validation and Iren's knack for building AI data centers on time position it as one of the top neoclouds.
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Source
Originally published at www.fool.com.