1 AI Growth Stock to Buy, and 1 to Avoid
While artificial intelligence is likely to be a revolutionary technology, not all AI companies are created equal. Paying too high a price for an AI stock that shows a lot of promise can lead to poor results, even if the company does well in the long run.
One AI stock that looks like a great deal is cloud computing provider DigitalOcean (NYSE: DOCN). On the other hand, Cloudflare (NYSE: NET) stock appears far too expensive to take seriously, even though the company has plenty of AI potential.
Until recently, cloud computing provider DigitalOcean was entirely absent from the AI computing market. Training advanced AI models requires AI accelerators like GPUs, and DigitalOcean's platform doesn't offer that option. The company purposely keeps its product catalog simple, resisting the urge to pile on services that make its platform harder to use.
Source Fool.com
