1 AI Stock Outpaced Nvidia by Nearly 300%; Is It Still a Strong Buy?
Companies like , Microsoft, and Nvidia soak up a lot of attention in the artificial intelligence (AI) race -- the first two because they invest in public-facing products, like ChatGPT (Microsoft) and the generative AI chatbot Gemini (Alphabet). And in the case of Nvidia, that's due to its indispensable chips and the stock's incredible performance.
But don't forget about what is behind the curtain. A number of smaller, lesser-known companies also play key roles in AI development. Let's learn about one of them.
Nvidia's recent success is due to its data center revenue, which reached $22.6 billion last quarter, an astounding 427% year-over-year growth rate. Why are data centers such a big deal? Data centers are critical infrastructure that store, manage, and process vast amounts of information. They enable cloud-based applications, e-commerce, and much more.
Source Fool.com
Alphabet Inc. C Stock
With 27 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 170 € shows a slightly positive potential of 7.21% compared to the current price of 158.56 € for Alphabet Inc. C.
