2 AI Stocks Up Over 30% This Year Have More Upside in Them
There will be a lot of also-rans in the artificial intelligence (AI) market, but investors don't need to take chances on risky start-ups. The large tech companies offer the safest way to invest in the growth of AI while still realizing market-beating returns.
(NASDAQ: MSFT) and Google's parent company Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are great AI stocks to consider. These companies have billions in cash to invest in new technologies to drive demand for their services.
Microsoft share prices are up 40% year to date, while Alphabet stock jumped 35%. These companies have been investing in AI for several years and are in a good position to benefit from the growing demand for this technology, but their stocks are still fairly valued. Microsoft trades at a forward price-to-earnings (P/E) ratio of 35, while Alphabet shares trade at 22 times expected earnings.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 114 Buy predictions and 3 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 14.87% for Microsoft Corp. compared to the current price of 369.1 €.
