Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Now
Nvidia's (NASDAQ: NVDA) dominance in the artificial intelligence (AI) chip market has helped the company's earnings skyrocket in recent years. The tech giant makes the world's most powerful graphics processing units (GPUs), which fuel key AI tasks such as the training and inferencing of models. This has prompted investors to flock to Nvidia, pushing the shares to a gain of nearly 600% over the past three years.
In fact, Nvidia's stock rose so high -- well past $900 -- that the company recently executed a stock split to bring the price down and make the shares more accessible for employees and investors.
And Nvidia's growth opportunity isn't over, as the AI story is just getting started, meaning high demand should continue. Analysts predict the AI market will surpass $1 trillion by the end of the decade.
Source Fool.com
