Here Is My Top Artificial Intelligence (AI) Stock to Buy Right Now (Hint: It's Not Nvidia)
Semiconductor giant Nvidia (NASDAQ: NVDA) has been on a roll, with shares soaring a mind-boggling 200% last year. Hyperscalers, enterprises, start-ups, and even governments have increasingly focused on adopting accelerated computing solutions to develop advanced artificial intelligence (AI) capabilities.
Not surprisingly, demand for Nvidia's cutting-edge AI chips, networking solutions, and software has soared at an unprecedented pace. Nvidia is a key beneficiary and an enabler of the AI boom. Its full-stack AI platform (hardware, software, and networking solutions) enables clients to rapidly build "AI factories" (essential infrastructure for generating AI-based outputs), which in turn helps expand the AI market.
While all this paints a rosy picture for Nvidia, the company also faces headwinds such as increasing competition, geopolitical tensions, and the risk of self-cannibalization (due to an accelerated pace of rollouts) . On top of all that, the stock trades at over 33 times trailing-12-month sales.
Source Fool.com
