Looking back on 2023, this will likely be remembered as the year artificial intelligence (AI) came of age. There have been plenty of headlines introducing tales of productivity gains made possible by recent advances in generative AI. Those gains have come from the ability of these algorithms to create original images and content, summarize and draft emails, perform business analytics, and even draft and correct computer code. That has led to a virtual stampede of businesses trying to integrate these tools so they too can benefit from the AI revolution.

For all the potential, there have been very few sure things for AI-focused investors. Nvidia has been one of the few clear from this trend, as its graphics processing units (GPUs) are a critical component in the development of these next-generation AI systems. And yet the triple-digit revenue growth in the most recent quarter has put some investors off because of Nvidia's soaring valuation.

There are very few other clear options for winners among the AI-related stocks -- until now.

Continue reading

Source Fool.com