Missed Out on Nvidia? 2 AI Stocks to Buy Before They Skyrocket
Nvidia emerged as a stock market favorite in 2023 with the ever-surging demand for its artificial intelligence (AI) chips across the world. Shares of this high-performance chip specialist are currently up by 197% so far this year, despite some weakness in the last few weeks.
Nvidia's prowess in accelerated computing has made it a top-notch investment amid the current AI frenzy. But with the company trading at 34 times sales and 107 times trailing earnings, investors will have to pay a premium to participate in this growth story if they do not already own the stock.
Instead, they can choose other AI stocks, such as Super Micro Computer (NASDAQ: SMCI) and Intuitive Surgical (NASDAQ: ISRG), which are less expensive yet have significant long-term growth potential. Here's why they can be attractive picks now.
Source Fool.com
