NVDA - 2 Artificial Intelligence (AI) Stocks I'd Buy Over Nvidia Right Now

2024-06-22 06:45:00 ET

Nvidia (NASDAQ: NVDA) is a great artificial intelligence (AI) stock. However, it has gotten a bit expensive from a valuation standpoint, which has some investors looking elsewhere for AI investments. I'm in that camp, but fortunately, plenty of AI companies are worth buying right now.

Two that come to mind are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Adobe (NASDAQ: ADBE) . Both companies' shares are trading at reasonable valuations, and both are always fantastic businesses.

Alphabet is better known by its former name, Google. For many years, it has been investing in its AI capabilities, and that is starting to pay off. The most noteworthy area is its generative AI platform, Gemini. Gemini is already being used for multiple purposes, including creating ads for clients, summarizing search results, and assisting developers in writing code.

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