META - 3 AI Stocks not Named Nvidia That Have Doubled This Year
2023-06-22 05:57:00 ET
Nvidia attracted plenty of investor excitement this year thanks to the increased hype surrounding artificial intelligence (AI). That excitement was enough to help it exceed a $1 trillion market cap. But there are several other AI-related stocks doing just as well that have not generated nearly as much fanfare.
Upstart Holdings (NASDAQ: UPST) , MicroVision (NASDAQ: MVIS) , and Meta Platforms (NASDAQ: META) all saw their stocks at least double in value this year (although MicroVision has since dropped down to just an 81% gain in 2023). Let's look at how these three companies can expose your portfolio to the increased interest around AI and see whether any of these stocks are good buys at the moment.
Since the start of 2023, the share prices of Upstart Holdings skyrocketed nearly 140%. But given the stock's 91% losses in 2022, it might be of little solace to investors who have owned the stock since 2021.
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3 AI Stocks not Named Nvidia That Have Doubled This Year