SYM - Forget Nvidia: 2 Artificial Intelligence (AI) Stocks That Could Also Make You Rich
2023-12-15 09:15:00 ET
If there has been an overarching investment theme in 2023, it has probably been artificial intelligence (AI) . Ever since the conversational chatbot ChatGPT launched in late 2022, tech giants have been scrambling to incorporate the newest AI technology into their business models while investors have been bidding up shares of the companies they believe will be most successful in capitalizing on it.
So far, chipmaker Nvidia has been one of the biggest winners in this hype cycle. But under-the-radar AI investments like Advanced Micro Devices (NASDAQ: AMD) and Symbotic (NASDAQ: SYM) could soon have their chance to shine. Let's explore why these stocks could make excellent additions to your investment portfolio.
Graphics processing units (GPUs) and other types of computing hardware are the unglamorous backbones behind many of our favorite consumer-facing technologies, and artificial intelligence is no exception. While Nvidia currently dominates the market for the most powerful AI-capable chips, Advanced Micro Devices is hot on its heels and debuting impressive offerings of its own. And this could hugely benefit its long-term investors.
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Forget Nvidia: 2 Artificial Intelligence (AI) Stocks That Could Also Make You Rich