PATH - Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead
2024-06-27 04:55:00 ET
Investors seem to love artificial intelligence (AI) stocks these days, and one of the most adept companies at capitalizing on this trend is Nvidia (NASDAQ: NVDA) . The role that Nvidia's AI chips play in making the technology a reality justifies this excitement to a significant extent.
The problem with investing in Nvidia at this point though is its monstrous size and elevated valuation. At a 39 price-to-sales (P/S) ratio and a $3.1 trillion market cap , one would be right to wonder whether Nvidia can maintain its growth pace.
Fortunately, investors have alternatives as there are other AI stocks available at lower prices and market caps. A quick search should lead investors to Advanced Micro Devices (NASDAQ: AMD) and UiPath (NYSE: PATH) . Let's take a closer look at these two AI stock alternatives.
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Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead