7 Promising AI Stocks Worth Investing in Following Nvidia

by | Sep 8, 2023 | Backdoor Roth IRA | 10 comments

7 Promising AI Stocks Worth Investing in Following Nvidia




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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps….(read more)


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7 AI Stocks to Consider Investing in Following Nvidia’s Success
Artificial Intelligence (AI) has been one of the hottest sectors in the stock market as technology continues to evolve and reshape various industries. In recent years, Nvidia has dominated the AI space, but for investors looking to diversify their portfolios, there are several other AI stocks worth considering. Here are seven AI stocks to buy after Nvidia, each with their own unique potential.

1. Alphabet Inc. (GOOGL)
As the parent company of Google, Alphabet Inc. has positioned itself as a leader in AI research and development. Its Google Brain division has been making significant advancements in deep learning algorithms and neural networks. Additionally, Google’s AI-powered products, such as Google Assistant and Google Home, continue to gain market share, providing Alphabet with a strong foundation in the AI market.

2. Microsoft Corporation (MSFT)
Microsoft has been expanding its AI capabilities with its Azure cloud platform and Cognitive Services. These offerings provide developers and businesses with AI tools and applications to enhance their products and services. Microsoft’s commitment to AI is evident through its acquisition of AI-focused companies like Bonsai and Maluuba, further solidifying its position as a serious player in the AI space.

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3. Amazon.com, Inc. (AMZN)
Amazon is another major player in the AI arena. Its AI-powered virtual assistant, Alexa, has become synonymous with smart home technology. Amazon has been actively investing in AI startups, such as Graphiq and Orbeus, to strengthen its AI capabilities. With its vast infrastructure and customer base, Amazon is well-positioned to leverage AI for its e-commerce and cloud computing services.

4. International Business Machines Corporation (IBM)
IBM has a long history of involvement in AI research, dating back to the early days of computing. The company’s Watson AI platform has gained recognition for its capabilities in natural language processing, machine learning, and data analytics. IBM also offers AI-powered solutions for various sectors, including healthcare, finance, and supply chain management.

5. NVIDIA Corporation (NVDA)
Despite being the inspiration for this list, Nvidia continues to be an attractive AI stock. The company’s Graphics Processing Units (GPUs) have long been an essential component in AI training and deep learning processes. Furthermore, Nvidia is expanding into autonomous vehicles, robotics, and data centers, solidifying its position as a key player in the AI industry.

6. Facebook, Inc. (FB)
Facebook may be primarily known as a social media giant, but the company has invested heavily in AI research and development. Its AI initiatives focus on improving user experiences, such as facial recognition and content recommendation algorithms. Facebook’s acquisition of companies like Wit.ai and Ozlo further demonstrates its commitment to developing AI technology.

7. Tesla, Inc. (TSLA)
While renowned for its electric vehicles, Tesla has also emerged as a leader in AI-driven autonomous driving technology. Its self-driving capabilities heavily rely on AI algorithms and sensor data analysis to navigate roads efficiently and safely. As the demand for self-driving vehicles continues to rise, Tesla stands to benefit from its investments in AI.

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As with any investment, it’s important to conduct thorough research and consider your own risk tolerance and investment goals before buying any stocks. While Nvidia has been a dominant force in the AI space, these seven companies offer unique opportunities to benefit from the AI revolution. As AI technology continues to advance, these stocks have the potential for substantial growth and significant returns for investors.

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10 Comments

  1. Walker956

    Ape into those apes.

  2. brandy

    <I've about 5% of my portfolio in uranium stock, any advice on any other stock that I can grow my $300k capital to a million dollars?

  3. Crafty Hands Art

    Coding school?! You, sir, are a wonderful dad!

  4. Rob Sham

    Ready Player 2. AMD

  5. Thomas Oesch

    What have you heard about GROY

  6. George Sand

    I have a bunch of Invitae, too, buying more when it dropped. Motley Fool said to sell it, quite a ways back, but when you something is just dropping like a rock of a cliff, it's hard to believe that it isn't worth a quarter of the original price, or less. I think M.F. said that new competitors emerged, regarding Invitae. Anyway, I keep praying that people finally see some value in it, but at some point, you start to wonder if the crowd doesn't know best, with the dump & run strategy. It just seems so mean, to the company, for everyone to suddenly act like the yh are so totally worthless.

  7. Itinerary Guy

    Buying BRK – is not just the publicly traded portfolio that they have it is also private companies they own. So Apple is not really 50% of BRK.B.

  8. Udit Mehrotra

    What are invitae's chances of going to 0? Today it crashed by another 15%.Their management takes no responsibility or comes out with any statement to pacify investors who have lost more than 95% in their company. Rather they continue selling at $1 prices and resign. Cathy wood was calling this stock undervalued when it was at $30 and now when stock has crashed below $1 she is mute.

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