If I Could Buy Only 1 Artificial Intelligence (AI) Stock, This Would Be It
From Nasdaq Inc.:
The stock market is full of companies involved with AI, and picking the right one is essential. Alphabet is a top contender with multiple AI investments, including the new Gemini model. Its cloud computing segment is also poised for growth due to the expected demand for AI-related services.
Despite advertising being its largest business segment, Alphabet’s stock is still reasonably priced, with a forward P/E ratio of 24 times forward earnings. Accordingly, if you invest $1,000 in Alphabet, it’s expected to provide market-beating returns. The stock is one of these best AI investments, but being a mature business, it offers less risk for market-beating returns.
Alphabet is not a pick of The Motley Fool Stock Advisor analyst team, but it doesn’t take away from its strong investment potential. With underappreciated growth and AI potential, it could deliver monster returns. After Keithen Drury has made a position in Alphabet, the Motley Fool, with positions in and recommending Alphabet, agrees, highlighting its strong outlook for providing market-beating returns.
Read more: If I Could Buy Only 1 Artificial Intelligence (AI) Stock, This Would Be It