From Nasdaq:

Nvidia benefited from the AI boom in 2023, but investors should diversify by considering Alphabet and Meta Platforms for long-term opportunities. With a market cap of $1.79 trillion, Alphabet is heavily incorporating AI infrastructure into its cloud-computing platform, providing potential for long-term growth and diversification. Meta Platforms is also focusing on generative AI to improve its advertising and consumer-facing platforms after experiencing strong revenue and net income growth.

Both Alphabet and Meta Platforms are expected to perform well in an increasingly competitive AI landscape. Alphabet plans to employ economic moats through its large user data base, while Meta Platforms is betting on generative AI to enhance its processes and customer data. Despite not being among the best stocks to buy, both firms have potential for market-beating growth.



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