From Nasdaq:

Interest in artificial intelligence (AI) has driven stock market gains since OpenAI’s ChatGPT release in November 2022. Nvidia and Super Micro Computer stocks soared over 410% and 1,100%, respectively. Despite high valuations, Google parent Alphabet and Taiwan Semiconductor offer exciting AI-driven growth potential. TSMC’s CEO sees increasing demand for AI chips, positioning the company for future success.

Alphabet’s strategic integration of AI in advertising products showcases its forward-thinking approach. The company’s commitment to AI-driven tools and platforms, as highlighted in the fourth-quarter call, positions it as a leader in consumer-facing online services. With modest stock gains and a PE ratio of 23, Alphabet remains undervalued despite its pivotal role in advancing AI technology. The company’s innovations in making AI tools accessible to a broader range of advertisers set it up for future growth.

In the midst of the AI boom, investors can tap into Alphabet and Taiwan Semiconductor’s potential for sustained growth. Alphabet’s AI-focused approach to advertising and modest stock gains suggest an underappreciated upside. TSMC’s pivotal role in producing AI chips for industry leaders like Nvidia positions it as a key player in the AI revolution. Both companies offer opportunities to benefit from the ongoing AI explosion.



Read more at Nasdaq: Ready to Invest in Artificial Intelligence (AI)? 2 Nvidia Alternatives