From Nasdaq: 2024-06-10 06:30:00

Nvidia’s stock value has skyrocketed by 3,400% in the last five years, with a 200% increase in the last 12 months due to its strong presence in artificial intelligence (AI) technology. CEO Jensen Huang has invested in other AI companies like SoundHound AI, set for significant growth with a 53% sales increase anticipated this year.

Alphabet, parent company of Google, is attracting billionaire investors’ interest, as AI technology poses a threat to Google’s search business while offering potential for future profit. Google’s access to proprietary data from its search engine and other platforms gives it an edge in training AI models. The company is investing heavily in AI to stay competitive.

Investing in Alphabet now may not be the best move, as the Motley Fool Stock Advisor team has identified other stocks with greater potential for returns. The service has a history of outperforming the S&P 500, offering investors a blueprint for success and providing regular updates and stock picks. Past recommendations like Nvidia have resulted in significant returns for investors.



Read more at Nasdaq: Billionaires Are Buying These 2 Artificial Intelligence (AI) Stocks Hand Over Fist