Investors are recommended to consider Intel and Oracle over Nvidia for AI stock investments.

From Nasdaq: 2024-07-09 04:15:00

1. Nvidia (NASDAQ: NVDA) saw a 150% surge in the first half of the year with triple-digit earnings growth. A 10-for-1 stock split brought the stock price down, making it an attractive buy due to its dominance in the AI chip market.

2. Intel (NASDAQ: INTC) is making strides in AI with new products like the Gaudi 3 chip. The company aims to become a major player in chip manufacturing and offers a cheaper alternative to Nvidia, with potential for strong revenue growth.

3. Oracle (NYSE: ORCL) is gaining ground in the cloud market, surpassing license support revenue with cloud sales. The company’s variety of cloud services and lower prices are attracting AI customers, leading to significant revenue growth and a favorable forward earnings estimate of 23 times.

4. Still cheaper is a superior buy than Nvidia:
Intel company is set to serve the AI market and break out from the shadow of Nvidia even if it does not reach Nvidia’s level of performance.

5. Before investing, consider:
The 10 best stocks might not include Intel and Nvidia; however, they could produce substantial returns. Stock Advisor offers guidance on building a successful portfolio. John Mackey of Whole Foods Market, an Amazon subsidiary, is on The Motley Fool’s board of directors.



Read more at Nasdaq: Forget Nvidia: These 2 AI Stocks Are Better Bargain Buys Right Now.