Three AI stocks under $200 per share (Broadcom, Qualcomm, Alphabet) show potential for growth

From Nasdaq: 2024-09-02 06:03:00

AI stocks have been soaring in the current bull market, with businesses expected to spend $631 billion on AI by 2028 and $1.3 trillion by 2032. While many AI stocks are now pricey, here are three affordable options under $200 per share: Broadcom ($163/share), Qualcomm ($175/share), and Alphabet ($165/share). Broadcom specializes in valuable semiconductors, while Qualcomm benefits from strong demand for smartphone chips. Alphabet’s core search and advertising business is bolstered by AI growth and cloud computing services. With forward P/E ratios ranging from 15.5 to 27.7, these stocks look like solid investments.

Investing in Broadcom offers potential for growth, as the chipmaker recently completed a 10-for-1 stock split and has a diverse portfolio supporting AI infrastructure. Qualcomm, known for its Snapdragon chips, is well-positioned in the smartphone market and stands to benefit from AI PC chip trends. Alphabet, with its dominant search engine and cloud computing unit, sees AI driving growth in its cloud services. With forward P/E ratios between 15.5 and 27.7, these AI stocks present solid opportunities for investors.



Read more at Nasdaq: 3 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $200 Right Now