AI stocks were a major market driver in 2024 and are expected to continue leading in 2025
From Nasdaq: 2024-12-21 05:55:00
- In 2024, artificial intelligence (AI) stocks were a major market driver, and they are expected to continue leading the charge in 2025. Three attractively valued AI stocks are highlighted as potential buys for the upcoming year.
- Nvidia (NASDAQ: NVDA) is a key player in the AI infrastructure buildout, with GPUs powering large language models and AI inference. The company’s dominant position in the GPU market has led to explosive revenue growth and attractive valuation metrics for investors.
- Taiwan Semiconductor Manufacturing (NYSE: TSM) is benefiting from the demand for AI chips and is set to benefit from hardware upgrades for AI applications. The company’s strong market share and pricing power make it an attractive investment option with solid growth potential.
- Alphabet’s (NASDAQ: GOOGL, GOOG) cloud computing unit, Google Cloud, has been a significant winner in the AI space, showing strong revenue growth and profitability. The company’s innovative AI tools and quantum computing breakthroughs position it as a leader in the tech industry, making it a compelling investment opportunity.
Read more at Nasdaq: 3 No-Brainer AI Stocks to Buy Right Now