From Nasdaq: 2025-01-18 04:22:00

The interest in AI stocks has put Nvidia in the spotlight, but the global AI industry offers many opportunities. Lam Research, a key player in AI chip manufacturing, stands out for its equipment that enables smaller and more efficient chip designs. With a P/E ratio of 24 and 16% annual growth, Lam Research is a smart buy.

Taiwan Semiconductor Manufacturing dominates chip fabrication, making it crucial for the AI industry. With a PEG ratio of 1 and estimated 31% annual earnings growth, the stock offers compelling value. Despite geopolitical risks, Taiwan Semiconductor’s expertise in complex chip design positions it for continued growth.

Alphabet, Google’s parent company, is a versatile AI player with investments in cloud computing, autonomous vehicles, and quantum computing. With an expected 16% annual earnings growth and a P/E ratio of 25, Alphabet is a strong AI stock pick. The company’s resources and innovation make it well-positioned for future AI markets.

Investors seeking AI stocks beyond Nvidia can look into Lam Research, Taiwan Semiconductor Manufacturing, and Alphabet for growth potential. These companies offer diverse opportunities in the expanding AI industry.



Read more at Nasdaq: 3 Top AI Stocks to Consider Right Now (Hint: Nvidia’s Not One)