In the current bull market dominated by artificial intelligence (AI), many AI stocks have soared, with Nvidia leading the pack with a 1,330% increase in market capitalization. Salesforce, Alphabet, and TSMC offer attractive investment opportunities due to their essential AI tools and low prices relative to future growth potential.
Salesforce, trading at around $260 per share, has seen significant success with its AI product, Agentforce, generating over $100 million in revenue from 8,000 contracts. With a focus on profitability, Salesforce is positioned for double-digit earnings growth and remains a leader in agentic AI development.
Taiwan Semiconductor Manufacturing (TSMC) is the largest contract chip fabricator globally, benefiting from scale and leading technology. With a 39% revenue growth driven by AI demand, TSMC remains an attractive investment option at $229 per share, with a forward P/E ratio of 24.
Alphabet, the parent company of Google, has successfully integrated AI into products like Google Search and Google Cloud, leading to revenue growth. With a forward P/E of just 19 and strong potential in Google Cloud and self-driving car service Waymo, Alphabet offers long-term investment opportunities at a price of $181 per share.
Read more at Nasdaq: 3 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $300 Right Now