- Nvidia is set to benefit from AI computing capacity build-out, remaining a top player in the AI market. Investors are eyeing Nvidia, Alphabet, and Meta Platforms as key stocks in the AI arms race.
- Alphabet has rebounded in the AI space, with its generative AI model Gemini integrated into Google Search. Despite fears of AI replacing Google, Search revenue increased 12% in Q2, making Alphabet’s stock undervalued compared to the market.
- Meta Platforms invests heavily in AI for improved ad experiences on social media. Recent news of downsizing its AI division could signal a strategic shift towards long-term benefits. Meta remains a dominant business with substantial cash flows and top AI talent, making it a strong stock pick.
Read more at Nasdaq: 3 Phenomenal Artificial Intelligence (AI) Stocks to Buy Right Now