From Nasdaq: 2024-05-24 05:45:00

Nvidia stock has soared over 20,000% in the past 10 years, making it a millionaire-maker for investors. However, some may find its current valuation too high. Consider investing in Meta Platforms and Oracle instead, as they are cheaper and poised for significant growth opportunities, especially in the cloud-based AI services market.

Meta Platforms’ stock surged 92% in the past year due to its impressive financial performance. The company’s use of AI is driving stronger growth in its ad business, leading to higher returns for advertisers. With forecasted solid growth and a lower valuation compared to Nvidia, Meta Platforms could offer substantial upside for investors.

Oracle’s cloud revenue increased by 25% year-over-year, with a particularly strong demand for its cloud infrastructure services. The company’s use of AI has helped it build a healthy revenue pipeline, indicating strong growth potential. At a cheaper valuation than Nvidia, Oracle could be an ideal pick for investors looking to build a million-dollar portfolio.



Read more at Nasdaq: Forget Nvidia: Consider These 2 Millionaire-Maker Stocks to Buy Instead