From Nasdaq: 2024-07-09 14:15:00

The artificial intelligence boom continues as Nvidia’s FY26 sales estimates climb to $204 billion, a massive increase from previous years. Other big tech companies investing in AI infrastructure are benefiting Nvidia, making it a solid investment along with Dell Technologies and Advanced Micro Devices.

Nvidia’s stock is the top choice for AI exposure, with its GPUs being essential for tech companies. With consistent earnings upgrades and a growing market share, Nvidia’s stock has strong momentum and potential for new highs in the near future.

With a Zacks Rank #1 rating and continuous earnings upgrades, Nvidia’s upward trending earnings revisions support investor confidence. At 50.7x forward earnings, Nvidia’s valuation is high but justified by its impressive growth forecasts.

For investors seeking alternatives to Nvidia, Dell Technologies and Advanced Micro Devices show promise. Dell Technologies has a Zacks Rank #1 and is positioned for a major breakout, while AMD has strong growth estimates and positive momentum despite a Zacks Rank #3.

Investors looking to capitalize on the AI boom can also consider other stocks like Dell Technologies and Advanced Micro Devices. Both companies offer growth potential and positive momentum in the AI industry, providing alternative options for investors concerned about Nvidia’s high valuation.



Read more at Nasdaq: 3 Reasons Why Nvidia Stock is Still a Buy Right Now