Here Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now ...
Looking for undervalued opportunities in the AI boom? Check out this trio of big AI winners that haven't popped up on Wall Street's radar screens yet.
Nvidia: AI Stock Performance
Nvidia, a leading AI hardware designer, has seen an impressive 848% 2-year total return. However, some investors believe the stock may have soared too high, too fast.
IBM: A Strong AI Investment
IBM has shown a 58% 2-year total return and stands out as a promising AI investment option. With a price-to-free cash flow of 15.8 and a forward price-to-earnings ratio of 20.0, IBM presents itself as a compelling choice in the AI sector.
Micron Technology: An Undervalued Gem
Micron Technology boasts a 70% 2-year total return, despite trading at 900 times free cash flows and 146 times trailing earnings. The company's forward-looking valuation indicates it is currently undervalued, especially with positive sales growth and improved profitability forecasts.
Fiverr International: Quietly Building Revenue Streams
With a -18% 2-year total return, Fiverr International might seem overlooked by some investors due to concerns about generative AI impacting the company's freelancers. However, Fiverr and IBM are both quietly establishing significant revenue streams in the AI space, making them strong contenders for AI investments.
Data collected from YCharts and Finviz on Nov. 21, 2024.
While Nvidia has been a standout performer in the AI market, IBM and Fiverr International offer unique opportunities for investors looking to tap into the growing AI industry from different angles. Micron Technology, despite its seemingly high valuation ratios, presents a compelling case for long-term value investors.
As the AI sector continues to evolve, these top AI stocks could offer substantial growth potential for investors looking to capitalize on the AI revolution.
