2 monster AI growth stocks to buy before they join Microsoft and ...
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Nvidia Corp (NASDAQ: NVDA) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) delivered what can only be described as monster returns for shareholders over the last five years. The stocks surged 2,490% and 195%, respectively, while the S&P 500 Index (SP: .INX) advanced a mere 80%.
Nvidia: A Potential $3 Trillion Company
Nvidia could be a $3 trillion company by the end of 2024. The chipmaker holds a significant market share in data center GPUs and AI processors, positioning it well to capitalize on the growing AI infrastructure investments by businesses. With strong growth projections, Nvidia's current valuation makes a $3 trillion milestone seem attainable.
Market Dominance and Growth Potential
Nvidia's GPUs are industry-standard for complex data center workloads like artificial intelligence. With increasing demand for AI-related infrastructure, Nvidia stands to benefit significantly. The company's innovative products like Blackwell GPUs are driving growth and could propel Nvidia to a $3 trillion valuation by 2026.
Alphabet: Targeting $3 Trillion Valuation by 2025
Alphabet, with a market capitalization of $2.1 trillion, is well-positioned to achieve a $3 trillion valuation by the end of 2025. The company's investments in AI product development, adtech solutions, and cloud infrastructure are expected to drive growth and earnings in the coming years.
Technological Advancements and Market Opportunities
Alphabet's AI-driven innovations in Google Ads and cloud computing services are enhancing its market position and attracting developers to Google Cloud. With a focus on AI solutions and a relatively inexpensive valuation, Alphabet has the potential to reach $3 trillion and beyond in the near future.
Investors looking for growth opportunities in the AI sector should consider Nvidia and Alphabet as potential investment targets before they potentially join the elite $3 trillion club alongside Microsoft and Apple.
