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In June, investors looking to buy artificial intelligence (AI) stocks might find themselves overwhelmed with options. However, three stocks stand out as magnificent choices.
First, Nvidia (NVDA) has seen a 180% increase in shares over the past year and is set to launch the Blackwell GPU platform, which is expected to be the most powerful AI architecture ever. Amazon (AMZN) has also seen a 45% increase in shares and is expected to benefit from the generative AI explosion, as well as its own internal use of AI to boost profitability. Lastly, Meta Platforms (META) has seen a gain of over 75% in the last 12 months and has a lower price-to-earnings-to-growth (PEG) ratio than other Magnificent Seven members, making it an attractive option for investors. These companies are expected to continue delivering strong growth and returns for investors in the long term.
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