Skip to content

Forget AMD: 2 Artificial Intelligence (AI) Stocks to Buy Instead | The Motley Fool

Forget AMD: 2 Artificial Intelligence (AI) Stocks to Buy Instead | The Motley Fool
These companies are carving out lucrative positions in AI, and you won't want to miss out.

Table of Contents

Chip stocks, particularly those related to artificial intelligence (AI), have seen a significant increase in value over the past year. Advanced Micro Devices (AMD) has outperformed the S&P 500, with a 28% increase in stock value since last June. However, investing in AMD may not be the best option due to its high valuation. Instead, investors may want to consider alternative AI stocks. Two options worth considering are Intel and Amazon. Intel is making a comeback after a slump and is investing heavily in chip manufacturing plants, positioning itself to become a major player in AI chip manufacturing. Meanwhile, Amazon's cloud platform, Amazon Web Services (AWS), is expanding its cloud capacity and has a dominant position in the cloud market, making it a compelling option for investment in AI. Both Intel and Amazon offer more value compared to AMD and are worth considering for investment.

Source

Latest