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07.09.2024 12:45:00

There's No Denying It; Nvidia Is on a Historic Run, but Here Are 2 Tech Stocks I'd Buy Instead

There isn't a stock on the market that has been talked about more in the past two years than Nvidia (NASDAQ: NVDA). The rise of artificial intelligence (AI) has made Nvidia's graphics processing units (GPUs) one of the most sought-after products because of their role in training AI.It has also made Nvidia one of the hottest stocks on the market. From September 2022 to the start of September 2024, its stock rose over 750% -- 18 times more than the S&P 500's gains over that span. That's not an easy feat for a company whose market cap was around $300 million at the time.Nvidia has also posted financial results to back this hype, increasing revenue and operating income by 122% and 174%, respectively. The praise is well deserved. That said, there are two companies that I'd be more likely to invest in at this point because there seems to be more long-term certainty around their businesses.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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