Investing Opportunities in Leading AI Companies Beyond Nvidia in 2024
Investing Opportunities in Leading AI Companies
Savvy investors can do better than doubling down on the richly priced Nvidia stock. Explore a few other core technologies powering the AI revolution and their untapped investment potential. While Nvidia (NASDAQ: NVDA) might be the poster child for the business side of artificial intelligence (AI), the true depth of this technological revolution lies in its vast ecosystem. In this arena, many players contribute to AI's expanding horizon from very different angles.
Lam Research: Dominating Key Technology Inflections for AI Chips
- Billy Duberstein (Lam Research): Semiconductor capital-equipment player Lam Research makes the critical equipment that enables foundries to make advanced AI chips. The company is poised for powerful earnings growth amidst tech inflections in logic and DRAM chips along with an eventual NAND flash recovery.
Micron Technology: Meeting the Demand for Memory Chips in AI Systems
- Anders Bylund (Micron Technology): Powerful AI systems require significant memory chips, presenting a growth driver for Micron in the coming years. The company sees value in the AI frenzy and is set to soar as the AI mania unfolds.
Oracle: Partnering with Nvidia for Cloud Computing Success
- Nicholas Rossolillo (Oracle): Oracle's cloud-infrastructure segment, powered by Nvidia chips, is driving the company's growth. Offering an opportunity to access Nvidia's success at a relative value for investors considering AI investments.
In conclusion, savvy investors can explore diversified AI insights and compelling investment ideas beyond Nvidia for potential long-term gains.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.