Stocks

Looking Beyond Nvidia: Two AI Stocks Poised for Opportunity

Published June 10, 2024

Investors often seek opportunities in the realm of technology, particularly within the blossoming field of Artificial Intelligence (AI). While Nvidia Corporation NVDA garners significant attention from investors, thanks to its dominant position in the design of graphics processing units (GPUs) and system on chip units (SoCs) for diverse markets, there are other compelling stocks that may offer better value propositions at present. As market dynamics shift, two notable companies stand out as potentially undervalued investment targets with promising prospects in AI and beyond.

Microsoft Corporation: A Tech Titan Diversifying into AI

When looking for AI stocks with potential, Microsoft Corporation MSFT is difficult to ignore. As an American multinational technology titan, MSFT has significantly expanded its footprint beyond its core software products such as Microsoft Windows, Microsoft Office, and its browsers Internet Explorer and Edge. With its foray into cloud computing and AI through platforms like Azure, MSFT demonstrates a robust and growing AI ecosystem. Furthermore, the company's hardware ventures - including the Xbox consoles and the Surface devices - add to its diversified revenue streams. MSFT's strategic position in the tech industry as one of the Big Five, along with its consistent financial performance, underscore its potential as a sustainable investment.

Intel Corporation: Reinventing Computing Power for AI

Intel Corporation INTC, renowned for pioneering the x86 series of microprocessors, remains at the forefront of semiconductor innovation. Holding the title of the world's largest semiconductor chip manufacturer by revenue, INTC continues to invest heavily in next-generation technologies to fuel AI and data-centric computing. The push towards advanced chip designs capable of handling AI workloads places INTC in a pivotal role as hardware becomes increasingly instrumental in AI applications. With a long-standing legacy in PC market dominance and proactive shifts towards AI and autonomous driving technology, INTC is making strategic strides worthy of investor consideration.

Investment, AI, Technology