Stocks

2 Top AI Stocks to Buy Now for Potentially Lucrative Returns

Published May 12, 2024

Artificial Intelligence (AI) is no longer just a buzzword but a transformative technology reshaping various industries. Investing in AI could present a significant opportunity for those looking to benefit from the growth potential within this cutting-edge sector. Two stocks, in particular, stand out for their potential to capitalize on the AI boom: Advanced Micro Devices, Inc. AMD and Nvidia Corporation NVDA. In addition, an under-the-radar player, Super Micro Computer, Inc. SMCI, offers a compelling growth narrative.

The Case for AMD

Advanced Micro Devices, Inc. AMD is an American semiconductor leader headquartered in Santa Clara, California. Known for its high-performance computing solutions, AMD makes processors and technologies that are integral to AI advancements. The company's array of products, including microprocessors, motherboard chipsets, embedded processors, and graphics processors, are widely used in servers, workstations, personal computers, and embedded system applications. This diversity positions AMD well to ride the wave of increasing demand for AI computing power.

The Appeal of NVDA

Nvidia Corporation NVDA is another tech giant incorporated in Delaware with its base of operations in Santa Clara, California. NVDA specializes in GPUs for gaming and professional markets, as well as SoCs for mobile computing and the automotive industry. Nvidia's innovations in GPU technology have made it a cornerstone in the AI and machine learning fields, where massive data processing capabilities are required.

Why SMCI Could Be a Smart Pick

Super Micro Computer, Inc. SMCI may not be as widely recognized as AMD or NVDA, but it carries significant merit. Also based in San Jose, California, SMCI designs and builds high-performance server and storage solutions. Its open, modular architecture is well-suited for the high-efficiency and customization needs of AI-driven enterprises and data centers, making SMCI an intriguing prospect for investors eyeing growth in the AI infrastructure space.

As the AI industry continues to grow, companies like AMD, NVDA, and SMCI are well-positioned to deliver impressive returns to savvy investors who foresee the pivotal role AI will play in the future.

AI, investing, growth