Top Ai Stocks To Buy

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Top Ai Stocks To Buy

Top 2 AI Stocks To Buy Right Now

The market is full of strong AI stocks. So, it is only natural to feel confused about which one to choose from the US market. According to research, the AI infrastructure build-out is not going to slowdown till 2030.

So, there's a lot of money to be made by investing in the right AI stocks. With that in mind, we have picked Nvidia and Amazon as the best AI stocks you can buy in the US market.

Nvidia

When we talk about AI and chips, the one name that comes at the top is Nvidia. It is the main engine of the AI build-out. Without Nvidia's chips, the AI revolution we see today wouldn't have been possible.

The GPUs from Nvidia are used in AI data centers all over the world. Even today, Nvidia is the largest company in terms of market cap.

Looking ahead, analysts think Nvidia is set to see incredible growth. A quick look at the recent quarter shows the revenue is up by 85%. So, Nvidia is doing all the right things, and the rising revenue figure proves it.

Analysts think the data center capital expenditures will jump to $3 trillion - $4 trillion by 2030. This shows that buying the Nvidia stock today is the right long-term move.

Even if the Nvidia stock looks expensive today, the future earnings will make it look reasonably valued in no time. In fact, the forward P/E of Nvidia stock is actually way better than many other companies.

Amazon

The first thing that comes to mind after hearing Amazon is its e-commerce business. However, Amazon also has a highly profitable cloud computing business called AWS.

Cloud computing is now also used by AI companies to run and train their AI models. So, that's a massive market which Amazon has captured because of AWS's strong market position.

In fact, almost 50% of the company's operating profits came from Amazon Web Services (AWS). The Q1 revenue is up by 28% y/y, which is quite good when we look at the last 4 years' average.

The demand for cloud computing is only going to rise in the next few years. Amazon is ready to capture that market, as it is planning capital expenditures of $200 billion on data centers.

You can expect massive growth in AWS in the next few years. As an investor, you can capitalize on that demand by buying Amazon stock.

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