1 Artificial Intelligence (AI) Growth Stock With More Upside Than Nvidia to Buy Now, According to Wall Street | The Motley Fool
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Artificial intelligence (AI) has been called the fourth industrial revolution, with the potential to improve productivity and create wealth for investors. Many analysts see Alphabet as a top AI stock with more upside potential than Nvidia. Wall Street analysts have given Alphabet a consensus price target of $164.50 per share, implying a 15% upside, while Nvidia has a consensus price target of $650 per share, implying a 6% downside. Despite a strong financial performance with revenue increasing 13% year over year to $86.3 billion, Alphabet's stock declined due to weaker-than-expected results in Google advertising, despite a 52% increase in GAAP net income.
Artificial intelligence (AI) has been called the fourth industrial revolution, with the potential to improve productivity and create wealth for investors.
Alphabet dominates the market for machine learning processors and has extended its focus into networking equipment, subscription software, and cloud services. Wall Street analysts see Alphabet as having more upside potential than Nvidia, with a consensus price target of $164.50 per share compared to Nvidia's $650 per share. Building a basket of AI stocks is said to be the most prudent course of action for investors.
Alphabet dominates the market for machine learning processors and has extended its focus into networking equipment, subscription software, and cloud services.
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