Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has billions of people worldwide who use its services like Search, Gmail, and YouTube every day. It generates loads of cash from advertising revenue that is fueling investments in artificial intelligence (AI). You would think a business in Google's competitive position would trade at more than 23 times next year's expected earnings. This is a lower price-to-earnings multiple than the S&P 500, which makes Alphabet an incredible value right now.
Nvidia has soared thanks to its dominant position in the artificial intelligence (AI) chip market. Over the past decade, Nvidia stock has soared by proportions that may have seemed unimaginable. The stock has advanced a mind-boggling 29,000%. That happened as the company got in on the artificial intelligence (AI) story in its earliest days, allowing it to tailor its chips to suit AI needs and take considerable market share.