Looking for top alternatives to Nvidia? These stocks still look cheap, according to the pros

Nvidia shares keep smashing records . The artificial intelligence chipmaker hit its most recent high in May, after reporting earnings that beat expectations on the back of strong AI demand. But Nvidia isn't the only one benefitting from bullish sentiment on AI — other tech names also got a boost, leading the Nasdaq to close at a record high on May 24 despite persistent doubts over whether the U.S. Federal Reserve would cut rates this summer.

"Google is a great alternative to Nvidia because they have a clear path to monetize AI," he said. "The company can improve advertiser results which increases Google's ad revenue and it can monetize AI through subscriptions of its Gemini product," Coons added. Alphabet's Gemini, its AI model which it launched last December, is Google's suite of generative AI tools, ranging from chatbots to coding assistants.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earningsStock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earnings
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Nasdaq closes above 17,000 for first time as Nvidia shinesStock Market Today: Nasdaq closes above 17,000 for first time as Nvidia shines
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings weekDow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings weekDow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »