Investors Shift Focus from Nvidia to Rival AI Stocks Amid Uncertainties
Forget Nvidia: Smart Money Is Selling It and Buying These 2 Roaring Artificial Intelligence (AI) Stocks Instead
Nvidia's run at the top of the AI trend may be coming to an end, and smart money is pouring into these 2 AI winners. The last 18 months have been very good for Nvidia (NASDAQ: NVDA).
The exploding demand for artificial intelligence (AI) applications since the launch of ChatGPT has pushed big tech companies to snap up Nvidia's GPUs as fast as it can make them. That's led to a huge rise in revenue and earnings for the chipmaker, and a commensurate increase in Nvidia's stock price. Shares are up 425% since ChatGPT's launch on November 30, 2022.
Who's selling Nvidia and why?
- Eight prominent billionaires and several Congress members have trimmed their Nvidia stakes
- Concerns over Nvidia's high valuation and customer consolidation risk
- Smart money shifting focus to competitors in the AI chip market like AMD
The AI chip stock smart money is buying instead
- A detailed look at the AI chip stock gaining momentum among investors
- Challenges and opportunities for Advanced Micro Devices against Nvidia
- Insights into AMD's potential to tap into the AI GPU market and future growth prospects
Smart money is moving up the AI food chain
- Microsoft emerges as a key player benefiting from the AI boom
- The transition of investors towards Microsoft due to its strong position in enterprise software and cloud computing
- Analysis of Microsoft's forward PE ratio and growth potential in the AI space
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.