2023 was a remarkable year for Nvidia (NASDAQ: NVDA) as it emerged as the top-performing stock in the S&P 500. Its dominance has continued into this year, solidifying its position as the best-performing stock in the entire index. The trend of winners soaring higher is a clear indication of investors’ preference for companies effectively capitalizing on artificial intelligence (AI).
Despite Nvidia’s impressive returns, there is a strong belief that the company has the potential to grow into its valuation over time. However, for investors seeking AI opportunities beyond the tech sector, GE HealthCare Technologies (NASDAQ: GEHC) and Deere (NYSE: DE) present compelling options. This is why investing in Nvidia and these two underrated AI plays could be a wise decision at this time.
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Embracing the AI Leader
Scott Levine (Nvidia): In the past year, numerous stocks have emerged as promising avenues for gaining AI exposure. However, there’s nothing wrong with choosing the obvious leader. For investors optimistic about AI’s potential, Nvidia remains a top contender…
2024-03-15 04:12:00
Article from finance.yahoo.com