3 No-Brainer AI Stocks to Buy Right Now
Spending on data center infrastructure continues to flow at a rapid rate, and for investors who want to play this trend, these three artificial intelligence (AI) stocks look like no-brainer buys right now.
Despite increasing competition, Nvidia (NASDAQ: NVDA) is still the king of AI infrastructure with its graphics processing units (GPUs). Its GPUs are generally viewed as the best options for providing the parallel processing power that's required to train and power AI models. That's not only due to the chips themselves being powerful; the company's popular CUDA software platform was where most foundational AI code was written, and CUDA software is only compatible with Nvidia GPUs. Meanwhile, its proprietary NVLink interconnect platform allows its GPUs to quickly communicate with each other in enormous clusters, essentially turning many chips into a single powerful computing unit. The company also now offers turnkey AI factory solutions, adding to its advantages as organizations rush to keep up in the AI race.
With AI data center spending expected to continue growing, Nvidia is a top stock to own. The company is also not sitting still, as it continues to advance its chip technology while making smart acquisitions to position itself for the future.
Source Fool.com
