Forgetting Nvidia: A Case for Alphabet and Meta in the Ai Boom
Investors who want exposure to the artificial intelligence (AI) trend should consider Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META) instead of overvalued Nvidia (NASDAQ: NVDA). These two companies own some of the world's most powerful internet properties, like Google Search, YouTube, Android, Google Cloud, Facebook, Instagram, and WhatsApp. They are uniquely positioned in the AI wars, with billions of users and ad customers who can provide rapid feedback on new AI features.
- The undervalued valuations of Alphabet and Meta compared to Nvidia offer investors a potential entry point into the AI boom, allowing them to buy into this trend at lower multiples.
- How will the increasing competition from other tech giants, such as Amazon and Microsoft, impact the long-term profitability and growth prospects of these two companies?