Investors looking to capitalize on the ever-expanding AI market should consider buying high-potential AI stocks before major deals materialize, such as the recent partnership between Amazon Web Services (AWS) and AMD. The deal involves AWS using AMD’s advanced artificial intelligence chips for cloud computing services, though the decision is not yet final. By purchasing AI stocks before significant partnerships like this, investors can take advantage of the anticipated increase in stock prices.
Nvidia is one such high-potential AI stock to watch. The company is leading industry advancements in AI for gaming with its recently showcased Avatar Cloud Engine (ACE). By using natural language models, ACE enables non-playable game characters to use dynamic, unscripted dialogue, thereby enhancing the realism of in-game characters. While Nvidia’s stock faces overvaluation concerns, its strong demand for AI chips and a potential near-term recovery in graphics-related revenue bode well for its future success.
AMD, Nvidia’s primary competitor in the GPU chip market, is also a high-potential AI stock to consider. The company’s MI300 chips aim to rival Nvidia’s A100 and H100 GPUs, while AMD’s EPYC server processors have experienced notable growth in the data center CPU market, surpassing Intel. With AMD’s stable revenue recovery in the gaming segment and a competitive price-to-performance ratio, it remains an appealing long-term investment choice.
Opendoor Technologies is another high-potential AI stock to watch as the US housing market sees a remarkable 22% month-over-month increase in housing starts. Opendoor’s real estate technology and AI applications have experienced recent struggles due to a weakened housing market, but a surge in housing starts could significantly benefit the company. Opendoor’s reliance on volume and focus on leveraging technology make it an innovative next-generation real estate company.
Investors looking to stay ahead of the AI market curve should consider investing in high-potential AI stocks like Nvidia, AMD, and Opendoor Technologies. By being proactive, unique, and informed, investors can position themselves for success in the evolving AI market.
