Nvidia (NASDAQ: NVDA) has been the most popular stock within the marketplace over the past 18 months, but now it might be too highly valued to buy. Growth is proscribed by the variability of chips Nvidia can get, and competitors — including customers — are entering the AI market.
On this video, Travis Hoium covers three stocks which have more upside than Nvidia does today.
*Stock prices used were end-of-day prices of March 23, 2024. The video was published on March 25, 2024.
Do you’ve to take a position $1,000 in Nvidia directly?
Before you buy stock in Nvidia, consider this:
The Motley Idiot Stock Advisor analyst team just identified what they imagine are the 10 best stocks for investors to buy now… and Nvidia wasn’t one amongst them. The ten stocks that made the cut could produce monster returns within the approaching years.
Stock Advisor provides investors with an easy-to-follow blueprint for achievement, including guidance on constructing a portfolio, regular updates from analysts, and two recent stock picks every month. The Stock Advisor service has greater than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of March 25, 2024
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Idiot’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Idiot’s board of directors. Travis Hoium has positions in Alphabet, Apple, and Matterport. The Motley Idiot has positions in and recommends Alphabet, Apple, Matterport, Meta Platforms, Microsoft, and Nvidia. The Motley Idiot recommends the subsequent options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Idiot has a disclosure policy. Travis Hoium is an affiliate of The Motley Idiot and ought to be compensated for promoting its services. In case you select to subscribe through their link they’ll earn some extra money that supports their channel. Their opinions remain their very own and are unaffected by The Motley Idiot.
Forget Nvidia — Buy These AI Stocks Instead was originally published by The Motley Idiot