By Joey Frenette
Publication Date: 2026-02-11 02:45:00
Written by Joey Frenette at The Motley Fool Canada
If you missed out on the glorious multi-year rise in shares of Nvidia (NASDAQ:NVDA), it’s probably a better idea to focus your efforts on where the puck is heading next. Nvidia may still have enough room to rise even further, but for a firm that could find itself flirting with a $5 trillion market cap, I think it’s safe to say that the easy money has already been made. And, as is to be expected by a firm that’s rocketed up the valuation ladder, the downside risks are notable, especially if AI demand ends up being just a tad shy of expectations.
Indeed, it looks as if Nvidia’s chips are not selling like hotcakes; there’s potential for a drastic correction. If you believe AI is in a bubble, perhaps there are less risky places to grow one’s wealth. In this piece, we’ll look at two other AI stocks that I think are cheaper and worthier of buying right now.
Celestica (TSX:CLS) is one of the biggest Canadian AI winners in the past year, gaining more than 132% in the past year and around 730% in the last two years. Of course, this momentum is Nvidia-like, but the big difference is that Celestica is a company that’s worth just shy of $50 billion, leaving ample runway for long-term growth.
As the AI boom powers demand for all the stuff that goes inside a data centre (think high-performance servers and network switches), Celestica is bound to continue to keep rising up the…