Alphabet has faced numerous challenges with its AI technology, resulting in significant financial loss and public embarrassment. However, there are three AI stocks worth considering for investment due to their successful integration of AI technology into their businesses.
Service Now, a company that offers a platform to streamline operations across various departments, has seen significant growth potential with its AI integration. CEO Bill McDermott has expressed confidence in AI as a game-changer for the company’s revenue and results in the future.
Broadcom, a leading producer of custom integrated circuits, has experienced strong revenue growth driven by sales of AI-related chips. The company recently raised its annual sales forecast for AI-related chips, indicating continued demand and growth in this sector.
Nvidia, known for its gaming GPUs, has successfully transitioned into the AI space with its innovative chips. The company’s revenue growth has been remarkable, and the development of new chips promises additional revenue streams and solidifies its position in the AI industry.
Overall, these three AI stocks offer investors an opportunity to capitalize on the growing AI technology sector and provide healthy upside potential for the future.
Article Source
https://investorplace.com/2024/06/google-fumbled-the-ai-bag-these-3-stocks-wont/
