Nvidia remains a key player in the AI space, but other companies are emerging as strong contenders. Meta and Alphabet (Google) are making significant AI investments, with Meta developing its Llama model and Meta AI assistant, while Google leverages its Gemini model to enhance Google Cloud and other services. HSBC predicts AMD's AI GPU technology could double its stock price, noting the strong pricing of its new MI350 series and its open ecosystem. TSMC expects its revenue from AI-related chips to double in 2025, positioning it as a major beneficiary of the AI boom. Several companies are strategically investing in AI to boost their own operations and bottom lines. Kakao Investment sold a 1.88% stake in SK Square for 429.7 billion won to fund AI expansion. Dun & Bradstreet is integrating AI into its services, contributing to a full-year revenue of $2.38 billion and an adjusted EBITDA margin of 38.9%. Goldman Sachs is using Devin, an AI tool, to increase developer productivity, planning to expand its use to thousands of employees. Lumentum and HubSpot are also benefiting from AI growth, with Lumentum focusing on optical and photonic technologies and HubSpot on its AI-powered CRM platform. BigBear.ai's stock has surged 86% in a month due to its strategic initiatives and partnerships with Amazon and Palantir. The Global X Artificial Intelligence & Technology ETF (AIQ), which includes Nvidia and Microsoft, is outperforming the Invesco QQQ Trust, reflecting the broad growth in the AI sector.
Key Takeaways
- Meta and Alphabet (Google) are investing heavily in AI, positioning themselves as strong alternatives to Nvidia.
- HSBC anticipates AMD's AI GPU technology could double its stock price, driven by the MI350 series and its open ecosystem.
- TSMC projects its AI-related chip revenue will double in 2025, highlighting its critical role in AI infrastructure.
- Kakao Investment sold a 1.88% stake in SK Square for 429.7 billion won to fund its AI expansion plans.
- Dun & Bradstreet is integrating AI into its services, contributing to a full-year revenue of $2.38 billion.
- Goldman Sachs is using the AI tool Devin to increase developer productivity, planning to expand its use across its tech team.
- Lumentum and HubSpot are experiencing growth due to AI, with Lumentum focusing on optical technologies and HubSpot on its AI-powered CRM.
- BigBear.ai's stock has surged 86% in a month, supported by partnerships with Amazon and Palantir.
- The Global X Artificial Intelligence & Technology ETF (AIQ), which includes Nvidia and Microsoft, is outperforming the Invesco QQQ Trust.
- AMD's MI355 AI chip is estimated to potentially sell for $25,000 each.
Nvidia Not the Only AI Stock to Buy Now Consider Meta and Alphabet
Nvidia's stock has soared due to high demand for its AI products, but Meta Platforms and Alphabet could also be great AI investments. Meta is investing heavily in AI, developing its Llama model and Meta AI assistant. Alphabet, powered by Google Search and Google Cloud, uses its Gemini model to improve its services and offer AI tools. While Nvidia is still a good option, Alphabet's valuation makes it a promising AI stock to consider now.
Forget Nvidia? Why Meta and Alphabet Could Be Better AI Stock Buys
Nvidia's stock has increased a lot because of the demand for its AI chips. However, Meta Platforms, known for Facebook and WhatsApp, is investing in its AI platform, Llama. Alphabet, which owns Google, uses its Gemini model to improve Google Cloud and other services. While Nvidia is still good, Alphabet's current stock value makes it a potentially better AI investment right now.
Kakao Investment Sells SK Square Stake to Invest in AI Expansion
Kakao Investment sold a 1.88 percent stake in SK Square for 429.7 billion won to fund future AI investments. The sale involved 2.48 million shares at 172,800 won per share. This decision was influenced by the rising share price of SK Square and expectations of legal reforms. Kakao will keep its 1.79 percent stake in SK Telecom. This move marks a change in the equity alliance between SK Telecom and Kakao.
TSMC Sales Surge Could Make It a Bigger AI Chip Winner Than Nvidia
Taiwan Semiconductor Manufacturing (TSMC) expects its revenue from AI-related chips to double in 2025.
Dun & Bradstreet's AI Investments Suggest a Good Time to Buy Stock
Dun & Bradstreet's Q4 revenue was $631.9 million, a slight increase, but full-year revenue rose by 2.9% to $2.38 billion. The company's adjusted EBITDA margin increased to 38.9% due to cost control. Dun & Bradstreet is integrating AI into its services to help businesses reduce costs and identify opportunities. The company's focus on AI and international growth makes it a good investment, despite risks like economic changes and competition.
HSBC Predicts AMD's AI Technology Could Double Its Stock Price
HSBC upgraded Advanced Micro Devices (AMD) stock, believing its AI GPU technology could double its value. The bank noted the strong pricing of AMD's new MI350 series, which is more expensive than Nvidia's chips. HSBC estimates the MI355 could sell for $25,000 each, increasing AMD's AI revenue. AMD's open ecosystem and compatibility with data centers give it an edge over Nvidia. The upcoming MI400 series could further boost AMD's AI revenues.
Lumentum and HubSpot Top Tech Stocks Poised for Growth
Lumentum (LITE) and HubSpot (HUBS) are highlighted as top tech stocks with strong growth potential. Lumentum, which makes optical and photonic technologies, is benefiting from the growth in AI and 5G. HubSpot, a customer relationship management company, is growing thanks to its AI-powered platform. Both companies have strong earnings and are expected to continue growing, making them attractive investments.
Goldman Sachs Uses AI Engineer Devin to Boost Developer Efficiency
Goldman Sachs is using Devin, an AI tool, to help its tech team work more efficiently. Devin, created by Cognition, is an AI software engineer that can handle many development tasks. It can increase developer productivity three to four times. Goldman Sachs plans to expand its use from hundreds to thousands of employees, blending AI with human expertise.
AIQ Quietly Crushes QQQ This AI ETF Deserves Attention
The Global X Artificial Intelligence & Technology ETF (AIQ) is outperforming the popular Invesco QQQ Trust. AIQ invests in companies that benefit from AI development, holding 86 stocks including Nvidia and Microsoft. The ETF has a tech-heavy portfolio with significant investments in software, semiconductors, and hardware. AIQ is up 19.56% in 12 months and projects the AI market to grow significantly, making it a strong investment option.
BigBear.ai Stock Soars Is It Still a Good Investment?
BigBear.ai's stock has jumped 86% in a month, driven by its strategic initiatives and strong performance in defense and national security. The company's revenue and backlog are growing, supported by partnerships with Amazon and Palantir. BigBear.ai is also expanding internationally. Despite the stock surge, it remains relatively undervalued compared to its peers, making it a potentially smart buy for investors interested in AI.
Sources
- Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Right Now?
- Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Right Now?
- Kakao Investment sells SK Square stake for W429.7b to fund AI expansion
- TSMC Sales Surge. It Might Be an Even Bigger AI Chip Winner than Nvidia.
- Dun & Bradstreet's Margins and AI Investments Signal Buying Opportunity
- HSBC says AMD's AI muscle could double its stock
- Zacks Investment Ideas feature highlights: Lumentum and HubSpot
- Goldman Sachs Deploys AI Engineer To Uplift Developer Efficiency
- This Quiet AI ETF Has Outperformed QQQ—and Hardly Anyone Talks About It
- BigBear.ai Stock Jumps 86% in a Month: Still a Smart Buy?