Nvidia (NASDAQ:NVDA) recorded more than 220% returns in the last twelve months, mainly due to the AI explosion. The company’s upward trajectory could be running out of steam.
High-profile investors are starting to cash out. The company’s old rivals, like Intel, are also starting to produce AI chips. The then-GPU maker is now facing significant competition as everyone wants a piece of the market. And it will only get tighter going forward. This is why some investors seek stocks offering better growth than Nvidia.
So with a market brimming with tech companies touting AI-adjacent products and services, how can one make a decent pick? I think it’s wiser to look into companies with tried-and-tested formulas or ones that present a compelling picture of their future, like these three.
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