• By quade
• 16 April 2024

3 AI Stock Prices May Soon Overtake Nvidia in the Next 5 Years

Since the emergence of AI technology, Nvidia has been one of the biggest success stories as the company that provided the bulk of AI company’s GPUs. Since Q3 2022, Nvidia saw a remarkable surge in its stock prices, growing sevenfold. But as the hype dies down, other AI stock prices now have the potential to overtake them and lead the charge in AI technology.

Although the surge in prices has been remarkable, many investors have been reluctant to invest as they are waiting for a moment to buy Nvidia when the price finally goes down. But while they are waiting, their attention has been turned to other AI stock prices which have the potential to see similar rapid growth and surpass Nvidia.

Furthermore, Nvidia stands as a prime exemplar of AI’s triumph, having substantially profited from the advancements in AI technology.

AI Stock Prices Which Can Potentially See Massive Growth

Few sectors have captured the imagination of both experienced financiers and newcomers alike as much as artificial intelligence (AI). With its promise of revolutionizing how we work, people have been pouring money into AI businesses in hopes of making a tidy profit. A few businesses have managed to stand out from the pack, providing considerable growth potential in the next few years.

Alphabet

Google’s parent company, Alphabet has been one of the biggest winners in the AI surge. Its shares have already increased by 40% last year and that momentum continues running strong now. Some experts believe that they have some key advantages over Nvidia like in price-to-sales ratio where Nvidia stands at 35x, while Alphabets is a safer 6.5.

Alphabet also possesses mountains of data, a critical resource in AI development, further research could greatly benefit services like offshore tech support specialists. Despite recent setbacks that have caused their AI Stock Prices to tumble, Alphabet remains a powerful force, with rumors of integrating Gemini AI into iPhones. Other projects like robo-taxis also have some potential if implemented properly.

Meta Platforms

Next to Nvidia, Meta Platforms emerged as one of the leading AI stocks, rivaled only by Nvidia. Its shares have surged by approximately 140% in the preceding 12 months. Meta has been determined to diversify its technological arsenal to create its proprietary AI chips. The emergence of these chips will help in business process optimization. Even without this, Meta already has a tighter valuation.

Among other AI stock prices, Meta’s established position gives it the potential to sweep up the competition, especially with the recent proposal for Bytedance’s divestment of TikTok or risk being banned.

However, the TikTok ban may not be necessary for the AI stock prices to go up. Mark has also announced plans to create a business messaging app and recently espoused the potential of smart glasses equipped with AI assistants as Meta’s potential.

UiPath

Among the AI stock prices surging, not all are from industry giants. UiPath is not as large as Meta or Alphabet, but they have seen considerable growth. Its current market capitalization is $12.4 billion with more potential for growth. However, it has shown rapid growth with 31% in Q4 2023, one of its largest growths to date. 

A recent analysis shows UiPath as the prime choice for AI investors. Its relatively modest size allows for future growth and stability. Their main service remains in robotic process automation (RPA), UiPath where they possess a commanding position in a market undergoing rapid expansion.

The ongoing developments in AI technology allowed UiPath to automate business processes previously deemed unfeasible. Last year saw the unveiling of Clipboard AI, an innovation lauded by TIME magazine as one of the standout inventions of 2023. Additionally, UiPath introduced its AutoPilot AI-powered assistant in Q4, further solidifying its position as a pioneering force in the AI landscape.

Should You Invest In These Stocks Now

Some research by Motley Fool Stock Advisor has had them come out with 10 stocks to invest in now. Among the stocks that didn’t cut was Alphabet, suggesting that even with the surge in AI stock prices, now might not be the time to invest in these stocks.

This could be because there could still be future opportunities or as a result of Alphabet’s recent tumble. Others believe that there needs to be more information before they invest in these places.