AI is not new, but recent breakthroughs that led to generative AI apps like ChatGPT have sparked interest in the technology among investors. Two stocks that are great picks to do so are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META). Alphabet, the parent company of Google, used AI to improve its business for a while.
Artificial intelligence is driving a new growth phase for the world's largest social media company.
AMD and Qualcomm may not be growing at the same pace as Nvidia. But investors may have punished these stocks a bit too much.