Welcome to Extreme Investor Network, where we provide unique insights and valuable information on investing in today’s market. In a world where artificial intelligence is becoming increasingly important, finding the right AI stocks to invest in can be a lucrative opportunity.
Nvidia, a leader in AI technology, has seen tremendous growth this year, with its stock price more than doubling. While this may lead some investors to believe that the AI trade is expensive, there are still opportunities to buy AI stocks on the cheap.
One such opportunity is Meta Platforms, the parent company of Facebook and Instagram. Analysts have given Meta Platforms a consensus buy rating, with many expressing optimism about the company’s cost-cutting efforts and market share in digital advertising. Despite its recent rally, the stock is still trading at a relatively low valuation compared to its historical averages.
Snowflake, a data software company, is another AI stock with significant upside potential. Analysts are extremely bullish on Snowflake, expecting a 30% increase in its stock price. The company is also trading at a discount to its five-year average, making it an attractive opportunity for investors looking to capitalize on the AI trend.
Micron Technology, a computer memory stock, is also worth considering for investors looking for cheap AI plays. With a buy rating from over 70% of analysts covering the stock, Micron Technology has the potential for further growth. Even though the stock has already seen significant gains this year, it is still trading at a discount to its historical averages.
Other AI plays that meet the criteria for being cheap and have potential for growth include Equinix, Adobe, and Western Digital Corp. These companies all offer unique opportunities for investors looking to capitalize on the growing demand for artificial intelligence technology.
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