Tap the AI wave with these top techs

Article Excerpt

These three technology stocks continue to hit new highs due to investor enthusiasm for artificial intelligence and its ability to help businesses improve their efficiency and profits. We like the outlook for all three, but see just two as buys right now. NVIDIA CORP. $140 is a buy for highly aggressive investors. The company (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 24.5 billion; Market cap: $3.4 trillion; Price-to-sales ratio: 37.1; Dividend yield: 0.03%; TSINetwork Rating: Average; www.nvidia.com) is a leading designer of 3D-capable video chips; they make video games run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial intelligence (AI), datacentres and self-driving cars. The stock has jumped 180% since the start of 2024. That’s largely due to increasingly strong demand from datacentre operators for chips that power AI applications such as the popular ChatGPT online chatbot/search engine. In its fiscal 2025 second quarter, ended July 28, 2024, Nvidia’s revenue soared 122.4%,…