Nvidia, Alphabet, and Super Micro Positioned to Capitalize on Booming AI Market
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Nvidia is the dominant leader in AI chips, with up to 90% market share in a market estimated to be worth over $100 billion by 2027. Its growth prospects are immense.
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Alphabet owns extremely popular sites like Google and YouTube that give it a vast trove of data to power its AI efforts, including new endeavors like Bard. Its ad business generates tens of billions in cash flow.
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Lesser-known Super Micro Computer builds customized servers that companies rely on to implement AI systems quickly and efficiently. It's seeing triple-digit revenue growth thanks to AI demand.
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Analysts estimate Nvidia's earnings can compound over 40% annually long-term thanks to AI chip leadership. Alphabet and Super Micro also have strong growth prospects.
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All 3 stocks can be bought for under $1,000 per share, providing solid AI exposure for long-term investors willing to buy and hold.