2023 was the year that artificial intelligence (AI) stocks exploded. All as the emergence of generative AI and large language models revolutionized the technology landscape. As businesses across various sectors embraced AI to enhance operations and gain a competitive edge, investors quickly recognized the potential for substantial returns in this rapidly growing industry.
Fool.com contributor Parkev Tatevosian compares Nvidia (NASDAQ: NVDA) and Super Micro Computer (NASDAQ: SMCI) to answer which is the better investment option. Both companies have positioned themselves as leaders in the AI hardware market, providing essential components for AI systems. While Nvidia has gained significant attention for its graphics processing units (GPUs) used in deep learning and AI applications, Super Micro Computer offers comprehensive server solutions tailored for AI workloads. Investors seeking exposure to the AI hardware sector can carefully evaluate these two stocks to make an informed investment decision.
AI and automation firm UiPath joins Palantir on the list of new buys by top funds as PLTR rockets and PATH stock sets up. UiPath's innovative robotic process automation (RPA) platform has gained significant traction, enabling businesses to automate repetitive tasks and streamline operations. With Palantir already establishing itself as a leader in data analytics and AI-driven solutions, the addition of UiPath to the list of top buys by prominent funds speaks volumes about the potential growth of both companies.