2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire
These days, it's hard to find an artificial intelligence (AI) stock trading at a cheap price. Nvidia has a price-to-earnings ratio (P/E) approaching 50. Palantir's is well above 500. Sky-high P/E ratios mean these stocks are likely poor buys today, even though they have soared in the last few years.Finding a cheap AI stock is hard, but not impossible. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Applied Materials (NASDAQ: AMAT) have strong future growth prospects and trade at reasonable prices. Here's why they can help turn your portfolio into a million dollars if you buy and hold for the long haul.Image source: Getty Images.Continue reading
These days, it's hard to find an artificial intelligence (AI) stock trading at a cheap price. Nvidia has a price-to-earnings ratio (P/E) approaching 50. Palantir's is well above 500. Sky-high P/E ratios mean these stocks are likely poor buys today, even though they have soared in the last few years.
Finding a cheap AI stock is hard, but not impossible. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Applied Materials (NASDAQ: AMAT) have strong future growth prospects and trade at reasonable prices. Here's why they can help turn your portfolio into a million dollars if you buy and hold for the long haul.
Image source: Getty Images.
