Undervalued and Profitable: 2 Artificial Intelligence (AI) Stocks for Buffett-Minded Investors
Artificial intelligence (AI) could be the biggest growth opportunity for investors this century. According to a projection by United Nations Trade and Development, the AI market could grow from $189 billion in 2023 to $4.8 trillion by 2033. Fortunes will be made during this growth sprint, and finding the best AI stocks to invest in now could give your portfolio a huge leg up. But what about those who follow the philosophy of legendary value investors like Warren Buffett? Right now, there are two AI stocks that even Buffett-minded investors will love. In fact, Berkshire Hathaway already has a position worth more than $2 billion in one of the well-known businesses discussed below.Nearly every investor who follows the AI space will be well aware of Nvidia (NASDAQ: NVDA). Right now, with a market cap of more than $3 trillion, it's one of the three largest companies in the world. It designs and sells a variety of types of computer chips and software, but it's best known for its high-end graphics processing units, or GPUs. These specialized parallel processors can provide precisely the sort of computing power necessary to train and power machine learning and artificial intelligence models.Continue reading
Artificial intelligence (AI) could be the biggest growth opportunity for investors this century. According to a projection by United Nations Trade and Development, the AI market could grow from $189 billion in 2023 to $4.8 trillion by 2033. Fortunes will be made during this growth sprint, and finding the best AI stocks to invest in now could give your portfolio a huge leg up.
But what about those who follow the philosophy of legendary value investors like Warren Buffett? Right now, there are two AI stocks that even Buffett-minded investors will love. In fact, Berkshire Hathaway already has a position worth more than $2 billion in one of the well-known businesses discussed below.
Nearly every investor who follows the AI space will be well aware of Nvidia (NASDAQ: NVDA). Right now, with a market cap of more than $3 trillion, it's one of the three largest companies in the world. It designs and sells a variety of types of computer chips and software, but it's best known for its high-end graphics processing units, or GPUs. These specialized parallel processors can provide precisely the sort of computing power necessary to train and power machine learning and artificial intelligence models.
