Nvidia (NASDAQ: NVDA) has been the hottest stock on the market over the past 18 months, but now it may be too highly valued to buy. Growth is limited by the number of chips Nvidia can get, and competitors — including customers — are entering the AI market.
In this video, Travis Hoium covers three stocks that have more upside than Nvidia does today.
*Stock prices used were end-of-day prices of March 23, 2024. The video was published on March 25, 2024.
Should you invest $1,000 in Nvidia right now?
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Alphabet, Apple, and Matterport. The Motley Fool has positions in and recommends Alphabet, Apple, Matterport, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Forget Nvidia — Buy These AI Stocks Instead was originally published by The Motley Fool
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