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Nvidia (NASDAQ:NVDA) has been the hottest stock on the market for the past 18 months, but its valuation may now be too high to buy. Growth is limited by the number of chips available to Nvidia, and competitors, including customers, are entering the AI market.
In this video, Travis Hoium highlights three stocks with more upside than Nvidia today.
*Stock price uses the closing price on March 23, 2024. The video was released on March 25, 2024.
Should you invest $1,000 in Nvidia right now?
Before buying Nvidia stock, consider the following:
of Motley Fool Stock Advisor Our analyst team has identified what they believe Best 10 stocks What investors can buy right now…and Nvidia wasn’t among them. These 10 stocks have the potential to generate impressive returns over the next few years.
stock advisor We provide investors with an easy-to-understand blueprint for success, including guidance on portfolio construction, regular updates from analysts, and two new stocks every month.of stock advisor Since 2002, the service has more than tripled S&P 500 returns*.
See 10 stocks
*Stock Advisor returns as of March 25, 2024
Randi Zuckerberg is a former head of market development and spokesperson at Facebook, sister of Meta Platforms CEO Mark Zuckerberg, and a member of the Motley Fool’s board of directors. Alphabet executive Suzanne Frye is a member of The Motley Fool’s board of directors. Travis Hoium has held positions at Alphabet, Apple, and Matterport. The Motley Fool has positions in and recommends Alphabet, Apple, Matterport, Meta Platforms, Microsoft, and his Nvidia. The Motley Fool recommends the following options: A long January 2026 $395 call on Microsoft and a short January 2026 $405 call on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may receive compensation for promoting its services. If you choose to subscribe through the link, they will earn additional money to support the channel. Their opinions are their own and are not influenced by The Motley Fool.
Forget Nvidia — Buy These AI Stocks Instead Original article was published by The Motley Fool
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