I Will Buy These 3 Stocks Instead of Nvidia

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Hello Investors!

Nvidia has been the talk of the town and everyone talks about with its GPUs powering the AI universe, but let's not forget the constellation of opportunities beyond.

Today I will share 3 of my top picks which (imo) are the best-kept secrets in AI investment because they are very under the radar.

These picks are not just about joining the AI parade; they're about leading it without the Nvidia price tag. Let’s unveil the hidden gems!

1. Qualcomm (QCOM): Your Smartphone’s Brain Trust 📱

Qualcomm, traditionally celebrated for its dominant presence in the smartphone chip market, has once again exceeded expectations. The first quarter of fiscal 2024 has been a testament to the company's resilience and innovation, particularly as the handset market begins to bounce back.

• Strategic Moves: Qualcomm is not just resting on its laurels but is aggressively pushing into new territories. The unveiling of the Snapdragon 8 Gen 3 Mobile Platform marks a significant leap towards embedding generative AI features directly onto devices, promising a new era of smart technology at your fingertips.

• Automotive Acceleration: The company has also seen a surge in its automotive business, signaling diversification and growth in new, high-potential markets.

• Bullish on the Future: Analysts are echoing positive sentiments, with Qualcomm’s Snapdragon system on a chip having the potential to lead the next wave of AI computing platforms. The recent uptick in Samsung Galaxy S24 smartphone shipments, powered by Qualcomm’s processors, underscores the company’s strong market position.

• Investor Confidence: Despite the nuanced market dynamics, Qualcomm maintains a "moderate buy" consensus rating among Wall Street analysts, with expectations of sustained growth and innovation.

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

2. AMD (AMD): The Underdog Rising 🌟

AMD has been on a remarkable journey, quickly expanding its footprint in the CPU market and directly challenging Intel’s long-standing dominance. While the pandemic-induced surge in PC sales saw a subsequent slowdown, AMD's vision extends beyond temporary market shifts.

• Data Center Dynamism: Optimism abounds for AMD’s Data Center segment, buoyed by the demand for its Instinct GPUs and EPYC CPU sales. The company’s strategic positioning to capitalize on the generative AI market further accentuates its growth trajectory.

• Innovation at Its Core: AMD's commitment to technological excellence and innovation is evident in its offerings, like the MI300X, poised to make significant inroads in AI’s "inferencing phase." This period of growth is characterized by a high demand for advanced, high-bandwidth memory solutions.

• Market Optimism: The tech community and financial analysts alike are bullish on AMD’s prospects, with a "strong buy" consensus rating highlighting the company's potential for upward momentum. Enhanced fundamentals and strategic executions are expected to drive AMD's performance in the near future.

3. Amazon (AMZN): AI’s Retail and Cloud Titan 🛒☁️

• The Cloud Behemoth: AWS, Amazon's cornerstone cloud computing unit, experienced a growth adjustment to 13% in the fourth quarter. Despite what appears to be a slowdown, with an annual revenue tallying up to an impressive $90 billion, AWS's grip on the cloud market remains unshaken. The slight deceleration in growth isn't a signal of stagnation but rather a momentary breath in its monumental ascent. With marketing experts expected to loosen the purse strings, a resurgence in cloud spending could further bolster AWS's growth trajectory this year. Amazon's cloud is well-poised to capitalize on these market dynamics, continuing its reign as a leader in the cloud domain.

• The Advertising Segment: Not to be overshadowed, Amazon’s advertising arm is thriving, emerging as the fastest-growing revenue stream within the company. With the digital marketplace bustling with millions of visitors, Amazon presents a golden opportunity for advertisers aiming to capture consumer attention. This allure has translated into ad sales reaching a remarkable $46 billion in 2023. As companies ramp up their spending budgets, we anticipate this figure to climb even higher, spotlighting advertising as a lucrative and expanding frontier for Amazon.

• A Stock for the Future: In addition to AWS and advertising, Amazon is making substantial strides in artificial intelligence, particularly in generative AI. The company is applying AI across its various businesses, from enhancing customer experiences on its retail platform to improving efficiency in its logistics and supply chain operations. Furthermore, Amazon is exploring generative AI capabilities, aiming to revolutionize how businesses and developers create new applications and services. This foray into generative AI underscores Amazon's commitment to staying at the cutting edge of technology innovation.

🌠 Why Look Beyond Nvidia?

Nvidia’s throne in the AI kingdom is undisputed, but the investment kingdom is vast, with many realms offering riches. Qualcomm, AMD, and Amazon each bring unique strengths to the AI table, from mobile and automotive AI innovations to cloud computing and AI-infused retail experiences. Their growth narratives are compelling, and their stocks provide diverse avenues to participate in the AI revolution without the hefty Nvidia price tag.

Stay tuned for more updates on these and other tech leaders shaping our world.