The Best Artificial Intelligence (AI) Growth Stocks to Buy on the Nasdaq as the Rally Heats Up
The Nasdaq rally is driven by artificial intelligence (AI) stocks, with Advanced Micro Devices (AMD) and Alphabet being two top AI growth stocks to buy. AMD is poised to benefit from its improved ROCm software and chiplet design, while Alphabet's custom AI chips provide a cost advantage and new revenue stream.
The Nasdaq has reached a new all-time high, driven by the tech rally. Artificial intelligence (AI) stocks are a key opportunity, despite near-term uncertainty due to geopolitical tensions. Advanced Micro Devices (AMD) is a strong player in the inference market, with partnerships with Meta Platforms and OpenAI. AMD's data center CPUs are also well-positioned for the rise of agentic AI. Alphabet's custom AI chips, called tensor processing units (TPUs), provide a big cost advantage and new revenue stream. Alphabet is evolving its TPUs, with a new generation of chips and additional processing units in development.
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