Published on 29 Mar 2024 on InvestorPlace via Yahoo Finance
7 AI Stocks That Will Trounce Nvidia’s Returns in 2025
AI stocks have been on a tear recently, with Nvidia (NASDAQ:NVDA) once again breaking records and crossing above $950 per share. However, as I’ve cautioned many times before, this is a stock that investors need to be very careful with at these levels. While I would not recommend shorting Nvidia, the company does face significant downside risk if the AI rally loses steam. At the same time, there is not a whole lot of upside potential left after the meteoric rise.
That’s not to say Nvidia couldn’t potentially climb even higher – $1,000 per share or more is certainly possible if the momentum continues carrying it upward. But purely chasing momentum gains above $950 would not be a smart move in my view. Instead, investors should look to more under-the-radar AI stocks that have significant organic growth potential in the coming quarters and years. Here are seven that could trounce Nvidia’s gains next year:
AI Stocks: GigaCloud Technology (GCT)