Forget Nvidia: 1 Artificial Intelligence (AI) Stock to Buy Now

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Nvidia stock is richly priced. Any small surprises could trigger amplified volatility in 2024. Risk-averse investors may buy this AI stock instead. Nvidia (NASDAQ:NVDA) has been the brightest star of the artificial intelligence (AI) trade. Elated investors bid up AI-related tech stocks in 2023 and ushered Nvidia into the trillion-dollar stock club. However, the large-cap stock trades expensively at 31 times last year’s sales and expectations are sky high. The market anticipates a further 55% surge in the chipmaker’s annual sales this calendar year, despite growing revenue risks. Nvidia’s was the only supplier of AI chips last year. However, new...