We’re at the dawn of the artificial intelligence (AI) era, where computers are becoming smarter and increasingly integrated into our daily lives.
The computer age paved the way for the internet, mobile revolution, and cloud boom. Today, we’re in the digital age, with the AI revolution poised to elevate digital cloud solutions to new heights.
If you’re looking to invest in the AI revolution with just $200, here are three AI stocks to consider right now.
1. The Ultimate AI Chip Stock
Investing in the right semiconductor stocks with advanced AI technology can yield significant returns. Nvidia (NASDAQ: NVDA) is a prime example, having spent over a decade developing a comprehensive AI hardware/software solution.
Despite not manufacturing its hardware chips due to the high costs, Nvidia focuses on designing an entire infrastructure, from servers to edge devices.
Nvidia’s solutions are integral to future tech cycles, including self-driving cars, robot factories, and smart cities. Following a 10-to-1 stock split, Nvidia’s shares have become more accessible.
With the stock price hovering around the $100 range due to a tech stock correction, even owning a single Nvidia share could multiply your investment over the next five to seven years.
2. The AI Digital Stock
While many lucrative AI stocks are listed on NASDAQ, the TSX also offers promising AI investments. HIVE Digital Technologies (TSXV: HIVE) has evolved beyond its roots in Bitcoin mining, expanding into AI through Nvidia GPU-powered data centers. These centers offer high-performance and AI computing capabilities to enterprises.
Though Bitcoin mining remains HIVE’s primary revenue source, its digital solutions are growing and could generate significant revenue in the coming years.
HIVE offers exposure to both the AI and blockchain revolutions, with shares trading near the $4 mark, allowing you to purchase about 10 shares for just over $40.
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3. The AI Application Stock
While Nvidia and HIVE capitalize on AI infrastructure and applications, Docebo (TSX: DCBO) applies AI to enhance its learning management system. Docebo uses AI to create training content and make intelligent content suggestions, which it then provides to companies for staff and customer training.
Docebo has consistently increased its revenue by growing its customer base and average contract value per customer.
Despite its strong fundamentals, the $50 stock price currently values the company at six times its sales per share and 43 times its forward earnings per share. Although AI enhances Docebo’s efficiency, the competitive landscape may limit the potential for windfall gains.
These three stocks offer diverse ways to invest in the AI revolution with just $200, each representing different aspects of the AI value chain. Whether you’re interested in chips, digital solutions, or AI applications, these stocks provide a starting point for exploring the future of AI.