Artificial intelligence (AI) emerged as a significant theme in the stock market in 2024, with many companies poised for growth. Three key stocks to consider are Nvidia (NVDA), Microsoft (MSFT), and Salesforce (CRM).
Nvidia has been a leader in AI, with revenue skyrocketing over the past two years. Its graphic processing units (GPUs) are essential for building AI infrastructure, and the company’s 90% market share in GPUs is attributed to its superior software platform CUDA. With Microsoft planning to spend $80 billion on AI data centers this year, Nvidia’s growth potential remains strong.
Microsoft is investing heavily in its cloud computing unit Azure, with revenue growth of 33% last quarter. The company’s AI assistant copilots for Microsoft 365 are also a significant opportunity, offering enterprise users a range of productivity tools that can save time and drive growth.
Salesforce, on the other hand, is focusing on agentic AI, which goes beyond generative AI to create more autonomous experiences. Its Agentforce platform has seen rapid adoption, with over 1,000 teams already using it. The company projects 1 billion Agentforce AI agents will be deployed by the end of fiscal 2026.
All three stocks have their own growth potential and are worth considering for investors. Nvidia trades at a forward P/E ratio of 31.5, while Microsoft’s valuation is slightly higher at 32.5. Salesforce, however, has a more reasonable value with a PEG of 0.8.
Source: https://www.fool.com/investing/2025/01/12/3-best-artificial-intelligence-ai-stocks-to-buy-in