Nvidia crushes estimates again, but the alarm has been sounded?
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Is Nvidia or Alphabet the better buy?
Nvidia and Alphabet operate in very different areas of tech and AI, with one a leader in hardware and the other dominating software and services. Both companies have solid growth potential over the long term, and it would be hard to go wrong with either stock. However, Alphabet's stock is trading at a bargain valuation compared to Nvidia.
Alphabet's price-to-earnings and price-to-free-cash-flow ratios are significantly lower than Nvidia's, suggesting it offers far more value. Alphabet's metrics could make it the best and cheapest way to invest in AI.
While Nvidia's meteoric rise in 2023 has benefited prior investors, it has made its stock too expensive for new ones. Meanwhile, the Google parent arguably has similar potential in AI, yet is trading at a substantially better value. As a result, Alphabet is the better buy, and an exciting opportunity ahead of Gemini's launch next year. $NVIDIA(NVDA.US)$ $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$
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