Artificial intelligence (AI) investing has been a major market trend over the past three and a half years, but many investors who haven’t taken full advantage of the trend may be worried that they have missed their opportunity. However, I don’t think it’s too late. There are countless AI companies that are primed for even more upside.
The reality is the AI race is far from over, and several stocks in the sector look like top buys right now.
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Nvidia
Nvidia (NASDAQ: NVDA) has been a market leader since 2023, when this phase of the AI megatrend began to take off. It’s the No. 1 provider of parallel processing power for data centers, and it will retain that title until someone takes it from it. Despite its now-monstrous size, it keeps putting up jaw-dropping growth; the average Wall Street analyst projects 73% revenue growth this year. Analysts have historically underestimated how fast Nvidia would grow, but they still project a 33% growth rate next year. However, that consensus estimate will likely rise.
This follows a pattern that Nvidia has already told investors about. By 2030, the company believes global annual data center capital expenditures will total $3 trillion to $4 trillion. That’s a huge amount of spending, and would require many companies to ramp up their capital expenditures for several years. Investors are already expecting record expenditures on AI infrastructure in 2026, and 2027 will likely bring more of the same. One of Nvidia’s biggest clients, Alphabet, has already informed investors that 2027’s capital expenditures will be “substantially higher” than 2026’s.
The signs all point to Nvidia’s growth streak extending for many more years, making it an excellent stock to buy and hold.
Meta Platforms
Meta Platforms (NASDAQ: META) is just waiting for its moment in the sun. Although it most resembles an advertising company right now, as its revenues come primarily from the ad space it sells on Facebook, Instagram, WhatsApp, and Threads, it has several AI pursuits.
It’s working on building what it describes as a personal superintelligence platform it can bring to the masses, and is trying to implement that in conjunction with AI-enabled smartglasses. These wearable devices would move AI away from the keyboard and make its smartglasses more useful as a digital assistant than any device before them. However, Meta is still working on both of these products — it’s not clear if they will pan out.
