Down 27%, This AI Stock Is a Screaming Buy Right Now (Hint: It's Not Nvidia)

Artificial intelligence (AI) stocks have played a central role in the broader market's rally in the past three years. That's not surprising, given that the rapidly growing adoption of this technology led to a sharp increase in the revenue and earnings for several companies.Nvidia (NASDAQ: NVDA) is one of the biggest winners of this AI boom. Its share prices shot up 1,400% during this period, far outpacing the 81% gains clocked by the S&P 500 index. But this rapid rise in the past three years has made Nvidia stock tremendously expensive.It is now trading at 28 times sales, a significant premium to the Nasdaq Composite index's average sales multiple of 5.2. Given that Nvidia's terrific growth is likely to taper off in the next couple of years, it may not be a good idea to buy this AI stock right now, given its expensive valuation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool