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Unveiling the AI Titans: A Close Look at Top Stocks in September 2024


The realm of artificial intelligence (AI) in the stock market is a dynamic domain pulsating with companies steering the course of intelligent machines. Ranging from tech behemoths to nimble startups, these enterprises are ardently crafting diverse AI applications. Owning AI stocks translates to a stake in businesses deeply immersed in, or harnessing, AI technologies. This sector has captivated significant interest owing to AI’s potential to metamorphose industries and boost productivity.

Delving into AI stocks can unearth substantial growth prospects as AI assimilation burgeons across verticals. Many AI firms spearhead technological breakthroughs, potentially birthing disruptive products or services. The sector might reap the rewards of escalated corporate and governmental investments in AI technologies. Nevertheless, AI stocks come with associated risks. The technology is evolving, casting success as uncertain. Numerous AI enterprises are yet to turn a profit, directing their focus toward research and development. The AI landscape brims with cut-throat competition amidst rapid technological vicissitudes.

The Leading Lights in AI Stocks

  • NVIDIA Corporation (NASDAQ: NVDA)
  • Alphabet Inc. (NASDAQ: GOOGL)

A Glimpse at NVIDIA Corp. (NVDA Stock)

best tech stocks to buy right now (NVDA Stock)

Kicking off the parade, NVIDIA Corporation (NVDA) is a tech entity renowned for its design and production of graphics processing units (GPUs). Initially fixated on gaming, NVIDIA has broadened its horizons to embrace artificial intelligence, data centers, and autonomous vehicles. Their GPUs garner widespread adoption in high-performance computing, machine learning, and scientific exploration.

Recently, NVIDIA unfurled its financial and operational performance for the second quarter of 2025. Delving into specifics, the tech juggernaut disclosed earnings of $0.70 per share, besting forecasts pegged at $0.65 per share. Furthermore, in Q2 2025, NVIDIA clocked revenue of $30.04 billion vis-à-vis consensus revenue estimations hovering at $28.24 billion. Moreover, a 122.40% revenue upsurge was noted juxtaposed against the corresponding period in the prior year.

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Gauging the preceding month’s trading activity, NVDA stock has manifested a 2.58% upswing. Preceding Friday’s market commencement, NVIDIA’s stock quoted at around $118.91 per share.

Evaluating Alphabet Inc. (GOOGL Stock)

GOOGL stock

Stepping into the limelight, Alphabet Inc. (GOOGL) stands tall as a multinational tech conglomerate, parent to Google. They helm a diverse array of internet-based services and products, including the globe’s premier search engine. Alphabet’s realm spans online advertising, cloud computing, artificial intelligence, software, and hardware development.

In July, Alphabet unveiled its financial report for the second quarter of 2024. Delving deep, the company divulged Q2 2024 earnings per share of $1.89 and revenue tallying $84.74 billion. This stands against analyst projections of an EPS pegged at $1.85 per share and revenue estimates hovering at $84.20 billion. Additionally, revenue witnessed a 13.59% climb on a year-over-year timeline.

In the bygone month of trading, Alphabet stock saw a 5.77% retracement. Nonetheless, during the premarket trade on Friday, shares of GOOGL stock inched higher, premarket, by 0.78% trading at $155.90 per share.