Stocks to Play AI. Here are 8 Ideas.

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Shares of Nvidia have more than doubled this year, as a consensus winner in the AI race.

Andre Malerba/Bloomberg

Investors continue to scramble for new ways to play the mania over artificial intelligence software. From here, they’re going to have to think a little more outside the box.

The obvious bets are so well known that it seems everyone owns them. The consensus big winner is


(ticker: NVDA), which makes graphics processors used to train the large language models at the heart of generative AI. Nvidia shares have more than doubled this year already, and the company now ranks as the fifth most valuable tech stock, ahead of

Meta Platforms

(META) and




(MSFT) was the market’s first pick on AI software, given its large stake in ChatGPT creator OpenAI and the introduction of AI features into a host of Microsoft applications. The stock is up 33% this year, and has a market value of $2.4 trillion, trailing only



(GOOGL) shares were shunned earlier this year after Microsoft unveiled an AI-powered version of its Bing search engine. But Alphabet has been investing in AI for at least a decade and recently announced AI advancements of its own. The stock is up 39% in 2023. Also creeping into the discussion:


(ORCL), which has an agreement to host Nvidia-powered supercomputing services on the Oracle…


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