The Best Stocks to Invest $1,000 In Right Now
It’s never too soon or too late to start investing, as stocks have a long track record of helping to build wealth over time. It doesn’t take much money to get started, and with many online brokers now offering commission-free trades, it’s easier than ever. So whether you have $100, $1,000, or $100,000, let’s look at three tech stocks that are good places to start.
Nvidia (NASDAQ: NVDA) is the poster child of the artificial intelligence (AI) boom, as its graphic processing units (GPUs) have become the backbone of AI infrastructure. While originally designed to speed up graphics rendering in video games, GPUs’ fast processing speeds has proven to be very valuable in tasks that require a lot of fast, powerful computing power. As a result, its chips are now the main component used to train AI models and run AI inference.
While Advanced Micro Devices is a competitor in the space, Nvidia developed a wide moat through its CUDA software platform. CUDA was created to allow Nvidia’s GPUs to be programmed for tasks other than graphics render, and as such, developers learned to program GPUs using this software platform. This includes for AI training and inference well before it was in the mainstream like it is today.
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