2 Artificial Intelligence Stocks to Buy With $2,000

Core Viewpoint - The stock market has experienced volatility, but investing in strong growth stocks, particularly in the AI sector, can yield significant long-term wealth [1][2]. Group 1: ServiceNow - ServiceNow is a leading provider of AI software that enhances business workflows and operational efficiency, with strong demand from major clients including the U.S. government [3][4]. - The company reported a 19% year-over-year growth in subscription revenue for Q1, surpassing expectations, and closed 72 deals exceeding $1 million in net new annual contract value [4][6]. - ServiceNow's Pro Plus AI offerings saw a 150% year-over-year increase in deal volume, indicating robust demand for advanced AI features [5]. - The U.S. public sector revenue for ServiceNow grew over 30% year-over-year in Q1, benefiting from government efficiency initiatives [6]. - The company is positioned as a key solution for organizations seeking to adopt AI, driven by the urgent need to reduce costs and enhance efficiency [7]. - Following its Q1 earnings results, ServiceNow's stock surged 23%, yet it remains over 30% below its recent highs, with analysts projecting a 30% annualized earnings growth [8]. Group 2: Nvidia - Nvidia is the leading supplier of GPUs, essential for AI training applications, and has a highly profitable business with $73 billion in trailing-12-month net income [9][10]. - The company's GPUs have been instrumental in training AI models like OpenAI's ChatGPT, with major clients including Amazon Web Services and Google Cloud [11]. - Nvidia's new Blackwell chips are in high demand, with revenue expected to increase by 55% to $201 billion this year [11]. - The annual spending on data center infrastructure, Nvidia's largest market, is projected to reach $1 trillion, with the potential for GPU-based computing systems to be worth hundreds of billions to trillions [12]. - Analysts anticipate Nvidia's earnings to grow over 35% annually in the coming years, with shares currently trading at 22 times this year's consensus earnings estimate, which is considered modest for such growth rates [13].