2 Top Artificial Intelligence Stocks to Buy in August

Group 1: Micron Technology - Micron Technology is currently viewed as a bargain, with its stock trading at just 9.2 times forward earnings estimates and a PEG ratio of 0.2, indicating skepticism about its growth potential [5][6] - The company has experienced a 58% increase in sales over the past two years, and its free cash flows have improved from a negative $4.7 billion to a positive $1.9 billion [6] - Micron is a key memory provider for Nvidia's AI accelerators, and the demand for memory in modern smartphones is increasing due to built-in AI functions, suggesting ongoing growth catalysts [6][7] Group 2: Alphabet Inc. - Alphabet's stock has only gained 3% in 2025, significantly lagging behind competitors like Nvidia, which saw a 31% increase [8] - The valuation metrics indicate that Alphabet's stock could double in price and still appear affordable compared to high-flying stocks like Nvidia [8] - Alphabet has diversified interests beyond search and advertising, including YouTube, Waymo, and Google Cloud, positioning itself for long-term growth in various tech sectors [12][13][14]