What Are 3 Great Tech Stocks to Buy Right Now?

Core Viewpoint - The tech sector, particularly artificial intelligence (AI), is a significant driver in the stock market, presenting investment opportunities in leading companies like Nvidia, Advanced Micro Devices (AMD), and Alphabet. Group 1: Nvidia - Nvidia holds a dominant position in the AI chip market with a 92% market share in GPUs as of Q1 [3] - The company's data center revenue reached $39.1 billion in Q1, marking a more than ninefold increase from two years ago [3] - Nvidia's competitive advantage stems from its ecosystem built around its CUDA software platform, which has facilitated the development of numerous tools and libraries for AI tasks [4][5] - The proprietary NVLink technology enhances Nvidia's market position by enabling high-speed communication between multiple GPUs, essential for large AI clusters [6] Group 2: Advanced Micro Devices (AMD) - AMD is positioned as a competitor in the AI space, particularly in AI inference, despite being a distant second to Nvidia in GPUs [7] - The inference market is expected to surpass the training market in size, with AMD's GPUs already being utilized by major AI model companies [8] - AMD is gaining traction in the data center CPU market, contributing to the overall AI infrastructure growth [9] - Collaborations with companies like Intel and Broadcom in the UALink Consortium aim to create open standards for AI chip interconnects, potentially reducing Nvidia's NVLink advantage [10] - AMD's growth in the GPU market, especially in inference, could significantly benefit the company without needing to capture a large share from Nvidia [11] Group 3: Alphabet - Alphabet has successfully leveraged AI to enhance its search business, with search revenue growing 12% to $54.2 billion last quarter [12][13] - The company's AI Overviews are now used by over 2 billion people monthly, contributing to increased global search queries [12] - Google Cloud's revenue surged 32% year over year to $13.6 billion, with operating profit more than doubling to $2.8 billion due to strong AI demand [14] - Alphabet plans to invest $85 billion in capital expenditures this year for data center infrastructure, supported by robust operating cash flow [15] - The Waymo robotaxi business is expanding rapidly, presenting additional growth opportunities for Alphabet [16]