rewrite this title and make it good for SEOHere Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now (Hint: Not Nvidia)

By contrast, IBM’s AI-driven uptrend has only just begun. Fiverr’s stock is actually down in the ChatGPT era, as bearish investors see generative AI as a threat to the company’s freelancers. Some day soon, I expect Wall Street to start seeing these bargains for what they are. Fiverr and IBM are quietly building massive revenue streams in the AI space. Their stocks should eventually follow suit.

Micron seems to stick out like a sore thumb in the valuation table above. How can I call the stock “cheap” when it trades at 900 times free cash flows and 146 times trailing earnings?

The trick is to look forward instead of backward. The memory chip market endured a deep downturn when the ChatGPT boom kicked off. Micron’s sales growth is back on track and its cash profits recently swung back into positive territory after a deep dip in red ink:

Micron’s nosebleed-inducing valuation ratios are based on profits just above the breakeven line, but the future trend will change the math.

“We are entering fiscal 2025 with the strongest competitive positioning in Micron’s history,” CEO Sanjay Mehrotra said in October’s fourth-quarter earnings call. “We look forward to delivering a substantial revenue record with significantly improved profitability in fiscal 2025.”

As a result, Micron’s forward-looking valuation is an absolute bargain. The company saw bottom-line earnings of $1.30 per share in fiscal year 2024. Your average analyst expects full-year earnings of roughly $8.93 per share in the just-started fiscal 2025, expanding to $12.86 per share in 2026. So if you focus on the forward price-to-earnings ratio, Micron stands out as an incredible value right now.

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On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $380,291!*

Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,278!*

Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $484,003!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of November 18, 2024

Anders Bylund has positions in Fiverr International, International Business Machines, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Fiverr International and Nvidia. The Motley Fool recommends International Business Machines. The Motley Fool has a disclosure policy.

Here Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now (Hint: Not Nvidia) was originally published by The Motley Fool