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Picks and shovels are the best AI investments for now.
Artificial intelligence is getting a lot of attention in 2023, but a lot of the coverage is more hype than substance. Behind the scenes, there is a lot of value being created, but it may not be in the areas you think. Chips, cloud services, and security are great ways to invest in AI "picks and shovels," which Travis Hoium highlights in this video.
*Stock prices used were end-of-day prices of Feb. 15, 2023. The video was published on Feb. 21, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and Cloudflare. The Motley Fool has positions in and recommends Alphabet, Apple, Cloudflare, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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