Best AI Stock 2024: Nvidia Stock vs. IBM Stock

By Parkev Tatevosian, CFA – Jan 9, 2024 at 6:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,595B

Today's Change

(1.43%) $14.81

Current Price

$1,052.80

Price as of May 24, 2024, 1:56 p.m. ET

Nvidia has already experienced a surge in revenue due to AI, and IBM could follow.

Fool.com contributor Parkev Tatevosian compares Nvidia (NVDA 1.43%) and IBM (IBM -0.06%) to determine which is the best AI stock to buy in 2024.

*Stock prices used were the afternoon prices of Jan. 6, 2024. The video was published on Jan. 8, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends International Business Machines. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.