Even within the hot technology space, there are still stocks trading at attractive valuations. This includes a few top artificial intelligence (AI) stocks. Let's look at three ready for a bull run.
Nvidia
While Nvidia (NVDA 1.24%) isn't often mentioned when talking about bargain stocks, a case can certainly be made that the stock is currently trading at a bargain valuation. With a forward price-to-earnings (P/E) ratio of around 25 times based on analyst 2026 consensus, and a forward price/earnings-to-growth (PEG) ratio of under 0.7, Nvidia's stock is downright cheap for a company with its growth.
NASDAQ: NVDA
Key Data Points
Nvidia has established itself as the leader in AI infrastructure, as its graphics processing units (GPUs) are the main chips used to power AI workloads. Meanwhile, its CUDA software platform and networking portfolio have helped create a wide moat. With data center infrastructure spending expected to continue to grow rapidly over the next few years, Nvidia is a bargain tech stock to own.
Image source: Getty Images.
Taiwan Semiconductor Manufacturing
Another attractively valued stock in the AI infrastructure space is Taiwan Semiconductor Manufacturing (TSM 4.37%), which is the world's leading manufacturer of advanced chips. Despite the company having a near monopoly on making advanced chips like GPUs, the stock trades at just a forward P/E of 23 times and a PEG of below 0.7 times.
NYSE: TSM
Key Data Points
The foundry is working closely with its customers to increase its capacity to meet the strong demand for its customers' AI chips. Meanwhile, as the only company that can make these chips at scale with few defects, it has gained strong pricing power, which is also helping it boost its gross margins. Taiwan Semiconductor sees its AI revenue growing by more than a 50% annual clip until 2029, making it a bargain growth stock.
Meta Platforms
Trading at a forward P/E of 24 times 2026 analyst estimates and a PEG of below 0.9 times, Meta Platforms (META 2.41%) is another bargain tech growth stock. The company just grew its revenue by 24% in Q4, and projected its revenue growth to accelerate in Q1.
NASDAQ: META
Key Data Points
Meta's growth is powered by its AI initiatives. It uses AI to improve its recommendation algorithm, which both draws in more users and keeps them on its sites longer. At the same time, its AI tools help advertisers better target users and increase conversions, which leads to higher ad prices.
With Meta also just starting to serve ads on its popular messaging platform WhatsApp and newest social media site Threads, the company has a lot of growth still in front of it.
