In this piece, we will take a look at the 10 best telecom stocks to buy right now.
The telecommunications industry is at a critical juncture as it navigates an era of rapid technological advancement and escalating data demands. Over the coming years, global data consumption is expected to surge dramatically, nearly tripling from 3.4 million petabytes (PB) in 2022 to 9.7 million PB by 2027. This massive increase is driven largely by the growing consumption of video content, which will account for approximately 79% of this data. Despite this exponential rise in data usage, telcos face a challenging financial landscape. Revenue growth from internet access is projected to remain modest, with a compound annual growth rate (CAGR) of only 4%, reaching $921.6 billion by 2027. This slow revenue growth contrasts with the substantial capital required for network upgrades and expansions.
According to PWC report “Perspectives from the Global Telecom Outlook 2023–2027”, to meet the rising data demand and stay competitive, telecommunications companies will need to invest heavily in infrastructure. The ongoing transition to 5G technology and the deployment of other advanced network standards will drive significant expenditures. By 2027, telcos are expected to invest around $342.1 billion in network enhancements. This includes the expansion of fibre networks and the adoption of Open Radio Access Networks (Open RAN), which aim to improve interoperability among devices and providers.
In response to these evolving demands, telcos are increasingly focusing on diversifying their service offerings beyond traditional connectivity. The Internet of Things (IoT) represents a major growth opportunity, with expectations for a substantial rise in connected devices. The number of IoT devices is projected to increase from 16.4 billion in 2022 to 25.1 billion by 2027. This growth will be driven by innovations in various sectors, including healthcare, where medical IoT devices are anticipated to double, reflecting a CAGR of 16.7%. The expansion of private 5G networks and edge computing services will further enhance the capabilities of telcos to meet the diverse needs of their business customers.
The shift towards advanced technologies like 5G presents both opportunities and challenges. The initial wave of capital expenditures on 5G infrastructure is nearing its peak, with future investments likely to focus on optimizing and scaling existing networks rather than extensive new deployments. This trend is expected to impact the financial strategies of telecom companies, as they will need to manage substantial investments while also seeking efficiencies and cost control. The growth in capital expenditure for 5G and fibre infrastructure will be accompanied by a rising focus on operational efficiency and monetization strategies.
In addition to network enhancements, telcos will need to foster collaboration across the broader ecosystem to thrive in this evolving landscape. Partnerships with technology providers, cloud services, and other stakeholders will be crucial for developing and delivering advanced services. Companies that excel in integrating these diverse technologies and creating seamless solutions will be better positioned to capture emerging opportunities in areas such as private networks and digital infrastructure.
In conclusion, the telecom industry is entering a period of significant transformation, characterized by rapid technological advancements and evolving consumer demands. To succeed, telcos must navigate the complex challenges of heavy investment requirements while exploring new growth avenues. Strategic partnerships, operational efficiency, and a focus on innovative technologies will be essential for companies aiming to excel in this competitive and dynamic environment.
Our Methodology
We used telecom sector ETFs plus online rankings to compile an initial list of the best telecom stocks to buy now. We narrowed our list to the 10 stocks that analysts see the most upside to. The list is sorted in ascending order of analysts’ average upside potential, as of August 13. Note: We only included companies whose primary business is in the telecom industry.
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10. Charter Communications, Inc. (NASDAQ:CHTR)
Average Analyst Share Price Target Upside: 1.38%
Average Analyst Share Price Target: $360.93
At number ten on our list of 10 best telecom stocks to buy right now is Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) has an average analyst price target of $360.93, reflecting a modest upside of 1.38%, indicating limited near-term growth expectations. On July 29, Evercore ISI raised its price target for Charter Communications, Inc. (NASDAQ:CHTR) to $425 from $350, maintaining an Outperform rating. Despite a challenging environment, Charter Communications, Inc. (NASDAQ:CHTR) exceeded expectations in key financial metrics. The anticipated negative impact from the sunset of the Affordable Connectivity Program (ACP) in Q2 was less severe than expected. While there’s some uncertainty about non-pay churn in Q3, it appears manageable. Charter’s core broadband trends remain stable, with strong mobile net additions and positive standalone mobile EBITDA. Management’s expense control and a slight reduction in the capex forecast were also noted, with a positive outlook for the second half of 2024 and 2025 supported by healthy broadband APRU growth.
On July 26, Charter Communications, Inc. (NASDAQ:CHTR) delivered strong quarterly results, with both EPS and revenue surpassing expectations. The company reported a normalized EPS of $8.49, beating estimates by $0.49. Revenue also impressed, reaching $13.69 billion, outpacing projections by $89.61 million. These results highlight Charter Communications, Inc. (NASDAQ:CHTR) robust performance and ability to navigate a challenging environment, reinforcing investor confidence in its growth trajectory.
Parnassus Value Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its first quarter 2024 investor letter:
“During the quarter, we added new positions in Pfizer, NICE and Charter Communications, Inc. (NASDAQ:CHTR). NICE is a leading cloud contact center software company. Charter’s stock had fallen due to near-term concerns, which we believe will not have a major impact on the long-term value of the business. Charter Communications has had several issues that created short-term uncertainty. We assessed that these issues have limited impacts on the long-term value of the business and initiated a position to take advantage of the stock’s historically low valuation.”
09. T-Mobile US, Inc. (NASDAQ:TMUS)
Average Analyst Share Price Target Upside: 1.94%
Average Analyst Share Price Target: $198.63
T-Mobile US, Inc. (NASDAQ:TMUS) has an average analyst price target of $198.63, offering a slight upside of 1.94%, suggesting steady but limited potential for near-term gains. On August 13, in a strong show of market confidence, T-Mobile US, Inc. (NASDAQ:TMUS) stock hit a new all-time high at $195.33. This achievement highlights the company’s substantial growth over the past year, with its stock value surging by an impressive 40.02%. On July 31, T-Mobile US, Inc. (NASDAQ:TMUS) announced its latest quarterly earnings, reporting a normalized EPS of $2.50, beating estimates by $0.21. The company also delivered strong revenue of $19.77 billion, surpassing projections by $200.33 million. These results underscore T-Mobile US, Inc. (NASDAQ:TMUS) continued momentum and ability to outperform in a competitive market, further solidifying its position as a leading player in the industry. Analyst firms Barclays, TD Cowen, Scotiabank, and RBC Capital have all raised their price targets for T-Mobile US, Inc. (NASDAQ:TMUS), signaling strong confidence in the company’s growth prospects.
T-Mobile US, Inc. (NASDAQ:TMUS) offers a forward dividend yield of 1.33%, with an annual payout of $2.60 and a payout ratio of 30.93%. The last announced dividend was $0.65, with an ex-dividend date of August 30, and a payout date scheduled for September 12.
ClearBridge Dividend Strategy made the following comment about T-Mobile US, Inc. (NASDAQ:TMUS) in its Q3 2023 investor letter:
“During the quarter we initiated positions in two new names: T-Mobile US, Inc. (NASDAQ:TMUS) and Gilead Sciences. T-Mobile is the best-in-class player in the wireless space, delivering the strongest growth with the lowest cost structure and the best consumer proposition. T-Mobile’s strength is rooted in its advantaged competitive position. Its superior spectrum holdings enable it to provide better wireless service at meaningfully lower cost. T-Mobile’s annual capital expenditures run about $10 billion, on the order of half the amount its peers must spend. Due to its lower cost structure, T-Mobile can undercut its competitors on price while still generating compelling profitability and returns.
This combination — superior service at lower prices — has enabled T-Mobile to outgrow its competition. In the three years since completing its merger with Sprint, T-Mobile has grown its post-paid subscriber base by about 22%. Over the same period, AT&T’s has grown by about 14%, while Verizon’s by less than 5%.
Given the high fixed-cost nature of the wireless business, these steady increases in revenue growth have led to outsize increases in profits and free cash flow. Free cash flow in 2023 is expected to come in around $13.5 billion, up from less than $8 billion last year. In 2024 free cash flow is expected to grow by over 20% to approximately $17 billion — providing a 10% yield based on today’s stock price.
We have long admired T-Mobile, but until recently the stock did not pay a dividend. The company announced its inaugural dividend in September, and we bought the stock shortly thereafter. The initial yield is about 2% and it is expected to grow about 10% per year.”
08. American Tower Corporation (NYSE:AMT)
Average Analyst Share Price Target Upside: 2.14%
Average Analyst Share Price Target: $230.42
At number eight is American Tower Corporation (NYSE:AMT) which has an average analyst price target of $230.42, indicating a modest upside of 2.14%, reflecting cautious optimism about the company’s near-term growth potential. On August 13, Citi raised its price target for American Tower Corporation (NYSE:AMT) from $215 to $255, maintaining a Buy rating. Citi anticipates American Tower Corporation (NYSE:AMT) will meet its 2024 financial goals despite potential fluctuations from its India divestiture. The firm expects enhanced growth prospects and financial flexibility by 2025, which could lead to increased returns or strategic acquisitions. Citi’s upgraded target reflects lower interest rates and a premium for strong portfolio performance, especially in developed markets. Overall, Citi remains confident in American Tower Corporation (NYSE:AMT) future performance and strategic positioning.
American Tower Corporation (NYSE: AMT) offers a forward dividend yield of 2.87%, with an annual payout of $6.48 and a payout ratio of 60.75%. The company has a 5-year dividend growth rate of 13.71% and has increased its dividend for 11 consecutive years. On July 30, American Tower Corporation reported strong quarterly results, with normalized FFO of $2.89, beating estimates by $0.30. Revenue of $2.90 billion also surpassed expectations by $83.42 million. These results highlight the company’s solid performance and financial strength, reinforcing its positive growth outlook. American Tower Corporation (NYSE:AMT), however, has a year-to-date price return of 3.14%, lagging behind the S&P 500’s 13.93% return. This suggests that while American Tower Corporation (NYSE:AMT) has shown modest gains, it has underperformed relative to the broader market index.
ClearBridge Global Infrastructure Value Strategy stated the following regarding American Tower Corporation (NYSE:AMT) in its first quarter 2024 investor letter:
“Portuguese renewables utility Energias de Portugal (EDP) and U.S. communications company American Tower Corporation (NYSE:AMT) were among the largest detractors. American Tower is a leading independent owner, operator and developer of wireless and broadcast communications infrastructure. The company has 41,000 sites in the U.S. and a further 139,000 sites across 19 countries, predominantly emerging markets (75,000 in India, 40,000 in Latin America and 18,000 in Africa). Shares underperformed as the market favored more cyclical sectors, while tower stocks, being notably sensitive to interest rates, experienced further declines due to the uptick in bond yields.”
07. Arista Networks, Inc. (NYSE:ANET)
Average Analyst Share Price Target Upside: 3.60%
Average Analyst Share Price Target: $353.38
Arista Networks, Inc. (NYSE:ANET) has achieved a year-to-date price return of 47.00%, significantly outperforming the S&P 500’s 13.93% return. Arista Networks, Inc. (NYSE:ANET) growth, driven by its focus on Ethernet switches, strengthens its market position despite customer concentration risks. With an 11.1% market share and declining competition from Cisco, Arista is set to thrive amid rising demand for advanced networking solutions from cloud and IoT expansion. On July 30, Arista Networks, Inc. (NYSE:ANET) reported strong quarterly earnings, with normalized EPS of $2.10, exceeding estimates by $0.16. Revenue came in at $1.69 billion, surpassing projections by $38.98 million. Arista Networks, Inc. (NYSE:ANET) expects Q3 2024 revenue to range between $1.72 billion and $1.75 billion, slightly above the analyst consensus of $1.73 billion. On August 7, Arista Networks, Inc. (NYSE:ANET) announced that Alabama Fiber Network (AFN) has chosen it to supply routing and switching equipment for a major middle-mile network project. This initiative, part of the $340 million investment supported by Alabama’s Be Linked Alabama program, aims to provide high-capacity, reliable internet access across rural Alabama. AFN’s network will span over 6,600 miles, reaching all 67 counties.
Madison Mid Cap Fund stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its Q2 2024 investor letter:
“We trimmed our positions in Arista Networks, Inc. (NYSE:ANET) and Carlisle Companies. Both of these companies have witnessed strong multi-year growth in their stock prices, which have resulted in elevated valuations. While we remain confident in the long-term prospects of both of these businesses, we trimmed our holdings to more appropriate position sizes given the risk/reward offered.”
06. Verizon Communications Inc. (NYSE:VZ)
Average Analyst Share Price Target Upside: 12.98%
Average Analyst Share Price Target: $45.78
Verizon Communications Inc. (NYSE:VZ) has an average analyst price target of $45.78, offering a potential upside of 12.98%, reflecting optimism about the company’s growth prospects. In a recent development, on August 13, Verizon, the Atlanta Hawks, and State Farm Arena announced a new partnership for the 2024-25 season. As the Official 5G Wireless and Technology Partner, Verizon will boost connectivity at the arena with advanced network upgrades. The partnership will improve fan experiences and streamline event access and concessions. Verizon has already installed extensive 4G LTE and 5G coverage throughout the arena. This collaboration aims to strengthen Verizon Communications Inc. (NYSE:VZ) ties with Atlanta and support the city’s cultural and sporting scene.
Verizon Communications Inc. (NYSE:VZ) offers a forward dividend yield of 6.56%, with an annual payout of $2.66 and a payout ratio of 57.83%. The company has a 5-year dividend growth rate of 1.99% and has increased its dividend for 19 consecutive years. On August 13, TD Cowen upheld its Buy rating and $51.00 price target for Verizon Communications (NYSE: VZ). Key updates from a recent investor meeting include Verizon’s cautious stance on AI phone upgrades and its plan to complete C-Band spectrum deployment by end-2025. Verizon Communications Inc. (NYSE:VZ) reported a 3.5% increase in wireless service revenue, a 69% rise in subscribers, and improved Q2 2024 adjusted EBITDA of $12.3 billion, alongside a $3.2 billion reduction in net unsecured debt.
Ariel Global Fund stated the following regarding Verizon Communications Inc. (NYSE:VZ) in its fourth quarter 2023 investor letter:
“Global communications and technology leader, Verizon Communications Inc. (NYSE:VZ) also traded higher in the period following solid earnings results, highlighted by postpaid consumer net additions and an upward revision to free cash flow guidance. From a competitive and financial standpoint, we view Verizon to be among one of the best positioned telecoms in the world. The company’s solid long-term fundamentals are underscored by its predictable, recurring revenue streams and ~7% dividend yield. At current levels, Verizon is trading near an all-time low valuation presenting a compelling total return story for patient investors.”
05. AT&T Inc. (NYSE:T)
Average Analyst Share Price Target Upside: 14.88%
Average Analyst Share Price Target: $22.33
Number five on our list of ten best telecom stocks to buy right now is AT&T Inc. (NYSE:T). AT&T Inc. (NYSE: T) has an average analyst price target of $22.33, indicating a potential upside of 14.88%. On July 24, AT&T Inc. (NYSE:T) reported earnings with normalized EPS of $0.57, in-line with expectations. Revenue came in at $29.80 billion, falling short of forecasts by $184.01 million. Despite the revenue miss, AT&T Inc. (NYSE:T) solid EPS performance and ongoing strategic initiatives suggest a focus on long-term growth and operational improvements. AT&T Inc. (NYSE:T) has a forward dividend yield of 5.71% with an annual payout of $1.11 and a payout ratio of 48.26%. AT&T Inc. (NYSE: T) has delivered a year-to-date price return of 16.33%, outperforming the S&P 500’s 13.93% return.
Miller Value Income Strategy made the following comment about AT&T Inc. (NYSE:T) in its Q3 2023 investor letter:
“Our third-largest holding at quarter end was AT&T Inc. (NYSE:T), a leading provider of communications and connectivity services in the US. At $15/share, the stock trades at the same price it did almost thirty years ago. The share price is much less interesting to us in relation to where it has traded in the past than in relation to how much cash the company generates and what management is doing with it. At just over 6x earnings, the stock trades near its lowest price-to-earnings (P/E) multiple ever, also representing close to its largest-ever P/E discount to the stock market. The business converts most of its earnings to free cash flow, implying a forward free cash flow yield north of 15%. Just under half of free cash flow is going toward the dividend (7.5% yield), while much of the balance is going to debt paydown. In other words, if the stock does not fall below its lowest-ever valuation, investors clip a rock-solid 7.5% in cash, while owning a growing portion of a very steady business as management reduces debt outstanding. A discounted cash flow model will suggest that intrinsic value for shares begins with a “2,” suggesting the stock is undervalued on an absolute basis. The lack of volatility in the underlying fundamentals also makes it unique when compared to many other things we own, which reduces the probability of permanent capital impairment and argues for a significant weight in the portfolio.
AT&T looks particularly attractive when compared to some of the larger names dominating the S&P 500. Compare the stock to Apple, for instance, whose revenues and profits are likely to shrink this year, even as it trades at 29x this year’s earnings estimate. The ongoing return to rationality and capital accountability, along with extreme valuations in the megacap tech stocks, have us more excited about our portfolio’s prospects than we can remember for quite some time. As always, we remain the largest investors and welcome any questions or comments.”
04. Extreme Networks, Inc. (NASDAQ:EXTR)
Average Analyst Share Price Target Upside: 17.69%
Average Analyst Share Price Target: $15.90
Extreme Networks, Inc. (NASDAQ:EXTR) has seen a 40% drop in its stock price, largely due to a decline in equipment sales as distribution channels realign after COVID-induced shortages. Despite this, the company remains strong in SaaS and support revenue growth and generates healthy free cash flow. Analysts are divided on the stock’s future, with some forecasting a rebound, but recent insider sales suggest a cautious approach may be prudent. On August 7, Extreme Networks, Inc. (NASDAQ:EXTR) reported earnings with normalized EPS of -$0.08, missed by $0.21. Revenue was $256.65 million, surpassing expectations by $3.44 million. Despite the EPS shortfall, the revenue beat suggests stronger-than-anticipated sales performance and potential resilience. Extreme Networks, Inc. (NASDAQ:EXTR) has an average analyst price target of $15.90, representing a potential upside of 17.69%.
Alger Small Cap Growth Fund stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its fourth quarter 2023 investor letter:
“Extreme Networks, Inc. (NASDAQ:EXTR) specializes in comprehensive, cloud-native networking solutions, combining the design and production of network infrastructure equipment with its exclusive cloud management platform and a wide range of applications. We consider their Wi-Fi and switching equipment and software to be among the top choices for enterprises, managed efficiently over the cloud. Their latest offering, universal equipment, now integrates computing, security, and Al capabilities directly at the enterprise level. This expands their Total Addressable Market (TAM) significantly. During the quarter, the company reported strong fiscal first quarter results, where revenues beat analyst estimates, resulting in margin expansion and higher than expected free cash flow generation. However, management lowered their fiscal full year revenue guidance, citing macroeconomic weakness as enterprises continue to delay network upgrades. As a result, shares detracted from performance.”
03. Comcast Corporation (NASDAQ:CMCSA)
Average Analyst Share Price Target Upside: 17.72%
Average Analyst Share Price Target: $45.78
Comcast Corporation (NASDAQ:CMCSA), a prominent media and entertainment conglomerate, operates across cable, broadcasting, film, streaming, live entertainment, and theme parks. With a market capitalization of $150 billion, Comcast Corporation (NASDAQ:CMCSA) is a major player in the industry. Despite the decline in cable TV, Comcast is thriving through its diversified assets, including the Peacock streaming service and broadband connectivity. Comcast Corporation (NASDAQ:CMCSA) is projected to rise by 17.72% to an average analyst target of $45.78, signaling optimistic growth expectations despite current challenges. For the latest quarter ending July 23, the company reported a normalized EPS of $1.21, exceeding forecasts by $0.09. Revenue of $29.69 billion fell short of expectations by $332.68 million, reflecting challenges in meeting top-line targets despite solid earnings performance. The company’s forward dividend yield is 3.17%, with an annual payout of $1.24 and a payout ratio of 28.78%. Over the past five years, dividends have grown at an average rate of 8.45%, and the dividend has been increased for six consecutive years. The most recent dividend of $0.31 will be paid on October 23, with an ex-dividend date set for October 2.
ClearBridge Small Cap Strategy made the following comment about Extreme Networks, Inc. (NASDAQ:EXTR) in its Q4 2022 investor letter:
“Stock selection in the information technology (IT) sector was the leading contributor to relative outperformance in the fourth quarter, benefiting from strong idiosyncratic drivers that helped our holdings overcome increased economic uncertainty. Extreme Networks, Inc. (NASDAQ:EXTR), one of the Strategy’s top-performing holdings, provides networking solutions worldwide through wired and wireless network infrastructure equipment and software development for network management, policy, analytics, security, and access controls. The company continues to exceed expectations thanks to its progress in consolidating its multiple offerings within a single platform and higher recurring software sales. As a result, the company has been able to accelerate its revenue growth and improve its profitability to the benefit of shareholders.”
02. Cisco Systems, Inc. (NASDAQ:CSCO)
Average Analyst Share Price Target Upside: 25.22%
Average Analyst Share Price Target: $56.47
Number two on our list of ten best telecom stocks to buy right now is Cisco Systems, Inc. (NASDAQ:CSCO). Cisco Systems, Inc. (NASDAQ:CSCO) forward dividend yield stands at 3.57%, with an annual payout of $1.60 per share. The company’s payout ratio is 39.25%, reflecting a solid balance between rewarding shareholders and retaining earnings. Over the past five years, the dividend growth rate has been 3.04%, and it has a strong track record of increasing its dividend for 12 consecutive years. In recent development, Cisco is poised to announce another round of layoffs, potentially affecting thousands, as it shifts focus to cybersecurity and AI. This second wave of cuts could match or exceed the 4,000 jobs lost in February. Cisco’s workforce, around 84,900 as of July 2023, does not yet include the February reductions. Cisco’s stock fell nearly 1% on August 9 after the news and has dropped over 10% this year. The company is diversifying its offerings, including a $28 billion acquisition of cybersecurity firm Splunk and significant investments in AI.
Analysts project an average target price of $56.47 for Cisco Systems, Inc. (NASDAQ:CSCO), suggesting a potential upside of 25.22%. This optimistic outlook reflects confidence in Cisco’s strategic shift toward high-growth areas like cybersecurity and AI, despite recent challenges and layoffs.
Oakmark Fund made the following comment about Cisco Systems, Inc. (NASDAQ:CSCO) in its Q3 2023 investor letter:
“Cisco Systems, Inc. (NASDAQ:CSCO) is the leading networking solutions company. Networking equipment becomes more important as businesses modernize their IT infrastructure, and Cisco is well positioned to capture this demand given its broad portfolio and highly effective go-to-market strategy. Cisco is transitioning away from selling mainly transactional hardware and toward selling more software and subscriptions. This shift is expected to accelerate revenue growth, improve operating margins and build recurring revenue. Despite these notable business improvements, Cisco still trades near a trough valuation relative to the S&P 500 Index. More recently, Cisco announced its intention to acquire Splunk, a leader in security and observability, adding to its already strong position in the increasingly important security market. At a low-teens multiple of our estimate of normalized earnings, Cisco is trading comfortably below our estimate of intrinsic value.”
01. Liberty Broadband Corporation (NASDAQ:LBRDK)
Average Analyst Share Price Target Upside: 57.24%
Average Analyst Share Price Target: $98.67
Topping our list of 10 best telecom stocks to buy right now is Liberty Broadband Corporation (NASDAQ). Liberty Broadband Corporation (NASDAQ) presents a notable upside potential, with analysts projecting a 57.24% increase in its share price, targeting an average of $98.67. According to analysts, Liberty Broadband Corporation (NASDAQ:LBRDK) stands at a 50% discount to its net book value due to recent challenges and structural changes following its merger with GCI. The company’s stock offers significant upside potential if the current holding structure is realigned, potentially enhancing shareholder value. Despite recent struggles, including underperformance compared to Charter Communications, Liberty Broadband Corporation (NASDAQ:LBRDK) remains a candidate for substantial gains if its corporate strategy shifts. Adding to the company’s challenges, its latest earnings report revealed an EPS of $1.36, missing estimates by $0.19, while revenue of $246.00 million fell short of expectations by $725,000. Despite recent underperformance and a substantial discount to net book value, the company’s strategic restructuring and realignment could significantly enhance shareholder value. If the discount narrows as expected, Liberty Broadband Corporation (NASDAQ:LBRDK) could realize considerable gains, making it a stock worth monitoring for potential investment opportunities.
While we acknowledge the potential for LBRDK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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