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Nov. 23, 2024, 8:34 a.m.
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Top Underrated AI Investment Opportunities for Fall 2024: IBM, Micron, and Fiverr

There are numerous ways to invest in the artificial intelligence (AI) boom. Many investors gravitate towards Nvidia, an AI hardware designer, which has transformed from a video gaming accelerator company into one of the world's most valuable firms. While Nvidia is impressive, its stock may have risen too quickly. Currently, there are more reasonable AI investment options. I believe IBM, Micron Technology, and Fiverr International present stronger opportunities in fall 2024. **Catch the Morning Scoop!** Stay informed with Breakfast News, a quick, free, and insightful daily newsletter. Sign Up Today » **Unconventional AI Players** This trio might not be the most apparent AI investments, but they have strong ties to the growing generative AI market from unique perspectives: IBM focuses on enterprise-class AI tools rather than consumer-friendly ones. Its features like auditable data flows and integration with business intelligence tools aren’t headline-grabbing but lead to long-term contracts with big corporations.

Consequently, IBM's generative AI platform has secured $3 billion in service contracts in less than two years since its launch. Micron specializes in designing and manufacturing high-speed memory chips instead of AI accelerators. The extensive systems needed to train and run generative AI platforms demand vast memory, as do next-gen smartphones with AI features. Micron's chips are thus in high demand due to these AI developments. Fiverr leverages generative AI in two main ways. Its freelance marketplace heavily utilizes AI technologies, and the company offers AI-related freelance services. Creating and managing AI systems requires human expertise to maximize business value, making Fiverr’s AI services a significant growth engine. Data sourced from YCharts and Finviz as of November 21, 2024. **Attractive Valuations**



Brief news summary

The AI market offers promising investment opportunities beyond the well-known Nvidia, which has already seen substantial stock growth. Companies like IBM, Micron Technology, and Fiverr International are playing key roles in AI's expansion, anticipated to thrive by fall 2024. IBM focuses on enterprise-level AI solutions, emphasizing auditable data flows and business intelligence integration. This approach has secured $3 billion in service contracts since its AI platform launch two years ago. Micron Technology is crucial in producing high-speed memory chips, essential for generative AI platforms and AI-enabled smartphones, ensuring consistent demand. Fiverr International utilizes AI to enhance its platform by optimizing the freelancer-client matching process and growing AI-related services, positioning AI as a critical growth driver. These companies present attractive investment opportunities due to their significant contributions to AI industry growth and the industry's ongoing development.

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Top Underrated AI Investment Opportunities for Fall 2024: IBM, Micron, and Fiverr

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