Before You Buy Nvidia: Here's An AI Stock I'd Buy First
Before You Buy Nvidia: Here's An AI Stock I'd Buy First
Generative Artificial intelligence (AI) has been making waves since Chat GPT popularized the concept in November 2022. The biggest beneficiary of this AI wave was Nvidia (NASDAQ:NVDA), as its graphic processing units (GPUs) power AI workload. The stock has surged 800% since November 2022, riding the generative AI wave. This huge surge has made the stock expensive in terms of valuation. While Nvidia is still a stock to buy in the AI boom, you could also consider other stocks adopting AI.
自Chat GPt在2022年11月普及概念以來，生成式人工智能（AI）一直引發轟動。此AI浪潮最大的受益者是英偉達（NASDAQ：NVDA），因爲其圖像處理單元（GPU）可爲AI工作負載提供動力。股票自2022年11月以來上漲了800％，乘風破浪地往前衝。鑑於股票的估值昂貴，儘管英偉達仍是AI繁榮時期的一隻購買股票，但您也可以考慮投資其他採用AI的股票。
Tech stocks that could benefit from the AI boom
可能從AI繁榮中獲益的技術股票
The role of Nvidia in AI is to provide the hardware ecosystem with software support. However, you can monetize on the AI boom by investing across the supply chain.
Nvidia在AI中的作用是爲硬件生態系統提供軟件支持。但是，您可以通過投資整個供應鏈來從AI繁榮中獲利。
AI is a technology that helps computers think and act like humans and deliver more intelligent solutions customized to individual needs. Many companies, from commerce to digital services, are adopting AI solutions to reduce costs and enhance efficiency. Helping these customers is a small tech company Coveo Solutions (TSX:CVO).
AI是一種技術，可幫助計算機像人類一樣思考和行動，並提供量身定製的更智能的解決方案。從商務到數字服務，許多公司正在採用AI解決方案以降低成本並提高效率。幫助這些客戶的是小型科技公司Coveo Solutions（TSX：CVO）。
Coveo Solutions stock
Coveo Solutions股票
Coveo Relevance Augmented Generative Answering (CRGA) platform uses AI to power searches and make recommendations. Many companies are using CRGA to reduce or replace the need for contact centres. It has successfully helped Xero with AI-powered digital transition and is now working on more than 75 large GenAI enterprise projects at various stages.
Coveo Relevance Augmented Generative Answering（CRGA）平台使用AI來提供動力搜索和推薦。許多公司正在使用CRGA來減少或替代聯繫中心的需求。它已成功地幫助Xero實現了AI驅動的數字化轉型，並且現在正在各個階段進行超過75個大型GenAI企業項目的工作。
The companyâs business model is a software-as-a-service (Saas), where it earns money from subscriptions and customer retention. The business model prospers if it can add new customers, cross-sell products to existing ones, and increase average revenue per user while reducing the churn rate. All this is possible if the product is sticky and has fewer alternatives.
該公司的商業模式是軟件即服務（SaaS），它通過訂閱和客戶保留賺錢。如果可以增加新客戶，向現有客戶跨銷售產品，提高每個用戶的平均收入並降低流失率，則該業務模式會繁榮。如果該產品具有黏性並且具有較少的替代品，則所有這些都是可能的。
In the last two years since CRGA was developed, the company has seen 15% annual revenue growth and a 95% average retention rate. Since it is still new, it is spending 43% of its revenue on marketing to acquire more customers. While the growth seems good and steady, the stock is expensive as the fundamentals are still weak. The company is still making a loss, and its FY25 revenue growth guidance is 0 to 3%. The AI-powered search leader needs more scale for revenue to cover its expenses and to break even.
自從CRGA開發以來的最後兩年，該公司的年收入增長了15％，平均保留率爲95％。由於它仍然很新，因此仍將其收入的43％用於營銷以獲取更多客戶。儘管增長看起來良好而穩定，但該股票仍然很昂貴，因爲基本面仍然薄弱。該公司仍在虧損，其FY25收入增長指導爲0至3％。這家AI驅動的搜索領導者需要更大規模才能收支平衡。
On the positive side, if Coveo continues to grow its revenue steadily, it could become profitable. So far, it has reduced its net loss to US$23.6 million in FY24 from US$39.7 million last year. It also has ample cash (US$166.6 million) to fund its losses and grow revenue.
從積極的一面看，如果Coveo繼續穩定增長其收入，它可能會實現盈利。到目前爲止，它已將其淨虧損從去年的3970萬美元降至FY24的2360萬美元。它還有充足的現金（16660萬美元）來資助其損失和增長收入。
Is Coveo the AI stock to buy at the dip?
Coveo是應收購股票嗎？
In July, the stock fell 17% as its biggest shareholder and the only institutional investor, Elliott Investment Management, sold most of its stake in the company. Moreover, the 113% surge in stock price from November 2022 to February 2024 during the AI boom has vanished. Coveo's share price is back to the pre-generative AI level. The noise and speculation around artificial intelligence that inflated Coveoâs stock price has been corrected. However, the company still enjoys good subscription revenue and a high retention rate, making it a buy-and-hold for the long term. CVO has the potential to ride the AI adoption rally.
7月份，這隻股票下跌了17％，因爲它的最大股東和唯一的機構投資者Elliott Investment Management出售了大部分持股。此外，從2022年11月到2024年2月期間由人工智能引起的股價暴漲113％已經消失。Coveo的股價回到了生成式AI水平。人工智能帶來的噪音和猜測已經得到糾正。但是，該公司仍然享有良好的訂閱收入和高保留率，使其成爲長揸的買入-持有股票。CVO有潛力乘坐AI採用的熱潮。
Similar to Coveo, you could invest in other SaaS and technology service companies offering AI-driven solutions, like OpenText and Telus International.
與Coveo類似，您可以投資其他提供基於AI的解決方案的SaaS和技術服務公司，例如OpenText和Telus International。
The post Before You Buy Nvidia: Hereâs An AI Stock Iâd Buy First appeared first on The Motley Fool Canada.
貝爾院士：在購買英偉達之前，請先購買一隻AI股票。
譯文內容由第三人軟體翻譯。