AI Spending Could Soar 600%: 2 Brilliant AI Stocks to Buy in September (Hint: Not Nvidia or Palantir)

Morgan Stanley analysts estimate artificial intelligence (AI) spending across infrastructure and software will increase more than 600% by 2028. Buying stock in Nvidia and/or Palantir has been a popular way to capitalize on that trend, but investors should consider Meta Platforms (NASDAQ: META) and Pure Storage (NYSE: PSTG).Most Wall Street analysts following the companies have favorable outlooks. Meta Platforms has a median target price of $875 per share, implying 19% upside from its current share price of $735. And Pure Storage has a median target price of $80 per share, implying 4% upside from the current share price of $77.Here's why I think these AI stocks are brilliant long-term investments.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool