At the outset of the AI arms race, Alphabet fell a bit behind some of its peers. However, that has turned around, and now Alphabet is broadly recognized as a leader in this segment. Alphabet’s AI models have been integrated into its legacy products, such as the Google Search engine and its YouTube video streaming service. However, where Alphabet is making the bulk of its profit from AI is in cloud computing. <\/p>\n Alphabet plans to make about $200 billion in capital expenditures this year, with nearly all of that going to build data centers. This is to fuel its cloud computing unit, which is seeing incredible demand. The company’s past efforts are turning into gigantic revenue growth, with Google Cloud revenue increasing 82% year over year in Q2. <\/p>\n If Alphabet can keep this up (which it likely can due to huge demand and enormous investments), it will see major growth in this sector of its business. With the rest of the business also thriving thanks to AI features, Alphabet is a no-brainer buy and set to be one of the biggest long-term beneficiaries of the AI build-out.<\/a> <\/p>\n Nvidia <\/p>\n Nvidia is the world’s largest company by market value, and it has risen to this spot due to supplying a vast majority of the computing units deployed in the AI arms race. It has had an incredible run, but it’s far from over yet. Although some Wall Street analysts were projecting a slowdown in Nvidia’s growth next year, Nvidia countered those estimates. <\/p>\n It told investors it expects about 70% revenue growth next year — simply incredible considering the company’s size. However, none of this has been priced into Nvidia’s stock yet, and it trades for a modest 24 times this year’s earnings estimates. <\/p>\n Story Continues <\/p>\n If Nvidia ends the year at this market-average valuation, then next year it will be free to rise in line with its business growth: about 70%. If you can snag a stock that can return 70% in one year, you’re a happy investor. I think Nvidia is a great bargain here, and with its dominance, it makes for a top AI stock to buy right now.<\/a> <\/p>\n Micron <\/p>\n Last is Micron, which is getting a huge boost from the AI build-out. The demand from the AI hyperscalers has eaten up all available memory chip production capacity, causing component prices to soar. Micron is a key memory chip supplier, and with none of its input costs changing, its revenue and profits have soared during the past year. <\/p>\n The supply shortage isn’t expected to ease until 2028, and even then, there’s no knowing what the market will look like. This could be the long-term reset the memory market needs to become a top industry to invest in. With Wall Street analysts expecting Micron’s revenue to grow at an 85% pace in fiscal year 2027 (ending August 2027), it makes for a strong investment pick right now, especially considering it trades for a dirt cheap 6 times fiscal year 2027 earnings estimates. <\/p>\n Should you buy stock in Alphabet right now? <\/p>\n Before you buy stock in\u00a0Alphabet, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Alphabet\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $435,803!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,334,577!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of September 3, 2026. <\/p>\n Keithen Drury<\/a> has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Alphabet <\/p>\n
<\/a> NVDA PE Ratio (Forward)<\/a> data by YCharts<\/a> <\/p>\n
<\/a> MU Revenue (Quarterly YoY Growth)<\/a> data by YCharts<\/a> <\/p>\n