3 Undervalued AI Tech Stocks to Own as Nvidia Pushes Nasdaq Toward New Record High

investing.com:

The rally in tech stocks is showing no signs of slowing down as investors continue to pile into the sector due to the nonstop buzz related to artificial intelligence (AI).

Coming into Friday’s session, the tech-heavy Nasdaq Composite, which has gained 40% in the last 12 months, now stands within striking distance of its all-time closing high of 16,057 set back in November 2021.

But despite the index's mighty gain, savvy investors are well aware that indiscriminate investment in fast-growth stocks does not always ensure success, particularly taking into consideration the tech industry's high volatility.

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Now, let's take a look at three compelling options worth considering as the Nasdaq looks set to extend its rally to a new record amid the ongoing AI frenzy on Wall Street.

Salesforce (NYSE:CRM), a leader in cloud-based customer relationship management (CRM) solutions, has been at the forefront of digital transformation in recent years.

With its innovative suite of products and services, Salesforce empowers organizations to better connect with customers, streamline operations, and drive growth.

As businesses increasingly prioritize digital engagement and data-driven decision-making, Salesforce's AI-driven CRM platform, Einstein, positions the company for continued success in a rapidly evolving market.

Taking that into account, Salesforce is poised to grow its profit and revenue in the year ahead thanks to robust demand for its CRM tools as well as the positive impact of ongoing