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At this point, it's almost impossible to ignore just how important artificial intelligence (AI) has become to the economy. Consequently, businesses that have centered their strategies around developing AI products and services have been big winners. These companies are positioning themselves for long-term success.
If you're looking to allocate capital to the space, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is one of the best AI stocks to consider buying in October with $1,000.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
With a $4.2 trillion market capitalization, it certainly isn't flying under the radar. But even though its shares have soared by 156% in the past five years (as of Oct. 6), they trade at a compelling valuation. Investors can add the stock to their portfolios now at a forward price-to-earnings ratio of just 22.8.
For one of the world's dominant internet enterprises, that valuation almost looks like a no-brainer opportunity.
Alphabet has long been a leader in AI, and its early investments are paying off. The company is involved in many different areas of the AI value chain, from research at Google DeepMind and chip development (Tensor Processing Units) to its thriving Google Cloud segment and its numerous widely adopted user-facing platforms.
The business has a massive user base that gives it unmatched distribution. Network effects provide it with a durable moat. And it has different ways to monetize its AI capital expenditures, which number in the hundreds of billions of dollars.
Allocating $1,000 to the stock now would be a smart decision.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $370,440!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,470,022!*
That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.
*Stock Advisor returns as of October 8, 2026.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.
Here's 1 of the Best AI Stocks Investors Should Consider Buying in October With $1,000 was originally published by The Motley Fool
