The AI Investment Surge: Two Overlooked Stocks Worth Your Attention This September

AI spending is projected to explode by over 600% by 2028, according to Morgan Stanley’s analysis. While everyone’s obsessing over the usual suspects in the AI space, I’ve been eyeing two promising alternatives that aren’t getting nearly enough attention.

Meta Platforms and Pure Storage offer compelling investment cases that Wall Street seems cautiously optimistic about. Meta’s current share price sits around $735, with analysts suggesting a 19% upside potential, while Pure Storage trades at $77 with a more modest 4% growth projection.

I’m personally convinced these companies deserve a closer look for anyone serious about AI investments.

Meta dominates social media with three of the four most popular networks globally. This gives them unparalleled insight into user behavior, making them the second-largest advertising technology company worldwide. Their aggressive AI investments are clearly paying dividends - users are spending more time on their platforms while advertisers see better conversion rates.

What really excites me is Meta’s ambition to fully automate ad creation by next year. Imagine uploading a product image with a budget, and AI handles everything else - text, video, imagery. This capability could dramatically accelerate their revenue growth beyond the industry’s projected 14% annual expansion.

Pure Storage specializes in enterprise data systems that outperform competitors with 2-3x storage density and half the power consumption. Their DirectFlash architecture makes them particularly well-suited for AI workloads, earning them leadership recognition from Gartner in critical storage categories.

Their next-generation FlashBlade systems could become industry standard for major tech infrastructure providers. Meta has already selected Pure Storage for its data centers - a powerful endorsement of their technology’s capabilities.

Wall Street expects Pure Storage’s earnings to grow at 27% annually through early 2027, making its current valuation reasonable, especially considering they’ve consistently beaten earnings estimates by 14% over recent quarters.

For investors willing to look beyond the obvious AI plays, these two companies represent intelligent alternatives with strong long-term potential.