Forget Nvidia: 2 Tech Stocks to Buy Instead

Nasdaq-100 Technology Sector index is up a solid 45% in the past year .

Nvidia (NASDAQ: NVDA ) played a central role in driving the impressive surge in tech stocks.

However, Nvidia 's expensive price-to-sales multiple of 37 may lead value investors to look for better bets in the technology space.

There are a couple of other tech stocks significantly cheaper than Nvidia that investors should consider buying right away before they fly higher.

Amazon 's operating income guidance of $8 billion to $12 billion points toward a big jump from the year-ago period's figure of $4.8 billion .

The company is integrating generative AI tools into its e-commerce platform.

Amazon Web Services is the top provider of cloud infrastructure services in the world, with a market share of 32% .