After Nvidia’s latest blowout, investors are turning their attention to the artificial intelligence landscape to identify potential opportunities for growth. With Nvidia Corp. reporting impressive numbers for its fiscal fourth quarter, analysts are highlighting other AI-related stocks that are expected to see significant increases in the coming months.
A screen of AI stocks reveals a diverse range of companies involved in various aspects of AI infrastructure, including hardware providers, cloud services, software developers, and power management companies. By analyzing the top holdings of eight ETFs focused on AI investments, investors can gain insights into which stocks are favored by analysts and have the potential for growth.
Out of 339 global companies identified through the ETF holdings, 20 stocks stood out with at least 80% buy ratings from analysts and the highest 12-month upside potential based on consensus price targets. These companies span across different countries and industries, showcasing the global reach of the AI market and the opportunities it presents for investors.
Leading the pack are companies like Meituan, Kuaishou Technology, and Baidu Inc., which have buy ratings above 80% and significant upside potential. Other notable names on the list include Tencent Holdings, Samsung Electronics, and Amazon.com, highlighting the diverse range of AI-related companies that are expected to experience growth in the near future.
Investors looking to capitalize on the AI boom can consider these stocks as potential options for their portfolios. With analysts bullish on the growth prospects of these companies and the continued expansion of the AI market, now may be the time to explore opportunities in this rapidly evolving sector.
