UBS sees AI trade still in the 'early innings' and these stocks as the best way to play it

Stocks linked to the artificial intelligence trend have taken off this year, and they could have even higher to go from here, according to UBS. The firm cited the late-2022 launch of ChatGPT as the official inflection point for the broad adoption of AI. The AI craze has taken the investing world by storm since then, with poster child Nvidia up 144% in 2024. By comparison, the S & P 500 has gained 20% during the same period.

channel inventory going into the iPhone 16 launch was particularly lean, which may have been a key driver of shorter lead times," Goldman analyst Michael Ng wrote. Ride-share app Uber is another name to watch out for, according to UBS. The stock has risen more than 25% in 2024, but the average analyst price target suggests about 12% upside from current levels, according to LSEG. Nearly 9 out of 10 analysts covering the stock rate it a buy or strong buy.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

UBS says it expects stocks to trade higher 'over the coming 6-12 months'UBS says it expects stocks to trade higher 'over the coming 6-12 months'
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Aggressive Fed cuts could yield a new stock market bubble, UBS warnsAggressive Fed cuts could yield a new stock market bubble, UBS warns
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »