Missed the Nvidia gravy train? These alternatives are expected to see huge earnings growth going forward

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

As investors look for AI plays beyond Nividia, CNBC Pro screened FactSet data for stocks in the tech space that should see strong future earnings.

There's a host of stocks that can still benefit from the artificial intelligence craze besides Nvidia , according to analysts. Nvidia's annual GTC Conference , dubbed "AI Woodstock" by Bank of America, on Monday will feature a keynote speech from CEO Jensen Huang and allow for the high-flying chipmaker to spotlight its latest products and announce what's ahead.

Citi analyst Christopher Danely wrote in a note that "clients are excited about the AI opportunity for Nvidia and AMD, equipment names on positive capex revisions and various CHIPS act subsidies, and NXP on their resilient auto exposure." Seagate Technology , a data storage company, also made the cut. Shares are up 43% over the past year, but have added less than 1% in 2024. Analysts forecast EPS growth of 262% for 2024 compared to the previous year.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up SteamNvidia's market cap has surpassed $2 trillion, outstripping the entire crypto market's valuation
Källa: Utoday_en - 🏆 295. / 63 Läs mer »