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.
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