MU - 2 Artificial Intelligence (AI) Stocks That Could Go Parabolic
2024-03-31 09:00:00 ET
The artificial intelligence (AI) craze has turned out to be a massive catalyst for many companies in the past year or so, which is evident from the huge stock price gains clocked by the likes of Nvidia , Palantir Technologies , and others who are benefiting from the adoption of this technology.
Shares of Nvidia, for instance, are up 92% in 2024 already thanks to the terrific growth from selling its AI chips. Palantir, meanwhile, is up more than 42% this year following a sharp surge in the wake of its latest quarterly results. And now, it looks like Broadcom (NASDAQ: AVGO) and Micron Technology (NASDAQ: MU) are set to join the bandwagon as well and witness a parabolic jump in their share prices.
A parabolic move refers to a big jump in the stock price of a company in a short period, like the right side of a parabolic curve. Shares of both Broadcom and Micron have seen big jumps in their stock prices of late thanks to their growing AI credentials. More importantly, it won't be surprising to see them sustain their recent pops and go on a parabolic run.
For further details see:
2 Artificial Intelligence (AI) Stocks That Could Go Parabolic