SMCI - 2 Red-Hot Artificial Intelligence (AI) Stocks to Buy Before They Soar 81% and 83% According to Certain Wall Street Analysts
2024-05-08 04:45:00 ET
Enthusiasm surrounding artificial intelligence (AI) propelled shares of Super Micro Computer (NASDAQ: SMCI) and SoundHound AI (NASDAQ: SOUN) higher by 506% and 96%, respectively, during the past year. But both stocks still carry a consensus rating of "buy" on Wall Street, and certain analysts are forecasting big gains for shareholders.
Investors should never put too much confidence in price targets, especially price targets set by individual analysts. But Supermicro and SoundHound warrant further consideration given their outperformance.
Here's what investors should know.
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2 Red-Hot Artificial Intelligence (AI) Stocks to Buy Before They Soar 81% and 83%, According to Certain Wall Street Analysts