SNOW - Beyond Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 91% and 154% According to Certain Wall Street Analysts
2024-06-03 04:44:00 ET
The S&P 500 (SNPINDEX: ^GSPC) advanced 25% over the past year, and excitement about artificial intelligence (AI) was a major source of momentum. Indeed, AI chipmaker Nvidia alone was responsible for 18% of those gains, according to Morningstar .
That staggering statistic notwithstanding, there are plenty of opportunities beyond Nvidia. For instance, the following Wall Street analysts see significant upside in Super Micro Computer (NASDAQ: SMCI) and Snowflake (NYSE: SNOW) , two companies well position to monetize AI.
Investors should never put too much confidence in price targets, but Supermicro and Snowflake certainly warrant further consideration. Here are the important details.
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Beyond Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 91% and 154%, According to Certain Wall Street Analysts