From Investing.com: 2024-04-28 02:59:56

Microsoft’s position as an AI leader and strong demand for AI-powered services boosted its stock after Q1 earnings beat estimates. Analysts foresee Azure becoming a top hyperscale provider with potential revenue growth driven by AI. Google’s record high shares after a robust Q1 report affirm its competitive AI edge. BMO views it as a top AI competitor.

Meta faces investor concerns over higher expenses and lower revenue outlook, leading to a stock drop. Despite challenges, Rosenblatt raises target price on Meta, emphasizing increased spending on AI infrastructure to drive future sales growth. JPMorgan advises against rotating away from AI stocks prematurely, citing ongoing AI infrastructure development opportunities.

Citi Research maintains a Buy rating for Lam Research, highlighting a post-earnings buying opportunity after a strong performance. Its outlook on NAND WFE recovery in 2H24 driven by AI storage SSDs indicates a potential catalyst for stock growth. Analysts believe Lam’s beat and raise quarter reflects industry trends favorably.



Read more at Investing.com: Google among ‘best-positioned’ AI companies By Investing.com