From Nasdaq MarketSite: 2024-05-11 11:27:00

The Nasdaq-100 Technology Sector index has surged 50% in the past year, driven by AI adoption. Nvidia stock has soared 221% thanks to its dominant position in AI chip market. Analysts predict 38% annual earnings growth for Nvidia over the next five years, potentially leading to a stock price of $1,950.

Super Micro Computer stock has outperformed Nvidia with 505% gains in the past year, fueled by demand for its AI server solutions. Revenue tripled YoY in Q3 2024 to $3.85 billion. Analysts project 62% annual earnings growth for the next five years, potentially resulting in a stock price of $3,720.

Meta Platforms is leveraging AI across its platforms to enhance user experience and drive advertising effectiveness. Revenue rose 27% YoY in Q1 2024 to $36.4 billion. Analysts expect 28% annual earnings growth over the next five years, potentially leading to a stock price of $1,530. Meta is well-positioned to capitalize on AI growth in the long run.



Read more at Nasdaq MarketSite: 2 Nasdaq Stocks That Could Crush Nvidia and Deliver Bigger Gains, Thanks to Artificial Intelligence (AI)