Mizuho analysts recommend investing in AI giants Nvidia and Microsoft for strong growth potential.

From TipRanks: 2024-05-05 18:16:49

Artificial intelligence, specifically generative AI, is transforming business landscapes. Mizuho analysts suggest investing in AI giants Nvidia and Microsoft. Nvidia, a semiconductor chip leader, posted record-breaking revenue of $22.1 billion in 4Q24, with AI data center segement sales at $18.4 billion. Mizuho’s Vijay Rakesh recommends Nvidia stock with a Buy rating and $1,000 price target for 13% upside potential. Microsoft, with a $3 trillion market cap, saw 21% YoY revenue growth in its Intelligent Cloud segment in Q3, totaling $26.7 billion. Mizuho’s Gregg Moskowitz rates Microsoft a Buy with a $450 price target for an 11% increase in the next year. Both companies are deeply involved in AI innovation and show strong potential for future growth.



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