From Nasdaq: 2024-05-15 12:02:00

The AI boom is just getting started as new products from Microsoft, OpenAI, and Alphabet hit the market. OpenAI introduced GPT-4o, showcasing its capabilities by tutoring a young boy in math. Alphabet’s Gemini agents can handle tasks like returning online purchases, trip planning, and summarizing emails. Stock picks for the AI rally include Alphabet, Nvidia, and Arista Networks.

Alphabet stands out with nine products over 1 billion users and a Zacks Rank #1 rating. Nvidia leads in AI infrastructure with a Zacks Rank #1 rating and 30% annual EPS growth forecasted. Arista Networks provides crucial networking solutions for AI applications and has shown relative strength in the recent market selloff. Investors should stay ahead of the AI trend with top Zacks Rank stocks and prudent risk management.

In the semiconductor sector, a stock 1/9,000th the size of Nvidia is positioned to capitalize on the AI, Machine Learning, and IoT demand. With global semiconductor manufacturing projected to reach $803 billion by 2028, this stock presents significant growth opportunities. Follow Zacks Investment Research for the latest stock recommendations and industry insights to stay ahead of the curve in the AI boom.



Read more at Nasdaq: The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend