From NASDAQ: 2024-06-28 19:21:46

With the second half of 2024 approaching, BofA analysts highlight top-performing companies poised for future growth, particularly those investing in AI. These companies have weathered market challenges and offer long-term growth potential. AMD, a semiconductor powerhouse, stands out with an impressive revenue surge and innovative AI-powered chips, offering substantial growth opportunities for investors.

Shopify, a leading e-commerce company, has seen steady growth amid a changing retail landscape. The company’s strong recovery in late May indicates promising revenue and GMV growth potential. Despite a net loss last quarter, Shopify anticipates continued growth, with analysts predicting significant EPS growth this year and a “moderate buy” rating.

Veeva Systems, a cloud computing specialist for life sciences, delivered strong Q1 earnings with revenue and adjusted EBITDA surging. The company’s robust cash flow increase demonstrates operational efficiency and long-term potential. Veeva’s innovative AI investments and solid performance have analysts bullish on the stock, with a “moderate buy” rating and upside potential.



Read more at NASDAQ: 3 Top-Quality Stocks to Buy Now and Hold for the Long Term