Bullish outlook on NVIDIA, Micron, Super Micro Computer, Dell, and Amazon in second half of 2024

From Nasdaq: 2024-06-26 05:32:00

Zacks.com features NVIDIA Corp, Micron Technology Inc, Super Micro Computer Inc, Dell Technologies Inc, and Amazon.com Inc in their Analyst Blog. The first half of 2024 has been successful, driven by generative AI and old-economy stocks. The bull market is expected to continue in the second half, supported by strong economic indicators and the Fed’s rate cut plans. NVIDIA Corp benefits from strong demand for Hopper chips and will introduce new AI chip architecture in the coming years. Micron Technology Inc will benefit from increased demand due to AI applications and 5G adoption. Super Micro Computer Inc’s servers powered by generative AI chipsets are in high demand, affecting its revenue positively. Dell Technologies Inc is collaborating with NVIDIA to expand its AI offerings, benefitting from strong demand for AI servers. Amazon.com Inc continues to gain momentum in the market.



Read more at Nasdaq: The Zacks Analyst Blog Highlights NVIDIA, Micron Technology, Super Micro Computer, Dell Technologies and Amazon.com