Invest in AI growth stocks like HPE, EQIX, DLR, AMT, and NTTYY; positive.

From Nasdaq: 2024-07-22 18:51:35

The surge in artificial intelligence (AI) is driving a demand for scalable AI infrastructure. The market size is expected to grow from $45 billion in 2024 to $262 billion by 2032 at a growth rate of 24.7%. This shift is creating opportunities for companies like Hewlett Packard Enterprise, Equinix, Digital Realty Trust, American Tower, and Nippon Telegraph and Telephone.

Hewlett Packard Enterprise (HPE) is experiencing a surge in stock prices due to its cutting-edge data center solutions for AI. Analysts have given HPE a “Hold” rating with a target price of $20.25.

Equinix (EQIX) is focused on becoming a key hub for AI development through its global network of data centers. Analysts have given EQIX a “Strong Buy” rating with a target price of $899.91.

Digital Realty Trust (DLR) is using its AI platform, Apollo, to optimize data center performance for increased efficiency. Analysts have given DLR a “Moderate Buy” rating with a target price of $154.54.

American Tower (AMT) provides fiber optics and connections vital for AI infrastructure. Analysts have given AMT a “Strong Buy” rating with a target price of $226.89.

Nippon Telegraph and Telephone (NTTYY) is integrating AI across its operations to enhance productivity and customer service. Analysts have given NTTYY a “Moderate Buy” rating with a target price of $36.10.



Read more at Nasdaq: 5 ‘Pick and Shovel’ AI Growth Stocks to Scoop Up Now