From NASDAQ: 2024-09-17 13:43:16

Market participants eagerly await the Fed’s decision on rate cuts, with speculation of a potential 50 basis point cut causing uncertainty and volatility in the stock market. Despite the risks, analysts at Wedbush highlight the bullish prospects for AI stocks, predicting a positive trajectory amid the Fed’s rate-cutting cycle.

For investors interested in AI stocks, Nvidia (NVDA) emerges as a top pick with strong growth potential. With a market cap of $2.87 trillion and stock performance up 2,619% over the past five years, analysts rate NVDA as a “Strong Buy” with an average target price of $149.22.

Microsoft (MSFT), another AI juggernaut, boasts a market cap of $3.2 trillion and a YTD stock rise of 16.4%. Analysts rate MSFT as a “Strong Buy” with a target price of $499.58, reflecting an upside potential of about 14.3% from current levels.

Advanced Micro Devices (AMD), a semiconductor giant with a market cap of $245.8 billion, is also a top AI stock pick. With a YTD stock increase of 3.5% and a consensus “Strong Buy” rating, analysts expect an upside potential of about 26% from the current price of $192.88.

Cloud-driven IT services management company, ServiceNow (NOW), presents unique growth opportunities in the AI sector. Analysts rate NOW as a “Strong Buy” with an average target price of $871.81, despite the shares surpassing their estimate.

Dell Technologies (DELL) rounds out the top 5 AI stocks, with a market cap of $81.8 billion and impressive YTD stock growth of 52.6%. Analysts suggest DELL has a bright future as a “Strong Buy” with an expected target price of $148.69, indicating a potential upside of 27.6% from current levels.



Read more at NASDAQ: 5 ‘Strong Buy’ AI Stocks That Could Benefit from a Fed Rate Cut