From Nasdaq: 2024-06-26 15:01:55

The first half of 2024 has been dominated by artificial intelligence (AI) advancements, with Nvidia leading the way in the generative AI market valued at over $66 billion. Nvidia’s market value has surged to over $3 trillion, surpassing Apple and Microsoft. Investor focus on AI-centric companies like Nvidia has overshadowed other high-quality stocks integrating AI.

UnitedHealth Group (UNH), valued at $445 billion, is a key player in the healthcare industry despite underperforming in the market recently. With stable dividends, UNH posted $99.8 billion in Q1 revenues and an updated full-year outlook. The company is expanding services with investments in telehealth and Medicaid programs, garnering bullish ratings from analysts.

Oracle Corporation (ORCL), a global tech giant with a market cap of $383 billion, has seen a 32.8% stock increase in 2023. Despite a slightly higher valuation, Oracle’s focus on AI growth has resulted in revenue increases in cloud services and licenses. Strategic investments in AI and cloud computing, including a multicloud partnership with Google Cloud, have analysts optimistic on ORCL.

Deere & Company (DE), a major manufacturer of agricultural and construction equipment, saw its stock decrease by 6.9% in 2024. DE’s Q2 results beat expectations, with innovative product launches focusing on AI and automation, such as autonomy-ready tractors and AI-enabled weed sensing technology. Analysts view DE positively, with a mean target price indicating a 15.3% potential upside.



Read more at Nasdaq: 3 High-Quality but Overlooked Stocks to Scoop Up This July