2 Artificial Intelligence (AI) Stocks With 41% or More Upside, According to Wall Street Analysts
The potential for artificial intelligence (AI) to improve the fortunes of leading businesses has been a huge catalyst for the stock market over the last few years. IDC anticipates spending on AI, including infrastructure and business services, to reach $632 billion by 2028. AI promises to bring greater efficiency to business operations and labor productivity, but it will require substantial investment in advanced chips to make AI smarter. The following stocks of leading chip companies could offer upside of 39% to 48% based on the average analyst price target.Advanced Micro Devices (NASDAQ: AMD) has played runner-up to Nvidia in the graphics processing unit (GPU) market for many years. But these are the main suppliers of general-purpose GPUs, which have left AMD with a profitable market to fill out on its own. The average price target on Wall Street is currently $148.34, implying upside of 51% over the recent $98 share price.Continue reading
The potential for artificial intelligence (AI) to improve the fortunes of leading businesses has been a huge catalyst for the stock market over the last few years. IDC anticipates spending on AI, including infrastructure and business services, to reach $632 billion by 2028.
AI promises to bring greater efficiency to business operations and labor productivity, but it will require substantial investment in advanced chips to make AI smarter. The following stocks of leading chip companies could offer upside of 39% to 48% based on the average analyst price target.
Advanced Micro Devices (NASDAQ: AMD) has played runner-up to Nvidia in the graphics processing unit (GPU) market for many years. But these are the main suppliers of general-purpose GPUs, which have left AMD with a profitable market to fill out on its own. The average price target on Wall Street is currently $148.34, implying upside of 51% over the recent $98 share price.
