Top AI Picks for the Second Half of 2024 ๐
As we head into the second half of 2024, Rosenblatt has highlighted its top artificial intelligence picks for the remainder of the year. With AI continuing to drive market growth and innovation, it’s essential to keep an eye on these key players in the industry. From Advanced Micro Devices to Micron Technology and Apple, these companies are poised for success as AI technologies advance. Here are some of the top picks to consider as we move forward in the AI landscape:
Advanced Micro Devices (AMD)
Rosenblatt has named Advanced Micro Devices among its top picks for the second half of 2024. With a $250 price target that implies a 57% upside, there are several reasons why AMD stands out as a strong investment option:
- Strong central processing units pipeline
- Potential accelerator share gains
- Potential to capture a modest mid-teens share in the market
Micron Technology
Within the semiconductor space, Micron Technology has been highlighted as one of Rosenblatt’s top picks. As the world enters a significant memory cycle driven by AI, Micron is positioned for success:
- Significant memory cycle spurred by AI
- Shares have rallied 58% this year
- Slumped 7% after in-line guidance announcement
Apple
Analyst Barton Crockett views Apple as a stock to watch in the second half of the year, especially after the company unveiled its long-awaited AI vision. With strong privacy capabilities and a focus on consumer needs, Apple is well-positioned in the AI space:
- Strong privacy features sought after by consumers
- Immune to cost pressures at hyperscalers
- Expected significant upgrade cycle with new iPhone AI capabilities
Other Top Picks
In addition to AMD, Micron Technology, and Apple, Rosenblatt has named CrowdStrike, Five9, and Autodesk among its top picks for the second half of 2024. These companies are worth watching as AI technologies continue to evolve and shape the future of business and innovation.
Hot Take ๐ฅ
As the second half of 2024 unfolds, the AI landscape continues to offer exciting opportunities for investors. Companies like Advanced Micro Devices, Micron Technology, Apple, CrowdStrike, Five9, and Autodesk are at the forefront of innovation in the industry. By staying informed and keeping an eye on these key players, you can position yourself for success in the ever-changing world of artificial intelligence.
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