This Artificial Intelligence (AI) Stock Has Been Hailed as a "Stealth Nvidia." Time to Buy?
Developments in artificial intelligence (AI) are playing a major role in overall market dynamics right now. Last year, the tech-heavy Nasdaq Composite soared more than 40% thanks in large part to euphoria surrounding the AI narrative.
Specifically, the "Magnificent Seven" -- Apple, Microsoft, , Amazon, Meta Platforms, Tesla, and Nvidia -- have had a major influence on the record-setting performance by the S 500 so far in 2024.
But there are many opportunities beyond those seven. One company that has experienced quite a bit of volatility over the last year is Super Micro Computer (NASDAQ: SMCI), which works extremely closely with semiconductor leaders Nvidia and Advanced Micro Devices.
Source Fool.com
Alphabet Inc. A Stock
€161.16
0.950%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 3.62% compared to the current price of 161.16 € for Alphabet Inc. A.
