Enthusiasm surrounding artificial intelligence (AI) propelled shares of Super Micro Computer (NASDAQ: SMCI) and SoundHound AI (NASDAQ: SOUN) higher by 506% and 96%, respectively, during the past year. But both stocks still carry a consensus rating of “buy” on Wall Street, and certain analysts are forecasting big gains for shareholders. Ananda Baruah has set Super …
The artificial intelligence (AI) gold rush is in full swing. The technology-heavy Nasdaq Composite advanced 31% over the past year as investors piled into the market, hoping to strike it rich. Sentiment is still running hot, but it’s important to be choosy when buying stocks. Not every company will be a long-term winner, and not …
Share prices of edge computing company Fastly (NYSE: FSLY) could rise to $18, according to Bank of America analyst Tal Liani. With the stock trading below $13 today, this price target represents an upside of about 43% over the next 12 months or so. It’s important to note that Liani’s optimism has faded a bit. …
Benefiting from the current boom in artificial intelligence, semiconductor company Nvidia (NASDAQ: NVDA) was arguably the hottest stock on Wall Street in 2023. Even more impressive, it’s off to an explosive start in 2024 as well. Helped by a big move higher this week, when the company reported a 265% year-over-year growth in fiscal fourth-quarter …