A Bull Market Is Here. 1 Magnificent Artificial Intelligence (AI) Stock to Buy With 61% Upside, According to 1 Wall Street Analyst
2024 is off to a red-hot start. The S 500 has soared to record levels as mega-cap tech stocks, in particular, continue to fuel the artificial intelligence (AI) narrative.
The benchmark had last bottomed around October 2022. Much of the market rebound since, especially in 2023, was influenced by enthusiasm in AI, and this positive sentiment has so far poured over into this year.
In particular, the "Magnificent Seven" stocks, Microsoft, , Apple, Amazon, Tesla, Meta Platforms, and Nvidia (NASDAQ: NVDA), have played a major role in pushing the market higher. Of this exclusive club, Nvidia may be the most important. Demand for the company's graphics processing units (GPUs) is off the charts, as generative AI has become the forefront of IT budgets.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 84 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 6.68% compared to the current price of 166.86 € for Alphabet Inc. A.
