Angelo Zino is a CFRA Research analyst.
And in a new note to clients…
He reiterated his BUY ratings on his “four horsemen of AI,” which are:
- Advanced Micro Devices (NASDAQ: AMD)
- Broadcom (NASDAQ: AVGO)
- Marvell Technology (NASDAQ: MRVL)
- Nvidia (NASDAQ: NVDA)
He sees “a permanent shift in data center infrastructure spend toward accelerators and networking upgrades,” which is good news for the four stocks.
His 12-month price targets are $480 for Nvidia… $145 for AMD… $975 for Broadcom… and $70 for Marvel.
This means they could make you 11%… 27%… 14%… and 18% respectively.
Not bad…
Because Wall Street is incredibly bullish on AI.
So much so…
That the new consensus is that it will drive the market higher.
Bank of America (NYSE: BAC) just referenced AI when boosting their 2023 year-end price target for the S&P 500.
So did RBC Capital Markets.
And Goldman Sachs (NYSE: GS) just called the S&P 500 undervalued due to AI.
Thankfully, we are still on the very early stages of this AI boom.
But the window of opportunity is getting smaller by the day.
So either you get your portfolio positioned for profits NOW – or you’ll be left behind.
Frankly, this could be like…
- Investing in Amazon in 1997 during the early days of e-commerce
- Buying Apple stocks when they introduced the iPhone and launched the smartphone boom
- Scooping up Netflix when they launched streaming video
Within just one or two years you’ll be looking back on the AI boom – and you will have seen explosive profits just like these winning trades.
One of my favorite AI stocks is helping American companies move their factories back to the U.S. from China.
And they’re helping improve the automation and efficiency of these facilities by using AI, robotics, and machine learning to help these companies profitably manufacture their products right here in the U.S.
Shares of this stock could quickly double or triple in price.
Then there’s another pure-play AI stock that’s an absolute powerhouse.
The company uses AI to help law enforcement hunt down criminals involved with drug trafficking, human trafficking and terrorism.
They also help big banks identify fraudulent transactions.
Plus, this AI helps optimize sales process and inventory.
In fact, my #1 AI stock to buy now is already earning over $250 million per year with its AI solutions.