Rosenblatt is laying out its top artificial intelligence pick heading into the second half of 2024.
AI tailwinds stretched into the new year after lifting the broader market through 2023. Some key winners continued to build on their rallies, with Nvidia and Super Micro Computer up 154% and 212%, respectively. Here are some of the firm's top pick into the second half of the year, as AI shows no signs of a slowdown: Rosenblatt named Advanced Micro Devices among its top picks. The firm's $250 price target implies about 57% upside for shares from Thursday's close.
MU YTD mountain Micron shares this year Shares of Micron have rallied 58% this year, but slumped 7% on Thursday after the memory chipmaker shared in-line guidance . Many on Wall Street had hoped for a stronger outlook as AI drives memory demand. Analyst Barton Crockett highlighted Apple as a stock to follow in the second half. Earlier this month the company unveiled its long-awaited AI vision .
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