Investment: 90 percent buy recommendations and more: These AI stocks have fallen unfairly, say analysts
The mood on the stock market has shifted: data center operators, chip companies and energy suppliers are under pressure. However, experts consider losses in five stocks to be exaggerated.
Several tech stocks related to Artificial Intelligence (AI) have seen significant losses in recent weeks, but some have been deemed oversold by experts. Alphabet, Broadcom, and Core Scientific are among the AI stocks most commonly held by US hedge funds, according to Goldman Sachs. Despite losses of at least 20% from their yearly highs, 90% of analysts recommend buying these stocks, with an average potential upside of at least 30%.
Alphabet's cloud business grew 82% in Q2, while Broadcom expects to double its AI chip sales over the next two years, and Core Scientific has shifted its focus to providing AI infrastructure. Analysts remain optimistic about these stocks, citing strong growth prospects and profitable businesses.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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