Posted 2/18/2024, 1:09:00 PM
Analysts Bullish on AI Beneficiaries Like Nvidia, Apple, Applied Materials
- Loop Capital starts Nvidia coverage with a Street-high $1,200 price target based on strong growth forecasts driven by demands of generative AI
- Evercore ISI views Apple as an "underappreciated AI beneficiary" that can integrate large language models to expand its ecosystem
- OpenAI's new Sora text-to-video model hailed as "breakthrough technology" by Macquarie analysts
- Bank of America raises Applied Materials price target to $222 on projections of double-digit growth from 2025, fueled by AI demand
- KeyBanc reaffirms Overweight rating on Arista Networks citing momentum from enterprise share gains and Cloud Titan expansion