AI Boom to Boost Productivity and Stocks Like Alphabet and Super Micro
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Generative AI is transforming the digital landscape and will provide a boost to global productivity and GDP growth over the next decade. Companies like Alphabet and Super Micro Computer stand to benefit.
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Alphabet is a leader in AI investment and well-positioned to capitalize through platforms like Google, Waymo, DeepMind, etc. Goldman Sachs analyst Eric Sheridan has a bullish outlook and $171 price target on the stock.
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Super Micro Computer provides high-end computing infrastructure needed for AI systems. It has partnerships with AI leaders like Nvidia and has seen exponential revenue growth recently.
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However, Goldman Sachs analyst Mike Ng thinks Super Micro is fairly valued at current levels and has a neutral rating and $941 price target due to the big run-up in the stock.
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Investors seeking exposure AI stocks trading at attractive valuations should explore names identified by TipRanks’ Best Stocks to Buy tool.