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2 AI stocks to buy now amid current artificial intelligence tailwinds
The post 2 AI stocks to buy now amid current artificial intelligence tailwinds appeared on BitcoinEthereumNews.com. The stock market is currently experiencing a sharp downturn, with recession fears causing widespread panic among investors. However, this gloomy price action may be creating an ideal environment for strategic dip-buying, particularly in the artificial intelligence (AI) sector. With AI technology rapidly advancing and its market expected to grow from $214.6 billion in 2024 to $1.34 trillion by 2030, investing in AI stocks now could yield substantial long-term gains. A closer look at economic indicators such as rising GDP and anticipated Federal Reserve rate cuts reveals a more resilient landscape despite recession concerns. In this context, Finbold has analyzed ongoing trends and identified two top investment opportunities amidst the current artificial intelligence tailwind. Micron Technology Inc. (NASDAQ: MU) stock Micron Technology (NASDAQ: MU) emerges as a strong candidate for investment amidst the current market conditions. The company, a leader in memory and storage solutions, is making significant strides in high-bandwidth memory (HBM) production. These efforts are expected to drive substantial revenue growth, with projections of billions in sales by fiscal 2025 compared to hundreds of millions in 2024. Micron’s extensive market reach, which includes personal computers, mobile, automotive, industrial, and data centers, positions it well to benefit from the proliferation of AI-powered devices. Analysts predict a significant rebound in Micron’s earnings for fiscal 2024, with an expected 687% surge in earnings per share (EPS) and a 54% increase in sales. Although the stock has recently dipped below its 200-day moving average, it has still gained 8.5% this year. Micron’s market cap stands at $113.7 billion, and the company is set to announce its Q4 earnings on September 25. Analysts forecast a profit of $0.97 per share, a remarkable turnaround from a loss of $1.21 per share a year ago. Wall Street’s MU stock 12-month price target. Source: TipRanks The consensus…
The post 2 AI stocks to buy now amid current artificial intelligence tailwinds appeared on BitcoinEthereumNews.com.
The stock market is currently experiencing a sharp downturn, with recession fears causing widespread panic among investors. However, this gloomy price action may be creating an ideal environment for strategic dip-buying, particularly in the artificial intelligence (AI) sector. With AI technology rapidly advancing and its market expected to grow from $214.6 billion in 2024 to $1.34 trillion by 2030, investing in AI stocks now could yield substantial long-term gains. A closer look at economic indicators such as rising GDP and anticipated Federal Reserve rate cuts reveals a more resilient landscape despite recession concerns. In this context, Finbold has analyzed ongoing trends and identified two top investment opportunities amidst the current artificial intelligence tailwind. Micron Technology Inc. (NASDAQ: MU) stock Micron Technology (NASDAQ: MU) emerges as a strong candidate for investment amidst the current market conditions. The company, a leader in memory and storage solutions, is making significant strides in high-bandwidth memory (HBM) production. These efforts are expected to drive substantial revenue growth, with projections of billions in sales by fiscal 2025 compared to hundreds of millions in 2024. Micron’s extensive market reach, which includes personal computers, mobile, automotive, industrial, and data centers, positions it well to benefit from the proliferation of AI-powered devices. Analysts predict a significant rebound in Micron’s earnings for fiscal 2024, with an expected 687% surge in earnings per share (EPS) and a 54% increase in sales. Although the stock has recently dipped below its 200-day moving average, it has still gained 8.5% this year. Micron’s market cap stands at $113.7 billion, and the company is set to announce its Q4 earnings on September 25. Analysts forecast a profit of $0.97 per share, a remarkable turnaround from a loss of $1.21 per share a year ago. Wall Street’s MU stock 12-month price target. Source: TipRanks The consensus…
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