Rosenblatt’s Top AI and Tech Ideas for the Second Half

Welcome to Extreme Investor Network, where we provide expert insights and analysis on the latest trends and developments in the world of investing. Today, we are taking a closer look at Rosenblatt’s top artificial intelligence picks for the second half of 2024.

Artificial intelligence has been a major tailwind for the market, with key players like Nvidia and Super Micro Computer seeing impressive gains in 2023. As we head into the second half of the year, AI shows no signs of slowing down, making it an exciting sector for investors to watch.

Rosenblatt has named Advanced Micro Devices (AMD) as one of its top picks, with a $250 price target that implies about 57% upside for shares. Analyst Hans Mosesmann cited AMD’s strong central processing units pipeline and potential accelerator share gains as reasons for buying the stock. While AMD may not be on the same level as Nvidia in terms of AI capabilities, there is significant potential for the company to capture market share in the coming months.

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In the semiconductor space, Rosenblatt also highlighted Micron Technology as a top pick. Analyst Barton Crockett pointed to the significant memory cycle spurred by AI as a key driver for Micron’s potential growth. The company’s shares have already rallied 58% this year, and Crockett sees even more upside potential as AI continues to drive demand for memory chips.

Apple is another stock to watch in the second half of the year, according to Rosenblatt. The company recently unveiled its long-awaited AI vision, which includes strong privacy capabilities that consumers are increasingly seeking out in AI products. Analysts believe that Apple’s approach to AI will insulate it from cost pressures at hyperscalers and position it for significant growth in the coming years.

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In addition to AMD, Micron Technology, and Apple, Rosenblatt also named CrowdStrike, Five9, and Autodesk among its top picks for the second half. These companies are at the forefront of the AI revolution and could see substantial gains as the market continues to evolve.

At Extreme Investor Network, we are committed to providing our readers with unique insights and analysis that help them make informed investment decisions. Stay tuned for more updates on the latest trends in the world of investing.

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