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hey guys it is Julie here with tip ranks and today we're taking a look at two stocks that stand to benefit from the rise of artificial intelligence so let's get into it all right guys welcome back thank you all so much for being here today we are talking AI as you may have noticed in the headlines today Nvidia recently reported earnings and has absolutely spiked previously at 305 dollars per share the Nvidia stock is currently up 26 after reporting their most recent earnings and that jump up is not just because of an earnings beat but because they did have some really impressive second quarter Revenue Guidance the company is now anticipating 11 billion dollars well ahead of about the 7.1 anticipated by analysts and they say the reasoning behind this is growing demand that has been sparked by AI nvidia's CEO said that generative AI has been an iPhone moment and that all of the technology came together and helped everybody realize what an amazing product that can be and what capabilities it can have and already today reiterated buy ratings have been pouring in from analysts one wet Bush analyst said that for any investor calling this an AI bubble we we would Point them to this Nvidia quarter and especially the guidance which cements our bullish thesis around Ai and speaks to the fourth Industrial Revolution now on the doorstep with AI so far we have 10 different analysts coming in with reiterated ratings today many of them with some healthy double-digit upside all the way up to 56 percent and I did notice we have a lot of five-star analysts weighing in on this stock so that got me thinking and I did what any normal person would do and spent the morning coming through the rating history of all top-ranked Tech analysts and I started to notice something when looking at all these five-star analysts that had recently put a buy rating on Nvidia in the list of recent readings we start to see a few names appear several times in fact there were two tech companies that both had several recent ratings from Five Star analysts So today we're going to take a look at those two companies how they're involved with AI and what analysts are predicting for their stocks future first up we have a stock that showed up on majority of the talktalk analyst profiles that I looked at that is as Analog Devices with a market cap of 87 billion dollars trading under the ticker ADI the stock is priced at 173 dollars the stock did see some solid growth in the half of this year of eight and a half percent over the past year but has fallen off here lately Analog Devices is a global semiconductor leader they Bridge the physical and digital worlds to enable breakthroughs at the intelligent Edge ADI combines analog digital and software Technologies into solutions that help Drive advancements in digitized factories mobility and digital Healthcare combat climate change and reliably connect humans and the world on the artificial intelligence side of things the company has come out with a new line of ultra low power AI mcus they say that the previous ones were too slow to effectively process images and make decisions in real time but enter analog's new line of AI microcontrollers they run AI inferences hundreds of times faster and lower energy than other embedded Solutions this will allows small machines like thermostats smart watches and cameras to deliver on the promise of AI the company anticipates a serviceable addressable Market of over 6 billion dollars by 2027 as they see increasing technology complexity aligned with secular growth markets like EVs and Ai and machine learning now it was following their recent earnings report this week that caused the stock to drop off now they did come out with an earnings beat and revenue of over 3.2 billion dollars grew 10 year over year but there was some slight weakness in their future forecast their CEO said that looking to the second half we expect Revenue to moderate given the continued economic uncertainty and normalizing Supply chains however I am confident in adi's ability to navigate short-term business cycles due to the strength and diversity of our franchise our hybrid manufacturing model and Alignment to secular growth trends for their third quarter they expect sales to be between 3 to 3.2 billion so that midpoint was just below the 3.16 billion that analysts were expecting but despite that soft future guidance we still have plenty of five-star analysts sticking with their buy ratings on the ADI stock overall the stock comes in as a strong buy based on 15 buys and three holds with an average price target of 207 that would be an upside potential of about 20 from current prices and here we can see all of our five-star analysts coming in with those reiterated buy ratings we do have a couple holds that still have upsides of 12 percent and others ranging around the mid teens to mid-20 upside potential one analyst noted that the long-term value proposition for Analog Devices remains clear and robust as high performance analog semi-ip is scarce and the company's Acquisitions will drive revenue and cost synergies through a cycle and the second stock I noticed on several top Tech analyst lists was Marvel technology they are actually reporting earnings later this afternoon the stock is also on the rise today in nvidia's tide trading under the ticker mrvl the stock currently has a market cap of 41 billion dollars and is priced at 48 dollars per share now they are down nearly 10 over this past year but a scene growth of nine percent in the last few months Marvel technology is another Semiconductor Company they first revolutionized the digital storage industry by moving information at speeds never thought possible now with leading intellectual property and deep system level knowledge Marvel's semiconductor Solutions continue to transform the Enterprise Cloud automotive industrial and consumer markets AI is driving larger and larger workloads and to address this Marvel has announced two new pieces of silicon Nova and Terra links 10.
their taylorlinks 10 optimizes AI machine learning and data center Network Fabrics they also tout the benefits of using the Nova and terralink's 10 in tandem saying that in deploying both data center infrastructure providers can leverage common firmware software and linked training schemes to speed deployment and Achieve faster time to Market as the AI and machine learning industry continue to grow the demand for DSP or Digital Signal processing will increase as well they're expecting to need 2x the speed every 18 to 14 months in their q1 earnings report this afternoon we'll be looking for revenue of 1.3 billion dollars on the earning side we'll be looking for earnings per share of 29 cents which is a decrease from last year's of 52 cents in their last earnings report they missed Expectations by one cents per share but that didn't deter Wall Street analysts as the stock currently comes in as a strong buy with 25 analyst ratings with an average price target of 56 dollars per share that would be an upside potential of over 16 percent now we don't have as many recent ratings on this one as we will have many reiterate following that earnings report but you do have several top analysts coming in the last few days with upsides between 9 and 44 one analyst noted we think Marvel stock can reverse course and begin to outperform the sector this reversal can be catalyzed most importantly by Cloud optimized customer ramps in the first half of 2024 but also by fruition of customer inventory depletion so there we have two stocks that could stand to benefit from the rise of AI all with buy ratings from some top-ranked Tech analysts of course there are a lot of great AI related companies out there so let let me know your favorites in the comments down below please keep in mind that these videos are never a suggestion to buy or sell any specific stock just to bring some new ideas to the table and Kickstart your own research and due diligence please make sure you're always sticking to your own investment plan if you made it to the end don't forget to hit that thumbs up button and make sure you subscribe to the channel as well thanks so much for watching have a great day and I'll see you back here next time
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