We recently compiled a list of the 35 Trending AI Stocks on Latest Analyst Ratings and News . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other trending AI stocks.
As the earnings season unfolds, investors are eager to see how artificial intelligence (AI) investments among S&P 500 companies are yielding results. Analysts anticipate profit growth to decelerate, with S&P 500 earnings projected to rise by 5.3% compared to the same quarter last year, down from a 13.2% increase in the second quarter, per a report by news agency Reuters. The technology and communication services sectors are expected to show the strongest year-over-year growth, with technology earnings forecasted to increase by 15.4% and communication services by 12.3%. AI-related firms have dominated earnings narratives since last year, driving substantial market gains. The S&P 500 is currently at record highs, having risen approximately 21% year-to-date, largely fueled by robust performance in the tech and communication sectors.
Read more about these developments by accessing 10 Unsexy AI Stocks According to Goldman Sachs and 10 Buzzing AI Stocks According to Goldman Sachs .
Howard Chan, CEO of Kurv Investment Management, noted that analysts are keen to evaluate how major companies monetize their AI initiatives, with those succeeding in this regard being notably rewarded. Meta, for instance, experienced a surge in share prices after projecting strong sales growth, suggesting that its digital ad revenue is effectively funding its AI investments. Conversely, the expenditures of giants like […]
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