Rosenblatt is laying out the best artificial intelligence stocks for the second half of 2024. is % and 212%. With artificial intelligence showing no signs of slowing down, here are some of its top picks for the second half of the year: Rosenblatt named Advanced Micro Devices a top pick. The company’s $250 price target implies about 57% upside from Thursday’s closing price. One of the reasons analyst Hans Mosesmann bought the stock was its strong central processor pipeline and potential accelerator share gains. “We don’t need to prove that AMD is better than Nvidia (the Green Team is clearly on another level of AI enlightenment); we need to prove that AMD can capture a modest mid-teen market share,” he writes in the book. In the semiconductor field, Mosesman also named Micron Technology as one of the company’s top choices as the world enters one of the most important storage cycles driven by artificial intelligence. Micron shares are up MU Micron shares have risen 58% so far this year, but fell 7% on Thursday after the memory chip maker issued consensus guidance. As artificial intelligence drives memory demand, many on Wall Street are hoping for a stronger outlook. Analyst Barton Crockett highlighted Apple as a stock to watch in the second half of the year. Earlier this month, the company unveiled its long-awaited vision for artificial intelligence. Crockett sees the company’s strong privacy features as an important feature consumers are looking for in the AI space. “Apple’s approach also appears to insulate it from the cost pressures of hyperscalers while allowing Apple to benefit from their investments, which are expected to grow by nearly $40 billion by 2024,” he wrote. “Apple is using Using its own chips for inference, it is deploying targeted models for local artificial intelligence and connecting with other parties to complete larger tasks.” He predicts that new iPhones with artificial intelligence capabilities may drive significant growth in fiscal 2026. The upgrade cycle and growing up in the late teens. The company also named CrowdStrike, Five9 and Autodesk as top picks for the second half of the year.
