Reported about 1 year ago
Melius Research lists Advanced Micro Devices (AMD), Intel (INTC), and Apple (AAPL) as strong contenders for the AI 'catch-up' trade in the second half of 2024. Analyst Ben Reitzes from Melius Research notes that these AI-adjacent tech stocks, including Apple's product cycle and the comeback of semiconductors like AMD and Intel, are expected to see major gains after underperforming in the first half of the year. Other technology companies like IBM are also mentioned for potential revenue upside from acquisitions.
Source: YAHOO