⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


Investors Could Be Underestimating These Two Key AI Stocks

Artificial intelligence stocks are still very hot, but they can also make for risky investments as the market fluctuates. Two stocks stand out as being good long-term investments according to major financial firms.

HSBC says that AMD (AMD) is an important artificial intelligence company that has incredible growth potential. They recently upgraded the semiconductor chip company to a status of Hold, from their previous Buy rating. AMD is up today on the stock market by 1.82%, even though the wider markets are down.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>


The stock is rising fast but could go much higher. It is currently on a long downtrend but may have reached its support level and looks to be turning around and seeking higher ground. The stock has performed well overall this year, starting January off at about $1.38 per share and increasing to its current price of $163 per share. It soared as high as $211 just recently and could easily repeat that soon.

Nvidia Is Still a Worthwhile AI Stock

Financial firms still have a lot of confidence in Nvidia (NVDA), calling it a stock with staying power. They expect the stock to do incredibly well this year, especially after its remarkable performance already that saw the stock gain 97% between January and late March of this year.

Evercore ISI says that Nvidia will outperform expectations, and they anticipate that the AI stock will double by the end of the year hitting somewhere around $1,600 per share. It is Nvidia’s software ecosystem that sets it apart, as many tech companies rely on what Nvidia creates to power their Ai projects.

The consensus from most financial experts is that Nvidia is one stock you do not want to sleep on, and its initial performance this year is only the tip of the iceberg for what it will accomplish before 2024 is through.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles