Yahoo Finance Here are 10 stocks to own in the second half of 2024, according to Rosenblatt
Investing.com -- Analysts at Rosenblatt have outlined their top stock picks in global technology for the second half of 2024:
Advanced Micro Devices (NASDAQ:AMD) - The analysts said the semiconductor group is on pace to capture double-digit graphics processor unit compute share despite a "formidable" line-up of artificial intelligence-optimized chips due out from rival Nvidia (NASDAQ:NVDA).
Apple (NASDAQ:AAPL) - The tech giant's new AI-enhanced "Apple Intelligence" system will provide "unique" privacy features that many consumers are craving, the Rosenblatt analysts argued.
Applied Optoelectronics (NASDAQ:AAOI) - The fiber optic cable manufacturer is "extremely well positioned to benefit" from the surge in enthusiasm around AI.
Autodesk (NASDAQ:ADSK) - The American software group demonstrated "improving growth" in the quarter ended on April 30th, the analysts said, adding that its operating cash flow is expected to "trend upwards" in the coming quarters.
CrowdStrike (NASDAQ:CRWD) - The cybersecurity group is "experiencing a signficant inflection in growth trends" thanks in part to its core Falcon platform, the analysts said.
Five9 (NASDAQ:FIVN) - Calling it a "compelling investment opportunity," the analysts argued that the provider of cloud contact center software has a "balanced outlook that acknowledges current economic challenges while positioning for a strong second-half recovery."
Harmonic (NASDAQ:HLIT) - The provider of video servers and storage is continuing to "dominate the march to next generation broadband," the analysts said.
Micron (NASDAQ:MU) - The Idaho-based chipmaker is on the cusp of "one of the biggest cycles in history" for memory chips because of the AI craze, the analysts said.
Rambus (NASDAQ:RMBS) - The chip interface developer's DDR5 modules are used in many AI servers, the analysts said, noting that there is a "misunderstanding around this point which is creating an opportunity to own Rambus shares at a low valuation."
Qualcomm (NASDAQ:QCOM) - The chipmaker is "driving" the next class of compute platforms, many of which include high-end generative AI technology, the analysts said.
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Here are 10 stocks to own in the second half of 2024, according to Rosenblatt
