Hedge fund style hidden AI stock investment! Which “+” stocks of “NVIDIA +” still have room to rise?
The AI boom has just begunIt looks like that.NVIDIA's financial results and the expansion of capital investment by US Big Tech are showing。If there is a long-running AI boom, who is the winnerNVIDIA is not necessarily just one company,It becomes “NVIDIA +”It is expected.
From the most recent portfolio of hedge funds,Hedge funds have already established “NVIDIA +” positionsIt turns out they are doing it.Regarding the “+” stocks of “NVIDIA +”, I checked which stocks still have room to rise in stock prices。
$Goldman Sachs (GS.US)$ According to the aggregation and analysis ofHedge funds for the fiscal year ending 1-3 monthsOf the 7 major US tech companies, the Magnificent 7 $Alphabet-A (GOOGL.US)$ Ya $Amazon (AMZN.US)$ 、 $NVIDIA (NVDA.US)$ 、 $Microsoft (MSFT.US)$ 、 $Meta Platforms (META.US)$ Positions such as have been reduced slightly (*) Meanwhile,In addition to Apple, it has increased AI-related infrastructure and public service positions(Bloomberg article).
(*However, the ratio of Magnificent 7's long (buy) portfolios, with NVIDIA at the top, accounts for 13% of the total longs, and is still high. (It seems that the sale of some holdings was adjusted in response to stock price increases from the beginning of the year.)
In addition to Apple, a list of companies most popular for AI-related infrastructure, public services, etc. hedge fundsare as follows. Electric power company's $The AES Corp (AES.US)$ and mining companies' $Freeport-McMoRan (FCX.US)$ , of an industrial technology manufacturing company $Littelfuse (LFUS.US)$, optimize power plant performance $Nextracker (NXT.US)$ IT supply chain service company's $TD Synnex (SNX.US)$has entered the list. What are these brandsCommon because they are doing business related to AI data centersI can say they are doing it.
The above brands areThere are many stocks with strong stock prices(Apple made adjustments until April, but rebounded in May),Hedge funds take the lead and invest in AI-related stocksI can hear what you did.
Also,Investment in the public utility sector by hedge funds was greater than at any point in the past 10 yearsGoldman Sachs pointed it out. In addition to the above brands, electric power companies' $Vistra Energy (VST.US)$ Ya $NextEra Energy (NEE.US)$ Also, Goldman Sachs's50 popular brandsIt is said that it was listed in (*) (*Goldman Sachs is strong in the hedge fund business, so it can be said that related data shows trends in the hedge fund industry).
Why are electric power stocks popular、AI data centers consume large amounts of electricityThat's because it's known. Several power companies announced financial results and indicated that demand for electricity for data centers is expected to expand over the next few years.
For example, Bistra is a financial results announcement material for 5/8,Data center operations will require an additional 35 gigawatts of electricity by 2030It was shown that there is a possibility that it will occur. For details, see 5/17”“Electricity” lacking compared to NVIDIA semiconductors! What power stocks are attracting attention due to the AI data center construction rush? Check out the earnings forecasts too!Please refer to”.
movies“The Big Short” (short sale of the century)Depicted inSteve Eisman(※) isNVIDIA and AMD and cloud companies with extensive databases are the most obvious AI investment opportunitiesI've listed them. On the other hand,”Apple is the hidden AI playerI think,” she answered a CNBC interview last week.
(*Steve Eisman became famous for predicting the collapse of subprime mortgages before the 2008 financial crisis and carrying out the “short sale of the century.” (As an aside, “The Big Short” is one of my favorite movies, and I think I can experience the movements of Wall Street during the financial crisis with a sense of realism.)
Mr EismanisIt showed the view that Apple would be the biggest beneficiary when AI-driven apps became mainstream. The Neuberger Berman Group, where he is in charge of portfolio managementHolds Apple sharesDoing it.Other “hidden AI-related stocks” held by the fundIs the electric power stock's $CenterPoint Energy (CNP.US)$ and special construction contracting companies $Quanta Services (PWR.US)$ , a building materials manufacturer's $CRH PLC (CRH.US)$ There are things like that.AI data centers are rushing to be built in the USBased on what is in, the above stocksYou're going to benefit from that。
The AI-related stocks that were taken up above areThere are many stocks whose stock prices have been strong since the beginning of the year。Some stock prices are already target stock pricesIs it getting close to (Bloomberg tally), orIt has been exceededThere are also quite a few brands.
The main reasons are thought to be the following 2 points。
1) There is a possibility that buying due to expectations of the AI boom has gone too far in the short term. In that case, it is necessary for each company to produce performance that exceeds analysts' expectations, and analysts may revise target stock prices upward in response to that. Meanwhile, if this is not the case, stock prices reflecting expectations that have gone too far may be adjusted later.
2) Hedge funds are more farsighted. Unlike Big Tech and NVIDIA, there are few analysts who cover some stocks, so follow-up by analysts has been delayed, and there is a possibility that revisions to target stock prices have not caught up.
If 2) is correct above, it can be said that it is difficult to predict when hedge funds will make profit based sales and how much room there is still room for growth in the future. Therefore,If a safe margin were to be set, stocks that still have room to rise compared to target stock prices may be more suitable as investment targets at this time。
In the meantime,The rate of increase in sales for the next 2 fiscal years and the adjusted EPS (earnings per share) growth rate will also be taken into accountThen, $NVIDIA (NVDA.US)$ Other than $Adobe (ADBE.US)$ Ya $CRH PLC (CRH.US)$ 、 $Marvell Technology (MRVL.US)$ 、 $Advanced Micro Devices (AMD.US)$ 、 $Apple (AAPL.US)$There still seems to be an investment in things like that.
Created 5/28/24 Market Analyst Amelia
Source: Created by Moomoo Securities from Bloomberg and various materials
Source: Created by Moomoo Securities from Bloomberg and various materials
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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182076928鬼平 : Thank you very much for your hard work.
Well, it's been researched a lot.
I can't finish transcribing, so I'll go back and try again. Thank you very much
182834711 : My brands are NVIDIA, Amazon, Microsoft, and Apple.