What are the most loved tech stocks in 2024? Pay attention to blue-chip stocks other than NVIDIA!

In 2023, US high-tech stocks unexpectedly recovered, and artificial intelligence (AI) led the wave of soaring US stocks, $NVIDIA(NVDA.US)$It was an opportunity for high-tech companies such as to hit record highs. As we head into 2024, Wall Street analysts predict that high-tech companies such as NVIDIA will continue to be bullish. Also, many companies that were underestimated last year are also receiving a lot of attention this year.

Furthermore, analysts are major semiconductor companies $Advanced Micro Devices(AMD.US)$with $Broadcom(AVGO.US)$I'm also making bullish predictions. According to the consensus of analysts,BroadcomWhat is the average target stock price1155 dollars. Asset management company Bernstein selected Broadcom as a top pick. Mizuho Securities is still Broadcom”An industry leader”, and it was pointed out that it continues to demonstrate its strengths in a broad semiconductor portfolio including broadband, software, wireless (iPhone), and network technology. Also, Barclays analysts said AMD's target stock priceRaised from $120 to $200AMD's this yearAI chip salesIt is said that there is a possibility that it will reach 4 billion dollars or more in 2025. KeyBank analysts raised the company's target share price from $170 to $195.

IT industry
Wall Street analysts have a favorable impression of the IT industry in 2024, and financial institutions such as Bank of America, Citi, Deutsche Bank, Goldman, and JPMorgan $Amazon(AMZN.US)$It has been evaluated as the most attractive e-commerce (EC) stock in 2024. Meanwhile, investment banks Oppenheimer and Roth MKM also owned the companyMost popular large stocksIt is recommended.

Evercore ISI analyst Mark Mahaney said Amazon $Expedia(EXPE.US)$、 $Meta Platforms(META.US)$was selected as the top pick for 2024. Mahaney said metaReels (Reels)It was pointed out that it has an “eye-catching value proposal for users and advertisements,” considering the new revenue opportunities that can be obtained through and the broad influence that the company's applications have globally. He also said that Amazon is at an inflection point where profit growth is accelerating and operating profit is expanding. The company pointed out that it has a strong management team and a leading position in the online retail and cloud computing fields.

JPMorgan analysts also showed a similar view on Amazon and selected it as the top pick for large stocks. The analyst also said $Alphabet-A(GOOGL.US)$Ad revenue and profit margins have improved, and the company's artificial intelligence (AI) model“Gemini”It is stated that the so-called “AI gap” due to (Gemini) has also been reduced.

Piper Sandler (Piper Sandler) analyst Thomas Champion also evaluated Amazon as a top pick for large stocks. Accompanying $Pinterest(PINS.US)$Highlight the strong performance of the companySmall to medium stocksIt is also worth noting that it was rated as a top pick.

software industry
In 2024, Wall Street analysts $Microsoft(MSFT.US)$It is predicted that the high price will be updated in 2024 as well. Goldman Sachs analyst Kash Rangan showed that Microsoft's performance was “appropriate” for the company to opportunities in the artificial intelligence (AI) field, and also for new businessesThere is room for improvementI said it. In addition to Microsoft, Goldman Sachs $Adobe(ADBE.US)$with $ServiceNow(NOW.US)$is the top pick, and its resilient growth trajectory, opportunities for profit expansion, and position in the AI field are listed.

Who are Evercore ISI analysts $Salesforce(CRM.US)$will be the top pick for 2024, and I believe that recent headwinds have been resolved and profit margins will continue to expand. Also, $Snowflake(SNOW.US)$I see it as a “potential” stock.

Communication/network equipment industry
Evercore ISI states that a more stable macro environment combined with long-term momentum due to accelerated deployment and introduction of AI infrastructure should bring about a new turning point for the entire hardware/network industry. JPMorgan will be a company related to AI infrastructure in 2024, and in the second half of this yearBullish on companies that have the potential to increase AI-related revenueIt's called. In communication and network equipment related brands, $Arista Networks(ANET.US)$with $Coherent(COHR.US)$Both companies have influence on AI spendingundervaluedIt is said it has been done