The growth of AI-related stocks has shifted investors’ attention toward finding new opportunities in the stock market. What stocks to monitor? Here are 2 promising titles.
The megatrend of artificial intelligence returns to the center of attention of analysts and investors, while shares linked to AI reach new highs, in this beginning of the year characterized by a very varied technical context. In addition to the well-known NVIDIA and Microsoft, which other companies listed on the US stock exchange, active in the AI sector, deserve particular attention in this new phase of growth?
1) Juniper Networks (JNPR), between Cybersecurity and AI
To identify new and potential players in the field of artificial intelligence, it can be useful to examine the main ETF AI themes in detail. The goal is to identify promising companies with high growth prospects, thus embodying the definition of “growth” of the moment. A prominent ETF this year is the First Trust NASDAQ Cybersecurity ETF (CIBR), which recorded a positive performance close to 40% during 2023, positioning itself among the best-performing passive funds in the year. Although the ETF’s title does not explicitly mention artificial intelligence, it includes several companies in the cybersecurity sector, which is closely linked to AI.
Among them, Juniper Networks (JNPR), with a market capitalization of $11.74 billion, recently posted an exceptional performance, with its stock price rising from $30 to $36, a gain of more than 23%. Juniper Networks is dedicated to the development and commercialization of technology and network security products, highlighting a positive fundamental structure with a P/E ratio of 27.07 and an operating margin of 10.74%. The stock rally pushed the JNPR share price close to all-time highs, located around $38, fueling the stock market’s interest in related corporate developments.
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2) Will Hewlett Packard Enterprise (HPE) delve into artificial intelligence?
The rise in Juniper Networks shares was influenced by rumors of an acquisition by Hewlett Packard Enterprise (HPE), which however saw a drop in the stock market. Despite this, HPE remains of great interest to investors, as a possible acquisition could strengthen its position in the artificial intelligence sector, a development that would not be overlooked by global markets.
HPE operates in the information technology (IT) sector and is known for its strategic maneuvers. In 2023, however, it recorded a negative performance of 5% on the stock market, despite the general growth of technology indices. With a market capitalization of $20.98 billion and a P/E of 10.49, HPE has shown growth in fundamentals, offering its investors a positive operating margin of 7.64%. HPE shares remain in the range between $18 and $14, areas that have characterized the share price in recent years. HPE is also found in various technology ETFs, including the NASDAQ Cybersecurity ETF (CIBR) itself.
Original article published on Money.it Italy 2024-01-10 10:52:22. Original title: Le azioni AI non si fermano: 2 titoli da monitorare
