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Investing in the AI Boom: Spotlight on Nvidia and Broadcom

Key Insights

  • Zacks Thematic Screens features 30 investment themes, including selections focused on Artificial Intelligence.
  • The AI screen identifies companies from both software and hardware sectors, as well as those leveraging this technology effectively.
  • Notable AI selections include Nvidia, benefiting from strong demand in data centers, and Broadcom, boasting a 44% year-over-year revenue growth.

The Zacks Thematic Screens provide access to 30 influential investment trends. These themes cover various sectors from advanced technologies to renewable energy and healthcare advances, giving investors the chance to engage with significant ideas.

To explore these themes, click here >>> Thematic Screens – Zacks Investment Research.

The Artificial Intelligence thematic screen highlights firms involved in creating software and hardware for AI, as well as those applying this technology in areas like automation and diagnostics.

Among the stocks featured are Nvidia NVDA and Broadcom AVGO, both of which hold favorable Zacks Ranks. Let’s examine these two further.

Nvidia: A Leading AI Choice

Nvidia remains a top pick for investors looking toward AI, with its Data Center outcomes consistently surpassing forecasts due to soaring demand. The stock holds a favorable Zacks Rank #2 (Buy), accompanied by a strong earnings outlook.

Zacks Investment Research Image Source: Zacks Investment Research

Nvidia has shown astonishing sales growth, achieving triple-digit increases in five of its last six reporting periods, with only one period reporting a 93% growth rate.

Zacks Investment Research Image Source: Zacks Investment Research

Recently, the stock has faced some challenges, dropping 4% over the past three months. Despite this, the positive earnings forecast hints at potential recovery and stronger performance in upcoming quarters.

Broadcom’s Strong AI Performance

Broadcom has emerged as a strong contender in the AI sector, as revealed by its recent quarterly results demonstrating solid demand. For FY24, the company reported record annual revenue of $51.6 billion, marking a 44% increase from the previous year.

Broadcom also earned a favorable Zacks Rank #2 (Buy), with a positive earnings outlook across its portfolio following its robust quarterly results.

Zacks Investment Research Image Source: Zacks Investment Research

Investors seeking income alongside AI exposure might find Broadcom appealing, given its 12.3% annualized dividend growth rate over the past five years. While its current yield stands at 1%, the focus on steady payout increases remains a significant draw.

Zacks Investment ResearchImage Source: Zacks Investment Research

Conclusion

The Zacks Thematic Screens provide valuable insights into 30 investment themes that shape our future. With interests spanning technology, renewable energy, and healthcare innovations, investors can engage with concepts that resonate with their values.

Upon running the Zacks Artificial Intelligence thematic screen, both Nvidia NVDA and Broadcom AVGO emerged as prominent options.

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NVIDIA Corporation (NVDA): Free Stock Analysis Report

Broadcom Inc. (AVGO): Free Stock Analysis Report

For the complete article on Zacks.com, click here.

Zacks Investment Research

The views expressed here belong to the author and do not necessarily reflect those of Nasdaq, Inc.

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