Arista Networks is a market leader in high-throughput data center switches for intensive AI workloads. Bank of America has a "buy" rating and $170 price target for ANET stock.
Baidu, the leading Chinese internet search provider plans to launch its own AI chatbot in March and has experience in utilizing AI for NLP, machine learning, and microprocessor design. Bank of America has rated BIDU stock as a "buy" with a price target of $234
Analyst David Amira projects that RELX's implementation of AI and other advanced technologies will generate consistent compound annual earnings growth of 9-10% and trigger earnings multiple expansion for the stock
a SAP is one of the most AI-forward SaaS companies in the world, integrating AI into a growing number of solutions, leveraging internal data, and delivering valuable insights to its customers. Bank of America has a "buy" rating and $131 price target for SAP stock.
ASML is a critical provider of lithography tools used in AI chip production and around 10% of its revenues are directly or indirectly exposed to chips used to run AI applications. Bank of America has a "buy" rating and $837 price target for ASML stock.
Meta has increased its spending on AI and machine learning technology to train advertising models, generate relevant suggested content and build an AI supercomputer. Bank of America has a "buy" rating and $220 price target for Meta Platforms
Taiwan Semiconductor Manufacturing (TSM) 15% to 20% revenue being AI related, and an estimated 44% of TSM's total revenue coming from high-performance computing in 2024.Bank of America has a "buy" rating and $105 price target for TSM stock
Nvidia is a leading high-end chipmaker that dominates the AI market due to its position in the supercomputer GPU market, with potential to generate over $80 billion in revenue by 2027, bank of America has a "buy" rating and a $275 price target
Google uses AI and automation extensively in its business and has invested heavily in AI technology through its subsidiary DeepMind Technologies. Bank of America has a "buy" rating and $125 price target for Alphabet's Google stock.
Microsoft has invested heavily in OpenAI and is integrating the OpenAI model into its Bing search engine, while also leading in AI-enabled enterprise use cases, according to Bank of America analysts who have a "buy" rating and $300 price target for MSFT stock