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Forget Nvidia: 2 Hypergrowth Artificial Intelligence (AI) Stocks With Up to 243% Upside, According to Select Wall Street Analysts

The Motley Fool
Summary
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79% Informative

AI euphoria lifted Nvidia 's market cap by more than $3 trillion and necessitated a historic 10 -for-1 stock split.

Some Wall Street analysts have turned their attention to other hypergrowth AI stocks that, in their view, offer up to 243% upside.

Nvidia 's headwinds are mounting for Wall Street's AI darling, but Snowflake (NYSE: SNOW ) and Super Micro Computer (NASDAQ: SMCI ) offer more prolific upside.

Loop Capital's Ananda Baruah sees Super Micro's shares eventually hitting $ 1,500 , which would imply a more-than-tripling from where they closed on Aug. 30 .

Loop 's price target is based on the company being well-positioned in the AI server market.

Super Micro Computer has failed to live up to lofty growth expectations before.

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https://www.fool.com/author/1813/https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=953b4dd7-85a0-42f6-95dd-22fdf343de37&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D13885%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DNvidia&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=a69d9535-50c1-4baa-9397-63ea83d22f1fhttps://www.fool.com/investing/2024/09/03/forget-nvidia-2-ai-stocks-243-upside-wall-street/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=a69d9535-50c1-4baa-9397-63ea83d22f1fhttps://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=a69d9535-50c1-4baa-9397-63ea83d22f1fhttps://www.fool.com/investing/2024/06/08/nvidia-has-completed-its-10-for-1-stock-split-ai/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=a69d9535-50c1-4baa-9397-63ea83d22f1fhttps://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=953b4dd7-85a0-42f6-95dd-22fdf343de37&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26amp%253Bsource%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D13885&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=a69d9535-50c1-4baa-9397-63ea83d22f1f

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