Smart Investor: Big Tech Earnings, The Best AI Stocks to Buy Now
The artificial intelligence trade is driving tech stocks, with Big Tech earnings highlighting a data center buildout boom that funnels money into semiconductor chips. Nvidia, Microsoft, and Taiwan Semiconductor are among the best AI stocks to buy now.
Tech stocks gained nearly 3% last week, driven by the artificial intelligence trade and a data center buildout boom that is funneling huge amounts of money into semiconductor chips. Five of the Magnificent Seven Big Tech companies will report earnings this week. Morningstar's tech analysts identified key themes to watch during earnings season. The AI trade is driving investment in companies like Nvidia, Microsoft, and Taiwan Semiconductor, which are among the best AI stocks to buy now. The IPO market has been led by biotech and healthcare stocks, rather than tech. Richard Bernstein of Janus Henderson warns that investors should be wary of 1960s-style inflation due to a worsening US fiscal situation and oil price spike.
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