![](https://www.newspostalk.com/wp-content/uploads/https://image.cnbcfm.com/api/v1/image/107342616-1701703094701-gettyimages-1481133084-srk_8591.jpeg?v=1701847019&w=1920&h=1080)
![](https://www.newspostalk.com/wp-content/uploads/https://image.cnbcfm.com/api/v1/image/107342616-1701703094701-gettyimages-1481133084-srk_8591.jpeg?v=1701847019&w=1920&h=1080)
[ad_1]
Artificial intelligence has been a huge theme this year, with investors rushing into many AI-related stocks. Nvidia soared over 200% year to date, and Microsoft around 56%. But not all AI-related stocks are necessarily too expensive to buy right now. Dave Sekera, Morningstar’s chief U.S. market strategist, said he would move to an underweight position on tech stocks now and take profit in overvalued stocks. But he flagged opportunities in two derivative plays on AI that investors can consider. “Not everything in the technology sector is overvalued. While the obvious plays in artificial intelligence have already run up, we see opportunities in those stocks we consider as second derivative plays on AI,” Sekera told CNBC on Wednesday. He named two U.S. stocks: IT services and consulting firm Cognizant Technology and cloud company Snowflake . Cognizant, which provides services to companies that want to adopt AI, is trading at 24% to Morningstar’s fair value estimate, according to Sekera. Its shares are up around 24% year to date. “Most companies aren’t necessarily going to have given the expertise or the financial wherewithal to be able to build out their own AI and train AI models. So I think that’s why they’re going to need to outsource to a company like Cognizant,” Sekera told CNBC’s ” Street Signs Asia ” on Wednesday. Sekera sees a “long term tailwind” for Snowflake, which he said trades at about 18% discount to Morningstar’s fair value estimate. “With Snowflake … in the data center area, I think the people are going to need Snowflake on the data side in order to train those models,” he said. Its shares are up nearly 30% year to date. Sekera isn’t the only one recently bullish on those two stocks. In late October, Citi upgraded Cognizant from neutral to a buy rating, and raised its price target from $70 to $80. As for Snowflake, Barclays in a late November note said it raised its price target for the stock from $183 to $198. — Correction: The headline was updated to accurately reflect that the two stocks mentioned are secondary artificial intelligence plays.
[ad_2]
Source link
Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138 Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet