Mon, Jul 1, 2024 3:24 PM
Wall Street Just Turned Bullish on These 3 Hot Stocks
A Flip by Riya Sharma
Today, shares of One Point One Solutions Limited gained 10 per cent to the upper circuit of Rs 80.85 per share from its previous closing of Rs 64.41. The stock also made a fresh new 52-week high of Rs 70.85 per share. The stock gave multibagger returns of over 240 per cent from its 52-week low of Rs 20.35 per share.
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Companies leading in AI have driven the stock market up, with Nvidia's share price gains accounting for 32% of the S&P 500's increase. AI's growth story is still in its early days, with the market expected to reach $1 trillion by the end of the decade. Three solid buys in the AI space are Intel, trading at 28 times forward earnings estimates, Meta Platforms at 25 times, and Nvidia at 45 times.
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Three stock-split stocks - Nvidia, Chipotle Mexican Grill, and Sirius XM Holdings - could skyrocket up to 130% based on Wall Street analysts' price targets. Nvidia's stock could gain 62% due to its dominance in AI-inspired graphics processing units and software. Chipotle Mexican Grill's stock could rise 28% due to its strong ties to Gen Z and ability to engage with consumers via digital platforms.
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