NatalieLopez

 10 Apr 24

tl;dr

UBS issued a report Wednesday spotlighting its highest-conviction artificial intelligence-themed equity ideas for the next 6 to 24 months. In total, the financial institution outlined 23 tactical names that it believes will capture opportunities presented by AI. “We expect corporations to use AI too...

UBS issued a report Wednesday spotlighting its highest-conviction artificial intelligence-themed equity ideas for the next 6 to 24 months. In total, the financial institution outlined 23 tactical names that it believes will capture opportunities presented by AI. “We expect corporations to use AI tools to drive efficiencies across their businesses—ranging from customer service to operations to finance to software development,” UBS stated. “From an investment perspective, the beneficiaries of AI can be broken down into four areas: infrastructure and input providers (cloud), hardware (GPU manufacturers), operators and enablers (large language models), and application\beneficiaries (text  generation, programming, image/video generation),” the firm noted. See below some of the names UBS highlighted, along with each stock's year-to-date performance: - Adobe (ADBE) -18.8% YTD. - Advanced Micro Devices (AMD) 12.8% YTD. - Digital Reality (DLR)  4.5% YTD. - Equinix (EQIX) -3.7% YTD. - Microsoft (MSFT) 11.8% YTD. - Oracle (ORCL)  15.9% YTD. - Palo Alto (PANW) -5.3% YTD. - Qualcomm (QCOM) 19.1% YTD. - Salesforce.com (CRM)  13.9% YTD. - Workday (WDAY) -1.8% YTD.

More about Adobe Systems Incorporated

Adobe Inc. (ADBE) is a leading American multinational computer software company, headquartered in San Jose, California. The company specializes in software for content creation, including graphics, photography, animation, and multimedia. It has also ventured into digital marketing management software. Adobe boasts millions of users globally and offers flagship products such as Photoshop, Illustrator, Acrobat Reader, and tools for audio-visual content creation.

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: 220.66 billion

Current Price: $47.13

Dividend Yield: None

Price/Earnings Ratio: 10.45

52-Week High: $43.76

52-Week Low: $0.241

Revenue: 19.936 billion

EPS: $621.87

Beta: -0.498

Volatility: 0.113

More about Advanced Micro Devices Inc

Advanced Micro Devices Inc,Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.


Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 274.58 Billion

Current Price: 320.57

Dividend Yield: None

Beta (5Y Monthly): 1.05

PE Ratio (TTM): 14.05

EPS (TTM): 0.0377

Shares Outstanding: 2.268 Billion

Day's Range: 190.75 - 48.69

1 Year Target: 0.102

More about Digital Realty Trust Inc
Stock Analysis: Digital Realty Trust Inc

Stock Analysis: Digital Realty Trust Inc

Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services.

Sector: Real Estate & Construction

Industry: Real Estate Investment Trusts

Market Cap: 46,498,230,000

Current Price: $48.47

Dividend Yield: 4.88%

P/E Ratio: 3.01

EPS: 18.24

Beta: 0.174

Revenue: 5,447,270,000

Shares Outstanding: 144.58 million

Book Value per Share: $2.097

Operating Margin: 11.2%

More about Equinix Inc
Equinix Inc Summary

Equinix, Inc. is an American multinational company headquartered in Redwood City, California, that specializes in Internet connection and data centers.

Sector: Real Estate & Construction

Industry: Real Estate Investment Trusts

Market Cap: $75.81 billion

Current Price: $77.49

Dividend Yield: 14.49%

P/E Ratio: 10.34

52-Week High: $82.83

52-Week Low: $0.125

Volume: 7,754,491,000

Average Volume: 928.25

Beta: 0.731

EPS: 0.154

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Sector: TECHNOLOGY

Industry: SERVICES-PREPACKAGED SOFTWARE

Market Cap: $316.74 billion

Current Price: $38.61

Change: 2.86

% Change: 11.04%

52-Week Range: $30.61

EPS: $0.363

Volume: 227,583,001

Avg. Volume: 460.92

PE Ratio: 0.332

Dividend Yield: 0.176

More about Oracle Corporation

Company: Oracle Corporation

Industry: Technology, Services-Prepackaged Software

Market Cap: 338.70 billion

Current Price: $32.43

Dividend Yield: 1.6%

Price/Earnings Ratio: 3.8

52-Week High: $19.21

RSI: 0.203

Volume: 52,509,990

Market Cap (intraday): 140.07 billion

Beta: 0.25

EPS: 0.071

More about Palo Alto Networks Inc

Palo Alto Networks Inc Summary

Palo Alto Networks, Inc. provides cybersecurity platform solutions globally. The company is headquartered in Santa Clara, California.

Company Details:

Sector: Technology

Industry: Computer Peripheral Equipment

Market Cap: $90.19 billion

Stock Price: $43.21

Dividend Yield: None

P/E Ratio: 6.46

EPS: 24.27

ROE: 30.2%

Volume: 7,527,400,000

Revenue: $33.63 billion

Net Income: $18.56 billion

Profit Margin: 19.3%

More about Qualcomm Incorporated

Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA mobile communications standards.

Industry: Manufacturing, Radio & TV Broadcasting & Communications Equipment

Market Cap: 195.93 billion

Current Price: $25.05

PE Ratio: 3.15

EPS: 7.01

52-Week High: $32.53

52-Week Low: $0.214

Revenue: 36.29 billion

Net Income: 166.29 billion

Dividend Yield: 0.245

Beta: 0.05

More about Salesforce.com Inc
Salesforce.com Inc Summary

Salesforce.com Inc

Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: 293.30 billion

Stock Price: $71.99

Dividend Yield: 0%

P/E Ratio: 4.2

EPS: $35.79

Beta: 0.119

Revenue: 34.86 billion

Operating Income: $328.93 million

Net Income: $4.952 billion

EBITDA: 0.108

More about Workday Inc

Company: Workday Inc

Description: Workday, Inc. provides business applications in the cloud worldwide. The company is headquartered in Pleasanton, California.

Sector: Technology

Industry: Services-Computer Processing & Data Preparation

Market Cap: $71.62 billion

Current Price: $52.13

Dividend Yield: None

P/E Ratio: 5.2

EPS: $27.78

Beta: 0.19

Revenue: $7.25 billion

Net Income: $317.73 million

Shares Outstanding: 0

Book Value per Share: $0.168

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24