There's a host of stocks that can still benefit from the artificial intelligence craze besides Nvidia , according to analysts.
As investors look for AI plays beyond Nvidia, CNBC Pro used FactSet data to screen for stocks in the technology and semiconductor space that should see significant earnings growth in the future.
Analysts anticipate year-over-year earnings per share for 2024 will grow by 39.5% and advance by 48.7% in 2025.
Management said on the company's earnings call that sequential growth is expected throughout 2024, with the second half of the year being stronger than the first.
Other stocks that can expect to see huge earnings growth moving forward include Super Micro Computer , audio and imaging technologies developer Dolby Laboratories and Ultra Clean Holdings .
Persons:
Jensen Huang, Christopher Danely, Evercore, Fabless chipmaker SiTime, It's, SiTime
Organizations:
Nvidia, Conference, Bank of America, CNBC Pro, Devices, Citi, AMD, Seagate Technology, Evercore ISI, Seagate, Management, Micro, Dolby Laboratories, Clean Holdings