We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The AI Frenzy continues to dominate headlines, with the trend undoubtedly going nowhere anytime soon. It’s reasonable to understand why are so many bullish on the development, regularly compared to the internet boom in the early 2000’s.
But outside of NVIDIA (NVDA - Free Report) , there are several lesser-known plays on the AI Frenzy, a list that includes Credo Technology (CRDO - Free Report) and Comfort Systems USA (FIX - Free Report) . Let’s take a closer look at each.
Credo Sees Growth Surge
Credo Technology provides innovative, secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
The company’s EPS outlook remains bullish nearly across the board, with analysts raising expectations following its latest release.
Image Source: Zacks Investment Research
Credo’s latest set of quarterly results was fueled by continued strong demand for its services, with the company a big beneficiary of the AI frenzy. CRDO crushed our consensus expectations, with sales up a staggering 180% year-over-year. Below is a chart illustrating the company’s sales on a quarterly basis, with the acceleration visibly seen over the past few periods.
Image Source: Zacks Investment Research
FIX Enjoys Bullish Outlook
FIX shares represent a nice opportunity to obtain exposure to the AI infrastructure buildout thanks to its products utilized in data centers, which reflect a massive tailwind for the near and long-term picture for the stock.
The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with EPS revisions moving higher across the board.
Image Source: Zacks Investment Research
Sales of $2.2 billion and adjusted EPS of $6.53 in its latest release crushed our consensus estimates, reflecting growth rates of 20% and 75%, respectively. As shown below, FIX’s sales growth has been stellar, underpinned by a growing backlog.
Image Source: Zacks Investment Research
Bottom Line
We won’t be escaping the AI frenzy anytime soon, with many companies benefiting nicely from the demand.
Though NVIDIA (NVDA - Free Report) and other recognizable names have been the typical AI ‘targets’, both stocks above – Comfort Systems USA (FIX - Free Report) and Credo Technology (CRDO - Free Report) – reflect lesser-known plays on the trade.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
2 Under The Radar AI Stocks Worth a Look
The AI Frenzy continues to dominate headlines, with the trend undoubtedly going nowhere anytime soon. It’s reasonable to understand why are so many bullish on the development, regularly compared to the internet boom in the early 2000’s.
But outside of NVIDIA (NVDA - Free Report) , there are several lesser-known plays on the AI Frenzy, a list that includes Credo Technology (CRDO - Free Report) and Comfort Systems USA (FIX - Free Report) . Let’s take a closer look at each.
Credo Sees Growth Surge
Credo Technology provides innovative, secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
The company’s EPS outlook remains bullish nearly across the board, with analysts raising expectations following its latest release.
Image Source: Zacks Investment Research
Credo’s latest set of quarterly results was fueled by continued strong demand for its services, with the company a big beneficiary of the AI frenzy. CRDO crushed our consensus expectations, with sales up a staggering 180% year-over-year. Below is a chart illustrating the company’s sales on a quarterly basis, with the acceleration visibly seen over the past few periods.
Image Source: Zacks Investment Research
FIX Enjoys Bullish Outlook
FIX shares represent a nice opportunity to obtain exposure to the AI infrastructure buildout thanks to its products utilized in data centers, which reflect a massive tailwind for the near and long-term picture for the stock.
The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with EPS revisions moving higher across the board.
Image Source: Zacks Investment Research
Sales of $2.2 billion and adjusted EPS of $6.53 in its latest release crushed our consensus estimates, reflecting growth rates of 20% and 75%, respectively. As shown below, FIX’s sales growth has been stellar, underpinned by a growing backlog.
Image Source: Zacks Investment Research
Bottom Line
We won’t be escaping the AI frenzy anytime soon, with many companies benefiting nicely from the demand.
Though NVIDIA (NVDA - Free Report) and other recognizable names have been the typical AI ‘targets’, both stocks above – Comfort Systems USA (FIX - Free Report) and Credo Technology (CRDO - Free Report) – reflect lesser-known plays on the trade.