Nvidia shares, Arm Holdings (ARM)en Super microcomputer (SMCI) excel in artificial intelligence. They also share a rare combination of highest possible IBD classifications.
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These Cloud Stocks Are Up 100% Year-Over-Year. Will AI Innovations Keep the Momentum Going?
They are among the five companies with a composite rating, earnings per share and relative strength of 99.
Nvidia shares are bouncing back
Nvidia (NVDA) is recovering after a sharp decline from record highs. AI stock remains extended from its 92.22 and 97.40 buy points. The IBD 50 and Leaderboard shares are up 155% year to date. Four consecutive quarters of triple-digit earnings and revenue growth demonstrate its superiority.
Arm Holdings’ architecture enables power-efficient applications and advanced chip designs used for generative AI in smartphones, cars and other industries. Arm is developing its own AI chips that will be available in 2025, Reuters reported.
IBD 50 stock rallied along with Nvidia stock to close in a buy zone again on Wednesday at 172.20.
AI Stock Super Micro Rock Profits
Super Micro Computer develops and produces server and AI storage products. The stock is 32% below its March high and testing its 50-day moving average. Super Micro’s earnings per share have grown from $5.65 in fiscal 2022 to $11.81 in 2023, with an expected $23.14 in fiscal 2024, which ends this month.
GigaCloud technology (GCT) offers
learns across the entire lifecycle of product, buyer and seller data, serving logistics, freight and warehousing companies. The AI ​​stock has been volatile since its March highs and is now down 12% from its 50-day mark.
IBD 50 name Celestica (CLS) gets perfect 99s after four straight years of robust earnings growth. The stock is trading tight and appears to be forming a three-week bullish pattern.
Celestica is a contract manufacturer that also provides design and supply chain services to industries ranging from aerospace to healthcare.
Follow Kimberley Koenig for more stock market news on X/Twitter @IBD_KKoenig.
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