The Zacks Analyst Blog Broadcom, NVIDIA, Amazon.com, Arista Networks and Oracle

For Immediate ReleasesChicago, IL – January 24, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include, Broadcom Inc. AVGO, NVIDIA Corp. NVDA, Amazon.com, Inc. AMZN, Arista Networks, Inc. ANET and Oracle Corp. ORCL.Here are highlights from Friday’s Analyst Blog:S&P Tracking for New Highs on AI Optimism: 4 Stocks to BuyThe Wall Street rally appears to have returned after Donald Trump took over as the President to begin a new term. Major indexes have resumed their northbound journey since the beginning of the week after a shaky start to 2025. On Wednesday, the S&P 500 hit an intraday record before closing just shy of its all-time closing high.The rally is once again being driven by optimism surrounding artificial intelligence (AI). Tech stocks have been largely responsible for the broader rally seen over the past couple of years and their stellar performance is likely to continue, making them a lucrative buy.Given the upbeat sentiment, it would be ideal to invest in tech stocks from the S&P 500 index, such as Broadcom Inc., NVIDIA Corp., Amazon.com, Inc. and Arista Networks, Inc. Each of these stocks has seen positive earnings estimate revisions in the last 60 days and carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.S&P 500 Rebounds on AI Optimism, Trump’s New TermThe S&P 500 hit an intraday record of 6,100.81, surpassing the last milestone attained in December before closing slightly below its all-time closing high. The index finally closed at 6,086.37.The rebound in the rally comes after a brief pause when stocks pulled back in the final weeks of December. However, a fresh wave of optimism surrounding AI and Trump’s new term as the President helped resume the rally this week.On Wednesday, Trump announced a $500 investment in AI infrastructure. The venture, named Stargate, will be created in collaboration with Oracle Corp. , SoftBank and OpenAI. Tech stocks rallied following the announcement.The enthusiasm surrounding AI has already been driving the broader market rally since 2024. The S&P 500 gained 23.3% in 2024 after climbing 24.2% in 2023. The index jumped 53% in the last two years, recording its best performance since the 66% gain in 1997-98.AI Optimism to StayExperts believe that AI has vast untapped potential. NVIDIA's impressive achievements over the past year have inspired many tech companies to explore AI's capabilities for gaining long-term business benefits.The advancement of smart devices is essential in this area, as they rely on strong computing and learning abilities for tasks like face detection, image recognition, and video analysis. These tasks demand high processing power, speed, memory, energy efficiency, and advanced graphics processors, all of which ultimately benefit the semiconductor industry.According to statista.com, the global AI market is projected to grow to $243.7 billion this year, up from $184.1 billion last year.4 AI Stocks with Growth PotentialBroadcomBroadcom Inc. is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V-based products. AVGO is steadily solidifying its presence in the AI chip market. Broadcom’s Ethernet AI solutions have seen a 400% increase year over year, and its Accelerators business has grown by 350%.Broadcom’s expected earnings growth rate for the current year is 29.4%. The Zacks Consensus Estimate for the current-year earnings has improved 2.9% over the past 60 days. AVGO currently has a Zacks Rank #2.NVIDIANVIDIA Corp. is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies.NVIDIA’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the past 60 days. Currently, NVIDIA has a Zacks Rank #2.Amazon.comAmazon.com, Inc. is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. AMZN’s online retail business revolves around the Prime program, which is well supported by its massive distribution network. Further, the Whole Foods Market acquisition helped Amazon establish a footprint in the physical grocery supermarket space. AMZN also enjoys a dominant position in the cloud-computing market, particularly in the Infrastructure as a Service space, thanks to Amazon Web Services.Amazon.com has an expected earnings growth rate of 82.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the last 60 days. AMZN presently carries a Zacks Rank #2.Arista NetworksArista Networks, Inc. provides cloud networking solutions for data centers and cloud computing environments. ANET offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for the next-generation data center networks. Arista uses multiple silicon architectures across its products.Arista Networks’ expected earnings growth rate for the current year is 26.4%. The Zacks Consensus Estimate for current-year earnings improved 1.4% over the past 60 days. ANET presently has a Zacks Rank #2.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Previewreports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                     https://www.zacks.com                                                Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks