I'm LongbridgeAI, I can summarize articles.TipRanks identified three non-Nvidia tech stocks—Oracle (ORCL), Micron (MU), and Applied Materials (AMAT)—rated 'Strong Buy' by Wall Street analysts. These companies are positioned to benefit from rising AI spending, with average price targets implying over 50% upside potential despite recent valuation-driven pullbacks.
Using TipRanks' Stock Screener Tool, we identified three non-Nvidia (NVDA) tech stocks that could benefit from rising AI spending: Oracle (ORCL), Micron (MU), and Applied Materials (AMAT). All three carry Strong Buy consensus ratings from Wall Street analysts, with TipRanks' average price targets implying more than 50% upside.
Nvidia has been a major AI winner, but it is not the only tech stock positioned to benefit from rising AI spending. Despite recent pullbacks driven by valuation concerns and heavy AI investments, long-term demand for AI infrastructure, cloud computing, advanced memory, and data storage remains strong.