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Zacks Market Edge Highlights: NVIDIA, Marvell, Microsoft, Arista and Palantir

For Immediate Release

Chicago, IL – June 1, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:  https://www.zacks.com/stock/news/2102204/ai-stock-euphoria-should-you-buy-hold-or-sell

AI Stock Euphoria: Should You Buy, Hold or Sell?

Welcome to Episode #360 of the Zacks Market Edge Podcast.

  • (1:30) - Navigating Nvidia's Current Stock Performance

  • (4:15) - The AI Revolution: Should You Be Buying or Selling?

  • (8:45) - Large Cap Tech Stocks To Consider For AI Investments

  • (14:30) - Should You Be Chasing The AI Stocks?

  • (21:00) - Episode Roundup: NVDA, MRVL, ORCL, MSFT, GOOGL, CRWD, AMD, ANET, PLTR, TSLA

  • Podcast@Zacks.com

Should You Buy, Sell or Hold the AI Stocks?

The Technology Innovators newsletter, which owns innovative tech stocks, no surprise, actually owns several AI stocks. On May 1, 2023, Andrew had great timing when he bought NVIDIA (NVDA) for the Technology Innovators portfolio. It is up 43.5% in just a few weeks.

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Andrew is still holding it in the portfolio. But should investors do the same? NVIDIA is up 176% year-to-date. Andrew discusses the difference between investors who bought NVIDIA years ago to one who bought just a few weeks ago.

Know your goals. Are you a trader or an investor? What is your time horizon? 

Tracey and Andrew looked at a bunch of AI stocks. Here are 4 of them.

4 AI Stocks: Too Hot to Handle?

Marvell Technology MRVL

Marvell Technology has been even hotter than NVIDIA in the last month. Shares of Marvell are up 63% over the last month.

Marvell doesn’t come cheap though. It’s trading with a forward P/E of 45. But who cares about P/Es with AI? It’s all about growth and innovation. But you’ll also pay more for the sales too. Marvell has a P/S ratio of 9.7.

Should Marvell be on your short list?

Microsoft (MSFT)

Microsoft got the ball rolling on this AI mania when it launched ChapGPT earlier this year. But, surprisingly, Microsoft is “only” up 8% in the last month. However, it’s shares are hitting new 52-week highs.

Microsoft isn’t as expensive as some other AI stocks. It has a forward P/E of 34.5 but it’s P/S ratio is not a value, at 11.9.

Is Microsoft a deal among the AI stocks?

Arista Networks, Inc. (ANET)

Arista Networks is hitting new 52-week highs during the AI stock mania. This is one of Andrew’s favorite, under the radar, AI stocks. Shares are up “just” 8.9% this month but are up 43.7% year-to-date.

Arista Networks is trading with a forward P/E of just 29. That seems almost cheap compared to some other companies. But it’s P/S ratio is not cheap, at just 10.8.

Should Arista Networks be on your short list?

Palantir Technologies (PLTR)

Palantir shares have been on a tear. If you think NVIDIA’s stock is hot, Palantir shares are up 89.8% in just the last month. Year-to-date it’s up 129%.

As you might expect, Palantir is not cheap. It has a forward P/E of 65. Its P/S ratio is 14.6. There’s nothing cheap about a P/S ratio over 10.

Should you buy Palantir on this momentum?

What Else Do You Need to Know About the AI Stocks? 

Listen to this week’s podcast to find out.

[In full disclosure, Andrew owns shares of NVDA in his personal portfolio and Tracey owns shares of MSFT in hers.]

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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.

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

Microsoft Corporation (MSFT) : Free Stock Analysis Report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report

Arista Networks, Inc. (ANET) : Free Stock Analysis Report

Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report

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