Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
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DealHub conducted an analysis of the last two earnings calls from over 200 leading companies, revealing the top 10 companies most actively discussing AI in the context of sales.
The list of companies includes Broadcom (NASDAQ: NASDAQ:AVGO), AMD (NYSE: NASDAQ:AMD), NVIDIA (NASDAQ: NASDAQ:NVDA), Thomson Reuters (NYSE: NYSE:TRI), Intuit (NASDAQ: NASDAQ:INTU), Salesforce (NYSE: NYSE:CRM), Alphabet (NASDAQ: NASDAQ:GOOGL), S&P Global (NASDAQ: SPGI), NetEase (NASDAQ: NASDAQ:NTES), and Adobe (NASDAQ: NASDAQ:ADBE).
«The data uncovers intriguing insights into the companies that are exploring AI in the realm of sales,» Gideon Thomas, Chief Marketing Officer of DealHub stated following the findings.
«As the domain of artificial intelligence evolves, we recognize that the need to feed the AI with error-free price quote information becomes exponentially more critical.»
Wall Street analysts are raising targets on Broadcom stock after the chipmaker said it finalized the acquisition of VMware. According to BofA Securities, AVGO’s «strongest, most attractive opportunity» remains in genAI and custom silicon, and they anticipate AI driving $8 billion in sales in FY24E.
On the AI deal closing, BofA Securities analysts said:
«Our first take estimate is around 2.3% and 7.3% pf-EPS accretion in FY24/25E, with upside to 10%+ accretion and $60+ in pf-EPS power for AVGO in CY25E if it's able to realize planned synergies and/or delever faster than
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