Microsoft, Alphabet And Meta's Raised AI Capex Outlook Could Benefit These JPMorgan Stock Picks

Microsoft Corp (NASDAQ: MSFT ), Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ), and Meta Platforms Inc (NASDAQ: META ) have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments . According to a JPMorgan research report , these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ: ANET ), Coherent Corp (COHR), Dell Technologies Inc (NYSE: DELL ) and Lumentum Holdings Inc (NASDAQ: LI ). The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ: FLEX ) and Jabil Inc . (NYSE: JBL ). Also Read: ‘Meta Actually Has Major Profit Margins Unlike Tesla’: Redditor Reacts To … Full story available on Benzinga.com...

Benzinga - 4/26/2024 3:37:00 PM More News for ANET
Stock Analysis for ANET
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