The massive market rally so far in 2023 has been driven largely by mega-cap technology companies that look like they will be the biggest winners in the artificial intelligence (AI) revolution. Companies like Nvidia have surged higher on the promise of generative AI, and while there is no question that the future is wide open, and the prospects are almost limitless, chasing the companies that have been the tailwind for the surge higher in the stock markets might not be the best plan now.
At 24/7 Wall St., we decided to screen our AI technology database looking for companies that may be overlooked in the revolution that continues to grow in intensity seemingly every day. Five top technology stocks, which are all rated Buy at leading Wall Street firms, may provide an outstanding way for aggressive growth investors to join in on the AI trade without chasing some of the companies that have had parabolic moves higher.
This post originally appeared at 24/7 Wall St.