Seeking Exposure to AI Stocks? Use This Tool

Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.

For those interested in viewing the Thematic lists, please click here >>> Thematic Screens – Zacks Investment Research.

Let’s take a closer look at the Artificial Intelligence theme and analyze a hot stock that the screen returned, Broadcom AVGO.

This screen features diverse companies involved in AI, ranging from creators of software and hardware that power AI to those applying and utilizing this technology through automation, diagnostics, cognitive tasks, and more.

Artificial Intelligence

Artificial Intelligence (AI) refers to the technology that enables computers and machines to simulate human intelligence and problem-solving capabilities to perform the cognitive functions usually associated with human minds.

In general, AI systems work by ingesting large amounts of data with fast, iterative processing and intelligent algorithms. It then analyzes the data using neural networks for correlations and patterns and allows the software to learn automatically from these patterns to make predictions.

Broadcom Reports Strong AI Revenue

Broadcom is evolving a broad portfolio of technologies to extend its leadership in enabling next-generation AI infrastructure. This includes foundational technologies and advanced packaging capabilities aimed at building the highest performance, lowest power custom AI accelerators.

The company’s EPS outlook has shifted bullishly across the board, a result of strong quarterly results that have revealed strong demand.

Its recent set of quarterly results brought several positives, with AI revenue of $5.2 billion melting 63% higher year-over-year. The company’s sales have remained notably strong over recent periods thanks to the above-mentioned AI frenzy, as shown below.

Bottom Line

Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.

Upon running the Zacks Artificial Intelligence Thematic screen, Broadcom AVGO was returned. 

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This article originally published on Zacks Investment Research (zacks.com).

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