Oppenheimer puts Nvidia on list of 'Best Momentum Stocks'
Investment institution Oppenheimer included chip manufacturer Nvidia (NVIDIA) in its latest momentum stock recommendation list. ) and semiconductor equipment supplier Lam Research (Lam Research) listed as the "best of the best" preferred targets, believing that these two stocks have the strongest upward momentum in the current market. Analysts at Oppenheimer pointed out in a report released on Monday that Nvidia's dominance in the field of AI chips remains stable, and its CUDA ecosystem and upcoming new generation of GPU architecture constitute strong competitive barriers. Although the stock price has fallen since hitting a record high in June, analysts believe that as global technology giants continue to expand investment in AI infrastructure, Nvidia's data center business revenue is expected to exceed expectations in the second half of the year. The report maintains an "outperform" rating for Nvidia and lists it as a core holding of the momentum investment strategy. Fanlin Research, which was also selected, is regarded as a key beneficiary of the semiconductor manufacturing process. Oppenheimer believes that with As manufacturers increase capital expenditures for next-generation chip manufacturing processes, Lam Research's market share in the field of etching and deposition equipment will continue to expand. In addition to the two chip companies mentioned above, Oppenheimer’s momentum stock list also includes homestay short-term rental platforms. (Airbnb), self-driving technology company Aurora Innovation, and building materials company James Hardie Industries. Analysts believe that Airbnb has benefited from the continued recovery of global travel demand, Aurora is in a critical stage of commercialization of autonomous driving, and James Hardie's resilience in the North American construction market has exceeded expectations. Oppenheimer's momentum strategy is based on analyzing stock price movements, earnings growth A comprehensive quantitative assessment of industry trends. The agency stated that the companies in this round of recommended lists all have strong profit growth potential and positive market sentiment support, and still show a clear upward trend despite macroeconomic uncertainty. Oppenheimer also reminded that momentum stock strategies have higher risks when facing systemic market corrections, and suggested that investors pay close attention to the impact of the Fed's monetary policy direction and the geopolitical situation in the Middle East on market risk appetite. Boosted by this report, Nvidia and Lam Research's share prices both rose slightly by about 1% in pre-market trading on Monday.