AI Is Driving These 4 Stocks Higher

Here's how they rate… Published By Money & Markets, LLC. June 15, 2024 Published By Money & Markets, LLC. June 15, 2024 [Turn Your Images On] Editor's note: On Monday, Money & Markets Daily will start hitting your inbox at 11 a.m. ET. We'll kick things off with another edition of The 5, our brand-new weekly feature to get your week started right. Stay tuned… AI Is Driving These 4 Stocks Higher Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - Adobe Inc. (Nasdaq: ADBE): Artificial intelligence (AI) is innovating the way we create content, and it's benefitting Adobe. The company, known for its suite of creative software like Photoshop and Illustrator, raised its full-year revenue guidance as its AI-powered editing tools drive massive sales. Investors pushed shares 16% higher aftermarket on Thursday following Adobe's quarterly call. Time will tell if this is a turning point for this ["High-Risk"]( stock… - Oracle Corp. (Nasdaq: ORCL): Sticking to the [AI mega trend]( shares of ORCL jumped 13% higher on Wednesday to a record close after the company reported its own bullish outlook — thanks to AI. The company expects revenue to grow by double digits for its fiscal year that ends in May 2025, thanks to key partnerships with AI leaders like OpenAI and Google. This is good news for the ["Neutral"]( stock that has lagged the broader market over the last year. - Apple Inc. (Nasdaq: AAPL): The multitrillion-dollar Big Tech powerhouse revealed its own AI plans this week. It's also partnering with OpenAI to beef up its AI capabilities alongside the launch of its own Apple Intelligence platform. Shares of ["Bearish"]( AAPL closed out the week 8% higher, a welcome sight after months of lagging its peers. For more on what AAPL's news means for AI, make sure to read Matt Clark's latest piece [here](. - Super Micro Computer Inc. (Nasdaq: SMCI): On the semiconductor side, SMCI continued its massive outperformance. After rallying another 10% this week, it's sitting just below a ["Bullish"]( rating. Companies need chips to power these AI innovations, and SMCI is benefiting in a big way. — The Money & Markets team --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [Are Sports Betting Stocks Getting a Postseason Bump?]( [Turn Your Images On]( [AI Stock Update as Apple Takes Its Seat at the Table]( [Turn Your Images On]( [Forget Easy Money: How Smart Investors Will Profit From Here]( [Turn Your Images On]( [The Hits Keep Coming for “Bearish” TSLA Stock]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. 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Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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