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Follow on Google News | Quest Capital HK - 5 Stocks with Lead Roles in AI Are Close to Buy PointsAlong with the dominant fast-casual food chain Chipotle Mexican Grill (CMG), this week's list also includes artificial intelligence players Marvell Technology (MRVL) and MongoDB (MDB).
After Marvell directed its AI chip business to rise to $800 million, or 15% of sales, next year from $200 million, or 3% of sales last year, the MRVL stock emerged from a consolidation. The business expects its AI revenues to double both this year and the next year. The 21-day exponential moving average of MRVL, which found support after the stock gapped higher on results, has generally maintained that gap. When breaking a downtrend but still close to the 21-day line, a rise above Thursday's high of 60.43 would provide an early entry. Marvell needs an additional week to establish a solid basis. Shares now have an easy-to-read Composite Rating of 87, which incorporates a number of technical indicators. The relative strength line for Marvell is below its May 26 highs and has a 93 RS Rating. The firm posted rapid profits decreases the last two quarters while exceeding expectations, earning it a 57 EPS Rating. MongoDB The New York City MongoDB offers a free database platform for companies, and its business strategy is built on a subscription- Analysts predict a 92% increase in profits to $1.56 per share for the fiscal year 2024 and a 34% increase in the following fiscal year 2025. Tigress Financial maintained a Buy rating on MDB stock while increasing its price objective from $365 to $490. The company added that MongoDB's customer adoption, revenue growth, and corporate adoption should all benefit significantly from the expanding integration of AI tools and capabilities. Quest Capital Markets Limited [ https://questcapital- End
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