These 3 Tech Stocks Are Gaining Steam After NVIDIA's Report

Core Viewpoint - The technology sector, particularly artificial intelligence and semiconductors, is attracting significant investor interest, with NVIDIA leading the charge and influencing associated stocks [1][2]. Group 1: Taiwan Semiconductor Manufacturing - Analysts on Wall Street are optimistic about Taiwan Semiconductor, anticipating a bullish quarterly announcement from NVIDIA that could enhance demand and production for the company [3]. - Taiwan Semiconductor has a MarketRank™ in the 83rd percentile, with a Moderate Buy rating and a projected earnings growth of 19.89% [4]. - Barclays analysts have reiterated an Overweight rating on Taiwan Semiconductor with a price target of $255, suggesting a potential net rally of up to 16% from current trading levels [5]. - The stock trades at a lower price-to-earnings (P/E) ratio of 23.0x compared to NVIDIA's 41.0x, indicating a better risk-adjusted return for investors [6]. Group 2: Dell Technologies - Dell is leveraging its partnership with NVIDIA to enhance its hardware and software offerings, which could lead to renewed upside potential for the stock [7]. - Dell's MarketRank™ is in the 100th percentile, with a Moderate Buy rating and a projected upside of 39.6% [8]. - Analysts from Bank of America have set a price target of $150 per share for Dell, indicating a potential 40% rally from current prices despite a recent decline following earnings announcements [8]. Group 3: Oracle Corporation - Oracle plays a crucial role in the AI development associated with NVIDIA's chips by providing the necessary cloud computing platform [11]. - The company has a MarketRank™ in the 98th percentile, with a Moderate Buy rating and a projected upside of 10.0% [12]. - Institutional investors, particularly UBS Asset Management, have increased their holdings in Oracle by 20.5%, amounting to a stake worth $2.3 billion, indicating confidence in the stock's future performance [12]. - Oracle shares are trading at 83% of their 52-week highs, fitting into the risk-adjusted return profile for investors seeking upside [13].