The changes to MarketBeat’s screen for Most Upgraded Stocks posted since the FQ2 earnings reports were released are significant. These are perhaps the most critical changes in many quarters, as the AI market leaders are back in the analysts’ favor.
Stocks in the ranking include five of the Magnificent Seven stocks, including NVIDIA (NASDAQ: NVDA) and represent more than 30% of the S&P 500 (NYSEARCA: SPY) index. All are ranked in the top ten, and four are in the top five, with some new leaders emerging. The new leaders include the “other” crucial AI names, such as Oracle (NYSE: ORCL), Advanced Micro Devices (NASDAQ: AMD), and now Snowflake (NYSE: SNOW), which is seeing accelerating demand for its data-management services.
