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Barchart
Sushree Mohanty

These Are April's 2 Hottest AI Stocks. Should You Buy Them in May?

AMD Arista Advanced Micro Devices ANET Arista Networks Meta OpenAI

After a shaky start to the year, AI stocks came roaring back in April, with the tech-heavy Nasdaq Composite Index ($NASX) jumping over 14% and the S&P 500 Index ($SPX) up 10%. AI optimism has returned in full force, with investors shifting their focus away from geopolitical tensions and toward strong earnings and massive AI-related spending. These two emerging AI players clearly stood out. In April alone, Advanced Micro Devices (AMD) stock climbed 68%, while Arista Networks’ (ANET) shares surged 40%.

With both AMD's and Arista’s earnings coming up on May 5, are these two stocks a buy now?

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