Evercore ISI says these are a must-have in your AI portfolio.


  • Evercore ISI identified a group of stocks that are at the forefront of the artificial intelligence revolution.
  • The key stocks include Nvidia, Meta Platforms, and Alphabet, all of which have shown strong growth potential in the AI sector.

A group of stocks have been identified by Evercore ISI as the cornerstone of an AI portfolio, signaling strong growth potential in the artificial intelligence sector. Nvidia, Meta Platforms, and Alphabet are among the key players that have been highlighted for their significant contributions to the AI revolution.

Excitement around AI has led Nvidia to achieve a $3 trillion valuation, with the chip giant being considered a “generational opportunity” by Evercore senior managing director Julian Emanuel. Nvidia has seen a surge of over 140% in 2024, fueled by the company’s latest suite of AI chips, dubbed “Rubin.”

Meta Platforms, the parent company of Facebook, has also made the cut with its strategic focus on AI. Despite facing some challenges with lower-than-expected revenue forecasts, Meta is doubling down on AI investments, with CEO Mark Zuckerberg expressing confidence in scaling and monetizing AI projects effectively.

Alphabet, the parent company of Google, has been recognized for its suite of AI products, including large language model Gemini and Vertex AI targeting enterprise companies. With a strong track record in AI research and infrastructure, Alphabet has posted solid financial results and authorized its first dividend payment in the first quarter.

Evercore ISI compiled this list of AI revolutionaries by scanning the Russell 1000 for companies that have shown growth potential, with a focus on those whose executives mentioned AI more frequently in call transcripts in 2023. These companies are expected to outperform in the long term, with estimates for 2024 earnings per share revised upward this year and a price-to-earnings growth ratio at a discount versus the Russell 1000.