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Tech stocks like Nvidia and Apple have more room to run in June, analysts say

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Wall Street analysts said this week that there's a host of tech stocks that can extrend their rallies.

Stocks like Nvidia and Apple have more room to run this summer, according to Wall Street analysts. The tech-heavy Nasdaq Composite increased by 2.4% this week, bringing its 2024 gain to more than 14%. In addition, the S & P 500 finished the week up more than 1.3%.

Pro combed through top Wall Street research to find the must-own tech stocks. They include: Broadcom , Uber, Apple, Datadog and Nvidia. Broadcom Melius Research analyst Ben Reitzes recently launched research coverage of the semiconductor manufacturer with a buy rating. Reitzes called Broadcom a "must-own" AI stock even as competition remains fierce from companies like Nvidia. Broadcom completed its acquisition of VMware in late 2023, which Reitzes says is a long term catalyst.

 

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