Join the elite! Get the weekly Citywire Elite Companies newsletter It is a leading global manufacturer of products for powering, protecting and connecting electronic circuits. A similar investment story exists behind the recent mighty ascent of shares in AA-rated Bel Fuse ( US:BELFB). At the time, it said it expected investment in AI to fuel strong demand for its products, which include liquid cooling systems for servers and uninterruptable power supplies. The IT infrastructure company wowed investors with strong quarterly results in April. Several new AI plays have popped up on our list of top-rated hot stocks.Īmong these is AAA-rated Vertiv ( US:VRT). Read May’s momentum data dive: The hottest AI plays backed by the world’s best investors More AI winners However, there’s no denying rapid developments in AI are exciting and, valuations aside, many of the businesses exposed to this technology appear to have great prospects. This could be a risk with today’s hottest stocks, such as Nvidia ( US:NVDA), which is valued at an incredible 45 times historic sales. Markets can overheat and valuations can get overblown, which ultimately leads to painful whipsaw reversals. There is one big risk with chasing hot stocks. Many of the stocks we highlighted in our last momentum data dive in late May have gone on to deliver incredible returns (see chart). Often that means latching onto a strong trend and this year excitement about AI has certainly provided one. ![]() Momentum investors aim to back winners that keep winning. Lists of the 20 top-rated large caps and small caps making the biggest share price gains over the last three months can be found at the end of this article. ![]() And there’s a smattering of stocks riding other trends, too. Our data trawl has also unearthed many new AI winners to introduce readers to. Many of these stocks also featured in our last hunt for top risers in May, which reflects just how strong and persistent investor enthusiasm is for all things AI. Our regular search for the hottest Citywire Elite Companies top-rated stocks is full of artificial intelligence (AI) plays.
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