Look out: “The future is arriving sooner than investors expect” according to Beijia Ma, Bank of America’s leading investing strategist.

Luckily Bank of America has compiled a list of ‘buy’ rated stocks with “material exposure” to future tech themes. These are the stocks they believe look set to benefit the most from these themes over the next 2-5 years.

“By 2020E, we see electric and autonomous vehicles, the Internet of Things (IoT), AI and other hyperbolic technologies impacting lives on Main Street. 2023E serves as an inflection point for tectonic shifts including peak labour, the maturing of Gen Y & Z, and grid parity for renewables — while many moonshots [like animal-free meat] come closer to reality.”

Here we use TipRanks’ insights to dive into the outlook of five of these highlighted stocks. We cover both the overall Street perspective, and the take of top-performing analysts. This allows us to pinpoint recommendations from the best analysts with the highest success rates.

Let’s dive in now:


Themes: Future mobility, robots, millennials, safety, smart cities, virtual reality/augmented reality/mixed reality

Chip maker Nvidia (Nasdaq:NVDA) has multiple drivers up its sleeve including graphics and video processing chips, “supercomputing” chips and high-speed GPU processing. Based on our data, we can see that the Street is cautiously optimistic about the stock’s outlook. However NVDA does have its committed fans.

Take five-star RBC Capital analyst Mitch Steves. He has just reiterated his buy rating with a $285 price target (15% upside potential) up from $280 previously. On gaming, Nvidia’s largest segment, he says “we are bullish long-term”. This is down to the complexity of video games, virtual reality and the potential for customers to shift from AMD’s GPU gaming products to NVDA. Plus “with triple-digit year-over-year growth in the Data Center segment, we see potential for robust growth from Data Center along with Virtual Reality.”

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