Piper Sandler highlights its favorite tech stocks to play the A.I. craze

Technology's artificial intelligence-driven surge this year is giving some investors pause, heightening fears that AI euphoria may be the next bubble to pop. But despite some similarities, Piper Sandler notes the setup looks a little different. .SPX YTD mountain S & P 500's 2023 performance Technology stocks have gotten a boost this year as enthusiasm around artificial intelligence grows, and the recent banking crisis resets expectations for Federal Reserve policy.

mountain Broadcom shares in 2023 Given this setup, the firm highlighted its favorite top-ranking technology stocks to buy, with high earnings growth, return on equity and a low beta. These stocks also boast a high earnings revision ratio. "We continue to favor profitable growth as an investment theme as we expect that the lagged effects of tightening will continue to weigh on economic growth," Kantrowitz said.

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