"Uncovering the Top AI Stocks for 2024"

As Nvidia prepares to announce its latest quarterly results, portfolio manager Ken Laudan suggests considering three stocks of companies involved in network communications, data storage, and power management as additional ways to ride the AI technology wave. Nvidia's quarterly sales are expected to triple from a year earlier, but to increase "only" 13% from the previous quarter. Laudan also lists Coherent Corp., Pure Storage Inc., and Eaton Corp. PLC as AI enablers to consider, citing their roles in optical transceivers, flash storage, and power management for datacenters.