The fever for Artificial Intelligence (AI) It wasn’t finished yet, but it changed the protagonists. While Nvidia Although the company continues to dominate headlines and portfolios, its extreme valuation has forced major funds to look for opportunities in less visible but equally strategic companies within the global technology ecosystem.
Investment banks like JP Morgan, Citi, Morgan Stanley and Bank of America began recalibrating their recommendations for 2025. The focus was no longer just on the chip, but started with the coverage Storage, software, infrastructure, cloud and endpointswhere there are still attractive prices.
For the Argentine investor, the key fact is that these companies can be bought in pesos, via CEDEARscombining exposure to technological growth with hedging against the financial dollar. In an unstable local market, this combination becomes increasingly important again.
Below you will find the rankings of five actions related to artificial intelligence that Wall Street considers to be cheap relative to its potential. They all have solid fundamentals, clear catalysts and identifiable ticker operating out of Argentina.
Micron Technology: the memory without which AI doesn’t work
If Nvidia is the brain of artificial intelligence, Micron is memoryand Wall Street believes the market still isn’t paying them properly. Current reports from City They emphasize that demand for HBM storage, which is crucial for AI servers, far exceeds the supply capacity forecast for 2025.
The company is undergoing a profound cycle change: it went from excess inventory to a scenario of structural deficiencywhich gives you pricing power back. Additionally, Micron managed to validate its most advanced chips with major AI hardware manufacturers.
Despite this favorable scenario, the action MU It trades at significantly lower multiples than other tech companies linked to the boom. For analysts, this gap means one thing Market inefficiency which could be corrected by force.
From Argentina, the CEDEAR from Micron (MU) allows you to catch this trend before the market fully absorbs it. The thesis is simple: No AI expansion without memoryand Micron is one of the few global players capable of delivering this.
Alphabet: the AI giant that the market underestimated
For months, Alphabet was seen as more of a defensive company than an aggressive AI player. However, banks like it JP Morgan reviewed this narrative and emphasized that Google is essentially a Artificial intelligence company with multiple revenue drivers.
Model integration Gemini Tangible results are starting to show in the search engine, in advertising and in Google Cloud. The cloud business is accelerating its growth and is being consolidated as one of the group’s strategic pillars.
As for the rating, GOOGLE Quote at a Price-performance ratio lower than that of main competitorsdespite having net cash, aggressive buybacks and one of the largest databases in the world.
For the Argentine investor this is CEDEAR by Google (GOOGL) combines liquidity, stability and growth potential. Wall Street sees this as a bet reduced qualityincreasingly difficult to find in technology.
Qualcomm: AI comes from the cloud to mobile phones
The next big stage of artificial intelligence will take place not only in data centers, but also in personal devices. In this scenario Qualcomm is considered one of the big winners according to analysis Morgan Stanley.
Its new processors enable AI models to run directly on smartphones and computers without relying on the cloud. This allows a cycle of renewal of devices whose size the market has not yet fully reached.
The action QCOM is trading at low multiples compared to the technology sector average and is gaining ground in the process Automotive, PCs and connected devicesthereby reducing the historical dependence on the mobile phone business.
He Qualcomm CEDEAR (QCOM) offers an unusual combination: growth combined with AI and stable dividendsmaking it an attractive option for moderate profiles in the technology segment.
Alibaba: the opposite move of the AI ecosystem
Alibaba is probably the most penalized stock on the panel. However, various reports emphasize that this is the case Cloud computing and artificial intelligence remains dominant in China.
The company develops its own AI models and operates one of the largest technological infrastructures in the world. Even so, MUCUS is trading at multiples that reflect an extremely pessimistic scenario.
For bolder analysts, this difference between Price and value generates a “deep value” opportunity. The recovery potential is high if the market stops indiscriminately punishing Chinese risks.
He Alibaba CEDAR (BABA) allows you to take advantage of this upswing, albeit with high volatility. It is a tactical bet designed for a small portion of the portfolio but offers significant upside potential.
IBM: Enterprise AI that pays off
IBM returned to the market thanks to its focus Artificial intelligence for companies. Banks like Bank of America They highlight their Watsonx platform and their positioning in secure and auditable solutions.
Unlike consumer technology companies, IBM works with large corporations, long-term contracts and predictable margins. This gives it stability in more fragile economic scenarios.
The action IBM combines moderate growth with high and sustainable dividendsa rarity within the AI universe. This feature makes it attractive to conservative investors.
He IBM CEDEAR (IBM) acts as a defensive anchor within a technology portfolio, allowing exposure to AI without the extreme volatility of other securities.
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