The No. 1 AI Stock of 2024 (Not Nvidia)

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Spire: Fiscal Q2 Earnings Snapshot

By AAMER MADHANI
May 06, 2022

ST LOUIS (AP) _ Spire Inc. (SR) on Friday reported fiscal second-quarter profit of $173.6 million.

On a per-share basis, the St. Louis-based company said it had net income of $3.27. Earnings, adjusted for non-recurring costs, were $3.42 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.

The natural gas distributor posted revenue of $880.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $894.7 million.

Spire expects full-year earnings in the range of $3.75 to $3.95 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SR at https://www.zacks.com/ap/SR

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