Among the standout performers, only two major technology companies, Amazon and Nvidia, were highlighted. These companies are part of the so-called Magnificent Seven, which have thrived this year largely due to the buzz surrounding artificial intelligence and technological advancements. Analysts have projected significant further growth for both Nvidia and Amazon, with expected upside of 36.4% and 16.3%, respectively, alongside buy ratings exceeding 80%. This comes on the heels of substantial gains, where Nvidia’s stock has risen over 230%, while Amazon’s stock has increased by more than 80%. Notably, Nvidia stands out for presenting the highest potential upside at 36.4%, according to data from FactSet, indicating strong investor confidence in its future performance.

Additionally, several stocks from the MSCI World index have caught the attention of analysts. Super Micro Computer, a key player in the artificial intelligence sector, has experienced a staggering increase of approximately 270% this year, surpassing even Nvidia’s impressive growth. This U.S.-based company specializes in manufacturing high-performance computer systems that are utilized by businesses for various purposes, including web hosting, data storage, and powering AI algorithms. Analysts have assigned Super Micro an additional upside of 20% and a robust buy rating of 63%. Additionally, global stocks such as Japan’s Sony and Toyota Motor have also been noted, with analysts projecting upside potential exceeding 20% for each of these reputable firms. — CNBC’s Kif Leswing contributed valuable insights to this report.