Only a few months into 2025, the sharp decline of the U.S. stock market has prompted some of Wall Street’s top forecasters to scale back their bullish predictions for the S&P 500.

The potential for artificial intelligence (AI) to improve the fortunes of leading businesses has been a huge catalyst for the stock market over the last few years. The following stocks of leading chip companies could offer upside of 39% to 48% based on the average analyst price target.

Wall Street was poised to open with healthy gains but nowhere near enough to make up for the losses that have piled up in recent weeks as anxious investors flee for safer holdings in the midst of an escalating U.