Author: Benjamin Rains, Zacks

Its upbeat earnings outlook earns it a Zacks Rank #1 (Strong Buy), and it has topped our bottom-line estimates in 19 out of the past 20 quarters.

The recent selloff helps it trade 35% below its highs (and 37% below our average price target).

Wall Street has paid a premium for this stock for years, but it currently trades at a 25% discount to its highs in P/E terms.

The constant expansion of data centers and the rise of AI systems, cryptocurrencies, and other new technologies provide the company with a massive growth runway for decades.

Shares have skyrocketed roughly 375% during the past 12 months but are still trading 33% below all-time highs.