For Immediate Release
Chicago, IL – August 12, 2026 – Zacks Equity Research shares MYR Group Inc. MYRG as the Bull of the Day and Turtle Beach Corp. TBCH as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Intel Corp. INTC, Advanced Micro Devices, Inc. AMD and NVIDIA Corp. NVDA.
Here is a synopsis of all five stocks:
MYR Group Inc. is a great buy-and-hold stock to ride converging megatrends across AI, energy, electrification, and beyond.
The specialty electrical contractor posted another strong beat-and-raise quarter at the end of July, with its backlog up 20% YoY. MYR Group is benefiting from the "ongoing investment in electrical infrastructure" driven by the AI boom and more.
MYR Group's recent upward earnings revisions land the stock a Zacks Rank #1 (Strong Buy) and extend its impressive run of upward earnings revisions. MYRG more than doubled its revenue between 2018 and 2023 and roughly tripled its adjusted earnings.
The grid construction specialist bounced back big time in 2025 after setbacks in 2024, and it's projected to post strong double-digit revenue and earnings growth again in 2026 and 2027.
The utility grid expert and AI data center infrastructure stock soared over the last 10 years.
Yet investors can buy the stock down ~35% from its late June peaks as it finds support at key technical levels. On top of that, MYRG stock is trading at oversold levels, and its valuation is far more reasonable.
The Best Top-Ranked Stocks to Buy Now in August and Hold: MYRG
MYR Group's long-term bull case is straightforward: it's one of the go-to electrical construction contractors for critical projects like grid hardening and expansion, electrification, nuclear energy and renewable integration, the rapid build-out of data centers, and more.
U.S. electricity demand is projected to grow 100% by 2050, fueled by the power-hungry AI boom, the reshoring of critical manufacturing such as semiconductors, electrification, and a desperate need to expand and repair the grid after decades of neglect.
It's hard to determine which AI companies will come out on top as the technologies rapidly evolve. This is why investors must own stocks such as MYR Group that are riding the AI-boosted infrastructure spending spree and the once-in-a-generation energy and electrification boom regardless of which tech companies come out on top.
MYR Group is one of the largest specialty electrical construction contractors in the U.S. and Canada, operating via its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments.
The electrical contracting powerhouse builds, maintains, and repairs high-voltage power lines, substations, and a wide range of other vital electrical infrastructure that keep the grid running and growing.
It also helps build large-scale electrical systems for renewable energy projects, electric vehicle charging networks, industrial facilities, airports, hospitals, and most importantly, AI data centers.
MYR Group's long-term growth runway is impressive as the U.S. races to expand energy capacity and grid infrastructure across the country to support the AI arms race, electrification, the reshoring of semiconductor manufacturing and other critical industries, and more.
MYRG is one of dozens of companies rapidly expanding its business and growing its sales and earnings as the U.S. economy shifts from a prolonged period of capital-light growth into a capex-heavy spending spree.
McKinsey projects that $7 trillion will be spent globally on AI-focused capex by 2030. The AI hyperscalers alone, such as Amazon and Meta, are projected to spend at least $700 billion in AI-related capex in 2026 and ramp up again in 2027, after pouring $400 billion into AI capital spending last year.
The recent AI-boosted rally to new all-time highs for the S&P 500 showcases that the AI bubble fears might be overblown. Nvidia reportedly just reached a deal with Wall Street giants including Apollo Global Management, BlackRock, and Goldman Sachs to help raise $500 billion to fund the AI-infrastructure build-out.
The half-trillion in new AI infrastructure spending is the latest bullish sign for all things related to AI. This AI-centric spending is helping line the pockets of MYR Group and others that are physically building the new pillars of the 21st-century economy.
Buy Zacks Rank #1 (Strong Buy) MYRG Stock for AI and Megatrend-Boosted Growth
The utility grid expert more than doubled its revenue between 2018 and 2023 and roughly tripled its adjusted earnings during that stretch.
MYRG faced short-term setbacks in 2024, driven by project delays, cost overruns in clean energy contracts, and more. But those setbacks appear to be in the rearview after it posted 307% EPS growth in 2025 and 9% higher sales.
Most recently, MYRG grew its adjusted Q2 2026 earnings by 87%, topping our estimate by 25%—its fourth straight double-digit beat.
The company also expanded its revenue by 20% and boosted its backlog by 20%, as it benefits from the "ongoing investment in electrical infrastructure."
MYR Group's upbeat outlook sent its earnings revisions higher, landing it a Zacks Rank #1 (Strong Buy). MYRG is projected to grow its adjusted earnings by 59% in 2026 and 13% in 2027 on 22% and 13%, respective sales expansion.
Buy the Data Center, Energy, and Electric Infrastructure Stock Before It Breaks Out?
The electric construction stock surged ~1,500% over the last 15 years, crushing the Utilities sector's 70% and the S&P 500's 580%. MYR Group's long-term climb includes a 230% run in the past five years and a 70% charge in the past 12 months.
Yet, investors can buy the data center electrician stock down roughly 35% from its late June peaks. MYRG's average Zacks price target implies 40% upside from its current price, and it would have to climb roughly 50% to return to its all-time highs.
The stock found support near its 200-day and its 50-week to close July. It has chopped around above its 200-day mark since then as it looks to break out above its pre-breakout levels from late April (see chart above).
Its selloff, mixed with its strong earnings growth outlook, has it trading at a 45% discount to its highs and only a 30% premium to its 10-year median and the S&P 500 at 25.9X forward 12-month earnings. MYRG stock has soared ~1,100% in the past 10 years vs. its industry's 40% and the S&P 500's 280%.
Turtle Beach Corp. is a gaming accessories maker best known for its headsets. TBCH's earnings revisions tanked after its disappointing second-quarter release on August 6.
The gaming accessories standout's recent downward earnings revision trend lands it a Zacks Rank #5 (Strong Sell) and prolongs a run of negativity that began in early 2025.
Should Investors Stay Away from Gaming Stock TBCH?
Turtle Beach is a video gaming accessories firm known for its popular gaming headsets that work with Xbox, PlayStation, Nintendo, PCs, and mobile devices. The company has expanded into controllers, keyboards, flight and racing simulation gear, and more.
TBCH has faced pressure mainly from soft demand in the broader gaming accessories market. The company's sales fell 14% in 2025, marking its second YoY revenue drop in the last four years.
Worst still, its GAAP earnings appear to have peaked all the way back in 2018, and its adjusted earnings dropped 25% YoY in 2025.
The gaming accessories firm's FY26 earnings estimate is down 30% since its release, dropping from $0.71 a share to $0.50, with its FY27 outlook 19% lower.
TBCH adjusted earnings are projected to drop another 40% YoY in 2026.
TBCH stock has fallen 55% in the past five years as the S&P 500 climbed 80% and its sector soared 100%.
On top of that, it's part of the Computer - Peripheral Equipment industry that ranks in the bottom 5% of over 240 Zacks industries. Studies have shown that roughly half of a stock's price movement can be attributed to a stock's industry group.
The top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1. This adds to the list of reasons why investors might want to avoid Turtle Beach stock for now, or just put it on their watchlists.
Additional content:
Does Intel's Revenue Growth Signal a Turnaround?
Intel Corp. appears to be gaining momentum, with improving revenues highlighting a significant turnaround in the chipmaker's fortunes. Strength across the data center and client computing businesses, growing AI-related demand and improving manufacturing execution are helping revive the company's growth trajectory.
The company reported second-quarter 2026 revenues of $16.1 billion, up 25% year over year. The solid top-line improvement reflects strengthening demand across Intel's product portfolio and indicates that its restructuring and technology investments are beginning to bear fruit.
Data Center Growth Remains a Key Catalyst
Intel's Data Center and AI (DCAI) business is emerging as a major growth driver. DCAI revenues surged 59% year over year to $6.3 billion in the second quarter, benefiting from healthy hyperscale and enterprise demand.
The proliferation of generative AI applications is driving significant investments in data center infrastructure. Although GPUs remain at the center of AI computing, CPUs continue to play an important role in supporting AI workloads. This is creating incremental opportunities for Intel's Xeon portfolio. The momentum is encouraging as AI-related infrastructure spending is likely to remain healthy, providing Intel with an opportunity to capitalize on rising compute requirements.
Client Computing Business Gains Momentum
Intel is also witnessing improving trends in its client computing business. Client Computing and Physical AI Group revenues totaled $8.9 billion in the second quarter, increasing 15% sequentially. The rising adoption of AI-enabled PCs represents an important growth opportunity. AI PC revenues increased 26% sequentially and accounted for roughly two-thirds of Intel's client revenues during the quarter.
Intel is ramping Panther Lake and Wildcat Lake products based on its advanced 18A process technology. Increasing adoption of these products, coupled with an eventual enterprise PC refresh cycle, should support the client business over the long run. The company is also expanding its presence in edge computing and physical AI applications, including robotics. These emerging markets could broaden Intel's addressable opportunity beyond traditional PCs.
Improving Manufacturing Execution Bodes Well
Improving manufacturing execution is another positive for Intel. Demand for its products remains strong, with supply constraints limiting the company's ability to fully satisfy customer requirements. The company is increasing wafer output across Intel 7, Intel 3 and Intel 18A to address the demand. Improving yields and cycle times are helping boost production while lowering manufacturing costs.
The progress of Intel 18A is particularly encouraging. Output from the process exceeded the company's internal target during the second quarter and increased sharply on a sequential basis. Intel's ability to consistently execute on advanced process nodes remains crucial to its turnaround. Better manufacturing execution should strengthen the competitiveness of its product portfolio while supporting gross-margin expansion over time.
Price Performance
Intel has gained a stellar 347.1% over the past year compared with the industry's growth of 29.1%, outperforming peers like Advanced Micro Devices, Inc. and NVIDIA Corp.. While NVIDIA stock is up 18.8%, Advanced Micro has gained 168.4% over this period.
Estimate Revision
Earnings estimates for Intel for 2026 have moved up 116.2% to $1.47 over the past year, and the same for 2027 has increased 38.3% to $1.95. The positive estimate revision depicts bullish sentiments for the stock.
INTC Growth Hurt by Operating Risks
Despite the uptrend, Intel has been facing challenges due to the disruptive rise of over-the-top service providers in this dynamic industry. This has affected its margins. Price-sensitive competition for customer retention in the core business is expected to intensify in the coming days. An accelerated ramp-up of AI PCs has adversely impacted Intel's margins, as it shifted production to a high-volume facility in Ireland, where wafer costs are typically higher. Competitive pricing pressure from rivals has further dented its profitability.
China accounted for more than 24% of Intel's total revenue in 2025, making it the company's second-largest market after the United States. However, the communist nation's purported move to replace U.S.-made chips with domestic alternatives significantly affected INTC's revenue prospects. The directive to phase out foreign chips from key telecom networks by 2027 underscores Beijing's accelerating efforts to reduce reliance on Western technology amid escalating U.S.-China trade and tariff tensions.
As Washington tightens restrictions on high-tech exports to China, Beijing has intensified its push for self-sufficiency in critical industries. This shift poses a dual challenge for Intel, as it faces potential market restrictions and increased competition from domestic chipmakers. In addition, weaker spending across consumer and enterprise markets, especially in China, resulted in elevated customer inventory levels.
End Note
Intel's innovative AI solutions hold immense promise for the broader semiconductor ecosystem. By addressing the challenges of scalability, performance and interoperability, it is paving the way for widespread AI adoption across enterprises worldwide. Management is focusing on simplifying parts of its portfolio to unlock efficiencies and create value. Significant capital infusion to revive its lost glory is likely to spur growth. All these efforts appear to resonate well, as exhibited by an uptrend in the stock price performance and rising earnings estimates.
However, margin woes amid strict export restrictions, unfavorable product mix and elevated customer inventory levels weigh on its bottom line. With a Zacks Rank #3 (Hold), Intel appears to be treading in the middle of the road, and investors could be better off if they exercise caution and stay invested for long-term gains. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Intel Corporation (INTC): Free Stock Analysis Report
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