NVDA - Nvidia Broadcom Lead AI Charge: BofA Analyst Tips AMD Micron as Emerging Contenders in Explosive Market Growth | Benzinga
BofA Securities analyst Vivek Arya’s top picks were Nvidia Corp (NASDAQ:NVDA) (Buy, price target of $1,100) and Broadcom Inc (NASDAQ:AVGO) (Buy, price target of $1,680) in artificial intelligence, considering the adoption of accelerated/AI servers a generational shi? with NVDA and AVGO, the leaders.
However, he noted the rising tide – accelerator market ~2xing to $200 billion over next three years – could create volatile but fruitful opportunities among the #2 vendors, including Marvell Technology, Inc (NASDAQ:MRVL) (#2 to AVGO in AI networking, up and comer in custom chips) (Buy, price target $95), Micron Technology, Inc (NASDAQ:MU) (potential to rapidly expand high-bandwidth memory or HBM market share behind Korean peers), and Advanced Micro Devices, Inc (NASDAQ:AMD) (#2 GPU and #3 AI accelerator vendor) (Buy, price target $195).
Each “junior samurAI” ...