Nvidia, Broadcom, Micron: Top AI Stocks to Buy Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Nvidia's Market Dominance: Nvidia holds approximately 90% market share in GPUs, and with TSMC significantly ramping up capital expenditures, it indicates that AI infrastructure demand is set to persist long-term, further solidifying its leading position in AI data center construction.
- Broadcom's Custom Chip Advantage: By assisting hyperscalers in designing custom AI chips, Broadcom is projected to see its AI revenue grow from $20 billion to $100 billion over the next two years, showcasing its strong growth potential in the AI market.
- Micron's HBM Demand: As a major DRAM manufacturer, Micron is benefiting from skyrocketing demand for high bandwidth memory (HBM), which is expected to lead to soaring memory prices and sustained supply shortages, enhancing its investment value in the AI sector.
- AI Infrastructure Investment Trend: With the rapid advancement of AI technology, companies like Nvidia, Broadcom, and Micron are driving growth through investments and innovations in their respective fields, creating a favorable market outlook.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
