Posted 2/17/2024, 11:57:00 AM
AMD and Marvell Named Top AI Chip Stocks to Buy by Goldman Sachs Amid Booming Data Center Demand
- AMD and Marvell Technology identified by Goldman Sachs as top AI chip stocks to buy now
- AMD seeing strong data center demand for new MI300X graphics chips for AI; revenue growth accelerating
- Marvell benefiting from partnerships and demand for its electro-optics products for data centers
- Both companies exceeding previous growth estimates for AI-related products
- Analysts optimistic on future earnings growth potential for both stocks amid growth in AI market