Despite a downturn earlier this summer, the tech industry – especially its semiconductor chip segment – has been bouncing back. And importantly for investors, the semiconductor stocks are quickly moving back to their leading position.
The reasons are clear. Chip technology is the foundation stone for artificial intelligence, and AI is driving the increasing digitalization of our global economy. The growth of AI is fueling increased demand for high-performance computers, data center servers, and the high-capacity chips that make them possible.
The key here lies in the graphics processing units that are rapidly becoming ubiquitous at tech’s cutting edge. Originally designed to power quality graphics for high-end gaming, these chips quickly found acceptance by professional graphic designers and then were co-opted by data centers and AI developers. The bottom line: they can meet the high computing demands in all of these fields.
Covering the semiconductor sector, Rosenblatt’s Hans Mosesmann, a top-tier analyst ranked 5th among thousands of Wall Street stock experts, has tagged both Nvidia (NASDAQ:NVDA) and Marvell (NASDAQ:MRVL) as must-watch AI stocks ahead of their earnings releases this week. Both companies are industry leaders in chip innovation and are poised to play a pivotal role in the future. Let’s take a closer look.
